Dhaka Electric Supply Company Limited announcements
295 Dhaka Stock Exchange announcements for Dhaka Electric Supply Company Limited (DESCO) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2024 (22).
- Resumption after Record Date
Trading of the shares of the company will resume on 24.11.2024.
- Suspension for Record Date
Trading of the shares of the company will remain suspended on record date i.e., 21.11.2024.
- Spot News
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle from 19.11.2024 to 20.11.2024 and trading of the shares will remain suspended on record date i.e., 21.11.2024.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (0.81) for July-September 2024 as against Tk. (3.82) for July-September 2023; NOCFPS was Tk. 2.15 for July-September 2024 as against Tk. 2.94 for July-September 2023. NAV per share was Tk. 37.12 as on September 30, 2024 and Tk. 37.92 as on June 30, 2024. EPS has been increased due to increase in distribution revenue.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on November 13, 2024 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2024.
- Appointment of Managing Director
The company has informed that Brig. Gen. Shameem Ahmed, NDC, PSC (Retd.) joined as Managing Director of the company on October 30, 2024.
- Qualified Opinion and Emphasis of Matters
The auditor of the company has given the "Qualified Opinion" and "Emphasis of Matters" paragraphs in the Auditor's Report of the company for the year ended June 30, 2024. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2024/October/DESCO_2024.pdf
- The Board of Directors has recommended No dividend for the year ended June 30, 2024. Record Date: 21.11.2024. Date of AG
The Board of Directors has recommended No dividend for the year ended June 30, 2024. Record Date: 21.11.2024. Date of AGM: 25.01.2025, Time:10:00 AM. Venue: Digital Platform. The Company has also reported EPS of Tk. (12.72), NAV per share of Tk. 37.92 and NOCFPS of Tk. 15.49 for the year ended June 30, 2024 as against Tk. (13.61), Tk. 50.62 and Tk. 8.72 respectively for the year ended June 30, 2023. (cont.)
- Dividend Declaration
(Continuation news of DESCO): The company has also informed that it incurred loss in current year and retained earnings is negative, as such the Board of Directors could not be able to recommend any dividend this year. EPS has improved marginally as distribution revenue grew slightly and foreign exchange fluctuation losses decreased. (end)
The first part of this announcement is missing from the archive. - Price Limit Open
There will be no price limit on the trading of the shares of the Company today (15.10.2024) following its corporate declaration.
- Reschedule of Board Meeting under LR 19(1)
The Company has further informed that, due to unavoidable circumstances, the Board meeting under Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on October 14, 2024 instead of October 10, 2024 to consider, among others, audited financial statements of the Company for the year ended June 30, 2024. Other things of the meeting will remain unchanged.
- Board Meeting schedule under LR 19(1)
As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on October 10, 2024 at 05:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2024.
- The company has informed that Bangladesh Securities and Exchange Commission (BSEC) has accorded its consent for issuance
The company has informed that Bangladesh Securities and Exchange Commission (BSEC) has accorded its consent for issuance of 60,76,93,513 (Sixty crore seventy-six lac ninety-three thousand five hundred thirteen) number of Irredeemable Non-Cumulative Preference Shares of Tk. 10 each at par totaling Tk. 6,076,935,130.00 (Six hundred and seven crores sixty-nine lac thirty-five thousand one hundred and thirty) in favor of Government of Bangladesh (cont.)
- BSEC's consent to issue Irredeemable Non-Cumulative Preference Shares
(Cont. news of DESCO): represented by Secretary, Power Division, Ministry of Power, Energy and Mineral Resources against GOB equity. (end)
The first part of this announcement is missing from the archive. - Appointment of Chairman
The company has informed that Dr. Syed Masum Ahmed Choudhury, ndc, Additional Secretary of Government of the People's Republic of Bangladesh has been appointed as the Chairman of the Board of Directors of the Company with effect from 26.06.2024.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended June 30, 2023 to the respective shareholders.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. (1.89) for January-March 2024 as against Tk. (3.65) for January-March 2023; EPS was Tk. (6.81) for July 2023-March 2024 as against Tk. (3.44) for July 2022-March 2023. NOCFPS was Tk. 1.99 for July 2023-March 2024 as against Tk. 1.75 for July 2022-March 2023. NAV per share was Tk. 43.51 as on March 31, 2024 and Tk. 50.62 as on June 30, 2023.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on April 30, 2024 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2024.
- (Q2 Un-audited): EPS was Tk. (1.10) for October-December 2023 as against Tk. (0.08) for October-December 2022; EPS was T
(Q2 Un-audited): EPS was Tk. (1.10) for October-December 2023 as against Tk. (0.08) for October-December 2022; EPS was Tk. (4.92) for July-December 2023 as against Tk. 0.21 for July-December 2022. NOCFPS was Tk. 2.51 for July-December 2023 as against Tk. 3.59 for July-December 2022. NAV per share was Tk. 45.72 as on December 31, 2023 and Tk. 50.62 as on June 30, 2023. Reasons for deviation in EPS and NOCFPS: (cont.)
- Q2 Financials
(Continuation news of DESCO): EPS has been decreased significantly due to foreign exchange fluctuation loss and sharp fall in distribution revenue due to the disproportional increase in bulk and retail tariff. (electricity price). NOCFPS has been decreased due to decrease in distribution revenue and higher payment to suppliers. (end)
The first part of this announcement is missing from the archive. - Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on January 27, 2024 at 11:00 AM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2023.
- Credit Rating Information and Services Limited (CRISL) has assigned rating of the Company as \"A\" in the long term and
Credit Rating Information and Services Limited (CRISL) has assigned rating of the Company as \"A\" in the long term and \"ST-3\" for short term along with a Stable outlook in consideration of its audited financials up to June 30, 2023 also unaudited financials up to September 30, 2023 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.