Envoy Textiles Limited announcements
242 Dhaka Stock Exchange announcements for Envoy Textiles Limited (ENVOYTEX) since 2012: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (31).
- Refer to their earlier news disseminated by DSE on 16.05.2022 regarding acceptance of ADB loan offer, the company has fu
Refer to their earlier news disseminated by DSE on 16.05.2022 regarding acceptance of ADB loan offer, the company has further informed that the Board consented to execute the Final Execution version of the Facility Agreement with Asian Development Bank (ADB) for a long-term loan of EURO 10.80 million for the purchase and installation of spinning machinery and associated equipment for the second spinning unit (blended yarn project) (cont.)
- Acceptance for Final Execution of the Facility Agreement with ADB
(Continuation news of ENVOYTEX): of the company for a tenure up to 7 years, including a grace period of 1.5 years. The loan is to be repaid by equal semi-annual installment starting from the 1.5 years anniversary of the closing date of the facility. The company has also informed that the new unit is automated and more energy efficient, and will have an annual yarn production capacity of 3,600 tons mainly used for in-house production of denim fabrics. (end)
The first part of this announcement is missing from the archive. - Credit Rating Agency of Bangladesh Limited (CRAB) has announced surveillance entity rating of the Company as \"AA1\" in
Credit Rating Agency of Bangladesh Limited (CRAB) has announced surveillance entity rating of the Company as \"AA1\" in the long term and \"ST-2\" in the short term along with a stable outlook based on audited financial statements up to June 30, 2021; unaudited financial statements up to March 31, 2022, bank liability position as on August 31, 2022 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- The Company has informed that the Hon\'ble High Court by an order dated 25.08.2022 passed in the Company Matter No. 202
The Company has informed that the Hon\'ble High Court by an order dated 25.08.2022 passed in the Company Matter No. 202 of 2022 was pleased to reconstitute the Board of Envoy Textiles Limited in the following manner: 1) Mr. Justice Moyeenul Islam Chowdhury, Retired Justice, Supreme Court of Bangladesh - Chairman. 2) Mr. Shafiqur Rahman,Barrister-at-Law, an Advocate of Supreme Court of Bangladesh ? Member. (cont.1)
- (Continuation news of ENVOYTEX): 3) Mr. Fakhruddin Ahmed, FCMA, FCA ? Member. 4) Mr. Kutubuddin Ahmed, Director (Ex-Chai
(Continuation news of ENVOYTEX): 3) Mr. Fakhruddin Ahmed, FCMA, FCA ? Member. 4) Mr. Kutubuddin Ahmed, Director (Ex-Chairman) - Vice Chairman. 5) Mr. Abdus Salam Murshedy, Director (Ex-Managing Director) ? Member. 6) Mrs. Rashida Ahmed, Director ? Member. 7) Mrs. Sharmin Salam, Director ? Member. 8) Mr. Tanvir Ahmed, Director ? Managing Director. 9) Barrister Shehrin Salam Oishee, Director ? Deputy Managing Director. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of ENVOYTEX): The aforesaid case has been filed by Mr. Abdus Salam Murshedy and his family members wh
(Continuation news of ENVOYTEX): The aforesaid case has been filed by Mr. Abdus Salam Murshedy and his family members who are shareholders and directors in the Company under section 233 of the Companies Act, 1994 being Company Matter No. 202 of 2022 against the Company and other directors challenging some amendments in Article of Association of the company, appointment of three additional Board members, (cont.3)
The first part of this announcement is missing from the archive. - Court Order for reconstitution of the Board
(Continuation news of ENVOYTEX): appointment of an Independent Director and a notice of the Nomination and Remuneration Committee Meeting. In the said case, the aforesaid order for reconstitution of board has been passed. The reconstituted Board shall perform for the interim period until the matter is finally disposed of, which is now pending for hearing before the Hon'ble High Court. (end)
The first part of this announcement is missing from the archive. - Refer to their earlier news disseminated by DSE on 26.12.2021 regarding Board decision to issue a 5-year series Zero Cou
Refer to their earlier news disseminated by DSE on 26.12.2021 regarding Board decision to issue a 5-year series Zero Coupon Bond, the Company further informed that BSEC has given consent for issuance of Non-convertible, Transferable, Fully Redeemable Unsecured Zero Coupon Bond of BDT 2,000.00 Million (at face value) through private placement. The discount rate of the Zero Coupon Bond shall be at a range of 6.50\% to 7.50\%. (con.)
- Consent from BSEC for issuance of Zero Coupon Bond
(Continuation news of ENVOYTEX): Repayment of Bond shall be started from the end of 6th month from the closing date and be redeemed in 10 semiannual tranches. An investor will have to subscribe across all 10 tenures (each semiannual periods) proportionately. The fund to be raised through issuance of Zero Coupon Bond shall be used to finance the Captive Power Plant of the company and to prepay a portion of high-cost borrowing. (end)
The first part of this announcement is missing from the archive. - The Company has informed that the Board consented to accept an offer from Asian Development Bank (ADB) for a long-term l
The Company has informed that the Board consented to accept an offer from Asian Development Bank (ADB) for a long-term loan of USD 11 million for the purchase and installation of spinning machinery and associated equipment for the second spinning unit (blended yarn project) of the company for tenue up to 7 years, including a grace period of 1.5 years. The loan to be repaid by equal semi-annual installment (cont.)
- Acceptance of ADB loan offer
(continuation news of ENVOYTEX): starting from the 1.5 years anniversary of the closing date of the facility. ADB will disburse the said loan subject to fulfilment of the conditions of due diligence agreement and the approval of Bangladesh Investment and development authority (BIDA). (end)
The first part of this announcement is missing from the archive. - Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.75 for January-March 2022 as against Tk. 0.21 for January-March 2021; EPS was Tk. 2.12 for July 2020-March 2022 as against Tk. 0.58 for July 2020-March 2021. NOCFPS was Tk. 3.62 for July 2021-March 2022 as against Tk. 4.48 for July 2020-March 2021. NAV per share was Tk. 39.40 as on March 31, 2022 and Tk. 37.79 as on June 30, 2021.
- Decision for Signing Technical Collaboration Agreement
(Continuation news of ENVOYTEX): and to develop and explore new business models for the company to adopt to the challenges of the industry. (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 April 27, 2022 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2022.
- Resumption after record date
Trading of the shares of the Company will resume on 17.04.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 13.04.2022 for EGM.
- Spot for EGM
Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle from 11.04.2022 to 12.04.2022. Trading of the shares of the Company will remain suspended on record date i.e., 13.04.2022 for EGM.
- Buy Confirmation
Sheltech Ceramics Limited (where Mr. Kutubuddin Ahmed and Mr. Tanvir Ahmed are the Directors (Chairman & Sponsor Director) of Envoy Textiles Limited and they are also the Chairman and Managing Director of Sheltech Ceramics Limited), has further informed that it has completed its buying of 33,64,695 shares of the Company at prevailing market price through Dhaka Stock Exchange Limited as per declaration disseminated on 16.03.2022.
- Buy Confirmation of a Director
Ms. Sumayyah Ahmed, one of the Directors of the company, has further informed he has completed his buying of 43,79,562 shares of the Company at prevailing market price through Dhaka Stock Exchange as per declaration disseminated on 14.03.2022.
- Buy Confirmation of a Sponsor Director
Mr. Tanvir Ahmed, one of the Sponsor Directors of the company, has further informed he has completed his buying of 1,19,51,104 shares of the Company at prevailing market price through Dhaka Stock Exchange as per declaration disseminated on 14.03.2022.
- Decision to hold an EGM
The Company has informed that the Board of Directors has decided to alter and insertion some articles in the Articles of Association of the Company subject to approval of the shareholders in the EGM. Date of EGM: 12.05.2022, Time: 11:00 AM, Venue: Digital Platform. Record Date for EGM: 13.04.2022.
- Buy Confirmation
Envotech Aviation Limited (where Mr. Kutubuddin Ahmed and Mr. Tanvir Ahmed are the Directors (Chairman & Sponsor Director) of Envoy Textiles Limited and they are also the Chairman and Managing Director of Envotech Aviation Limited), has further reported that it has completed its buying of 41,48,336 shares of the Company at prevailing market price through Dhaka Stock Exchange Limited as per declaration disseminated on 15.03.2022.
- Buy Intimation
Sheltech Ceramics Limited (where Mr. Kutubuddin Ahmed and Mr. Tanvir Ahmed are the Directors (Chairman & Sponsor Director) of Envoy Textiles Limited and they are also the Chairman and Managing Director of Sheltech Ceramics Limited), has expressed its intention to buy of 33,64,695 shares of the Company at prevailing market price (in the Block market) through Dhaka Stock Exchange Limited.
- Buy Intimation
Envotech Aviation Limited (where Mr. Kutubuddin Ahmed and Mr. Tanvir Ahmed are the Directors (Chairman & Sponsor Director) of Envoy Textiles Limited and they are also the Chairman and Managing Director of Envotech Aviation Limited), has expressed its intention to buy of 41,48,336 shares of the Company at prevailing market price (in the Block market) through Dhaka Stock Exchange Limited.
- Buy Declarations of a Director
Ms. Sumayyah Ahmed, one of the Directors of the company, has expressed her intention to buy 43,79,562 shares of the Company at prevailing market price (in the Block market) through Dhaka Stock Exchange within next 30 working days.
- Buy Declarations of a Sponsor Director
Mr. Kutubuddin Ahmed, one of the Sponsor Directors of the company, has expressed his intention to buy 43,79,564 shares of the Company at prevailing market price (in the Block market) through Dhaka Stock Exchange within next 30 working days, as per Rule-4 of the BSEC (Substantial Acquisition of shares and Takeovers), Rules, 2018.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 1.17 for October-December 2021 as against Tk. 0.24 for October-December 2020; EPS was Tk. 1.37 for July-December 2021 as against Tk. 0.37 for July-December 2020. NOCFPS was Tk. 1.28 for July-December 2021 as against Tk. 4.73 for July-December 2020. NAV per share was Tk. 38.66 as on December 31, 2021 and Tk. 37.79 as on June 30, 2021.
- Consent of fully redeemable non-convertible Cumulative Pref. shares
(Continuation news of ENVOYTEX): placement to finance the upcoming project expansion program for the production of blended yarn and to prepay a portion of high-cost borrowing. The said preference shares shall be fully redeemable cumulative non-convertible within 5 years and to be redeemed the principal amount by yearly equal installments commencing from the first - year end from the date of subscription. Dividend will be paid semi-annually in arrear basis at a fixed rate. (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 29, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended June 30, 2021 to the respective shareholders.
- Sale and Buy Confirmation of Corporate Sponsor & Sponsor Director
Fontina Fashion Limited, one of the Corporate Sponsors of the Company, has further reported that it has completed sale of 24,01,832 shares whereas Mr. Kutubuddin Ahmed, one of the Sponsor Directors of the company, has further reported that he has completed his buy of 24,01,832 shares of the company at prevailing market price through Dhaka Stock Exchange as per declaration disseminated on 30.12.2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.