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 2024 (37).
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended June 30, 2024 to the respective shareholders.
- Q1 Financials
(Q1 Un-audited): Diluted EPS was Tk. 1.51 for July-September 2024 as against Tk. 0.65 for July-September 2023; NOCFPS was Tk. 0.48 for July-September 2024 as against Tk. (0.57) for July-September 2023. NAV per share was Tk. 53.44 as on September 30, 2024 and Tk. 51.93 as on June 30, 2024.
- Regarding establishment of a Spinning Project Expansion Unit
The Board of Directors of the company has approved an initiative to establish a Spinning Project Expansion Unit at their existing factory premises. The project aims to enhance production capacity by 4,550 metric tons annually, focusing on the production of cotton-polyester-spandex core-spun yarn. The total estimated cost of the project is BDT 973.00 million, to be financed through a combination of 30% equity (BDT 291.90 million) from retained earnings and (cont.) (Cont. news of ENVOYTEX):70% debt (BDT 681.10 million) from bank borrowings. The project is expected to be completed by December 2025. This expansion project will feature state-of-the-art ring spinning production facilities equipped with European and Japanese machinery. Approximately 60% of the yarn produced will be utilized in-house for denim production, while the remaining 40% will cater to the deemed export market. The project is expected to achieve a payback period of 4.53 years. (end)
- 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 09, 2024 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2024.
- Resumption after record date
Trading of the shares of the company will resume on 01.10.2024.
- Buy Confirmation
Cosmopolitan Industries (Pvt.) Limited (where Mr. Tanvir Ahmed and Mr. Sunil Daulatram Daryanani are common directors of both Envoy Textiles Ltd. and Cosmopolitan Industries (Pvt.) Limited) has further informed that it has completed its buying of 3,600,000 shares of Envoy Textiles Limited at prevailing market price as per news disseminated on 24.09.2024.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 30.09.2024.
- 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 with cum benefit from 26.09.2024 to 29.09.2024 and trading of the shares of the company will remain suspended on record date i.e., 30.09.2024.
- Buy Intimation
Cosmopolitan Industries (Pvt.) Limited (where Mr. Tanvir Ahmed and Mr. Sunil Daulatram Daryanani are common directors of both Envoy Textiles Ltd. and Cosmopolitan Industries (Pvt.) Limited) has expressed its intention to buy 3,600,000 shares of Envoy Textiles Limited at prevailing market price (in the Block Market).
- Emphasis of Matter
The auditor of the company has given the "Emphasis of Matter" paragraph 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/September/ENVOYTEX_2024.pdf
- The company has informed that the Board of Directors has approved the establishment of a Waste Fabric Recycling Plant at
The company has informed that the Board of Directors has approved the establishment of a Waste Fabric Recycling Plant at their existing factory premises. This plant will process both local and in-house pre-industrial and post-consumer waste fabrics, converting them into high-quality recycled fiber. The plant is designed to process 12 MT of waste fabrics per day, with a 98\% recovery rate of input material into recycled fiber. (cont.)
- Dividend Declaration
The Board of Directors has recommended 20.00% cash dividend for the year ended on 30-Jun-2024. Date of AGM: 02-Nov-2024, Time: 11:00 AM, Venue: Hybrid System. Physical Location: Gulshan Shooting Club, Gulshan Avenue, beside Police Plaza, Dhaka-1212. Record Date: 30-Sep-2024. The Company has also reported EPS of Tk. 3.58, NAV per share of Tk. 51.93 and NOCFPS of Tk. 3.68 for the year ended June 30, 2024 as against Tk. 1.95, Tk. 38.57 and Tk. 6.99 respectively for the year ended June 30, 2023.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (08.09.2024) following its corporate declaration.
- Regarding establishment of a Waste Fabric Recycling Plant
(Cont. news of ENVOYTEX): The total project investment is estimated at BDT 237.04 million, funded through a debt-to-equity ratio of 70:30. (end)
The first part of this announcement is missing from the archive. - 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 05-Sep-2024 at 03:00 PM to consider, among others, audited financial statements of the Company for the year ended on 30-Jun-2024.
- Regarding Assets Revaluation
The company has informed that the Board of Directors has accepted the Valuation Report on the company's land properties. This revaluation was limited exclusively to the company's land property, with other asset classes remaining unchanged. Before revaluation, the amount of Property, Plant & Equipment was BDT 10,575,209,751.00. After revaluation, the amount of Property, Plant & Equipment will be BDT 12,470,372,054.00, subject to auditors' confirmation.
- The company has informed that the Board of Directors of the company, at its meeting held on 28 May 2024, has decided to
The company has informed that the Board of Directors of the company, at its meeting held on 28 May 2024, has decided to revaluate the company\'s assets to reflect the fair value of the company\'s financial position more accurately. The revaluation will focus exclusively on the company\'s land property. This includes a total of 3,969.97 decimals of land situated in the factory compound at Mouza: Jamirdia, PS: Valuka, District: Mymensingh, and an additional 16.18 decimals of land (cont.)
- Decision to revaluate assets
(Continuation news of ENVOYTEX): at the corporate head office, located at 18/E, Lake Circus, West Panthapath, Kalabagan, Dhaka-1205. Other asset classes will remain unchanged. This approach ensures a precise enhancement of the company's asset base, reflecting true market values and positively impacting the company's equity ratio. An eligible valuer has been appointed by the Board for this purpose at the same meeting. (end)
The first part of this announcement is missing from the archive. - Q3 Financials
(Q3 Un-audited): Diluted EPS was Tk. 1.18 for January-March 2024 as against Tk. 0.53 for January-March 2023; Diluted EPS was Tk. 2.62 for July 2023-March 2024 as against Tk. 1.75 for July 2022-March 2023. NOCFPS was Tk. 3.05 for July 2023-March 2024 as against Tk. 2.60 for July 2022-March 2023. NAV per share was Tk. 39.68 as on March 31, 2024 and Tk. 38.57 as on June 30, 2023.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended June 30, 2023 to the respective shareholders.
- 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 28, 2024 at 04:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2024.
- Change of Date and Venue of AGM
Refer to their earlier news disseminated by DSE on 24.01.2024 regarding dividend declaration, the company has further informed that the Board of Directors has decided to reschedule the 28th AGM of the company from March 13, 2024 to March 28, 2024. The meeting is now scheduled to be held at Gulshan Shooting Club, Gulshan Avenue, Dhaka instead of the previously announced venue. All other information will remain unchanged.
- Credit Rating Result
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the surveillance entity rating of the Company as "AA1" in the long term and "ST-1" in the short term along with Stable outlook based on audited financial statements up to June 30, 2023; un-audited financial statements of December 31, 2023; bank liability position as on December 31, 2023 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Resumption after record date
Trading of the shares of the company will resume on 18.02.2024.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 15.02.2024.
- 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 with cum benefit from 13.02.2024 to 14.02.2024 and trading of the shares will remain suspended on record date i.e., 15.02.2024.
- Decision to hold postponed EGM
Refer to their earlier news disseminated by DSE on 29.01.2024 regarding postponement of EGM, the Company has further informed that the Board of Directors of the Company has decided to convene the earlier postponed EGM on March 02, 2024 at 10:00 am. The meeting will be conducted Physically at Auditorium Hall-1, Gulshan Shooting Club, Gulshan Avenue, Beside Police Plaza, Dhaka 1212.
- Postponement of EGM
Refer to their earlier news disseminated by DSE on 13.12.2023 regarding decision to hold EGM, the company has further informed that due to a prohibitory Court Order the EGM has been postponed until further notice.
- The Board of Directors has recommended 15\% Cash dividend for the year ended June 30, 2023. Date of AGM: 13.03.2024, Tim
The Board of Directors has recommended 15\% Cash dividend for the year ended June 30, 2023. Date of AGM: 13.03.2024, Time: 11:00 AM, Venue: The AGM will be conducted through a hybrid system at Envoy Tower, 14th Floor, 18/E Lake Circus Kalabagan. Members will have the option to participate either in person at the specified location or virtually through Digital Platform. Record date: 15.02.2024. (cont.)
- Q2 Financials
(Q2 Un-audited): Diluted EPS was Tk. 0.80 for October-December 2023 as against Tk. 0.59 for October-December 2022; Diluted EPS was Tk. 1.45 for July-December 2023 as against Tk. 1.23 for July-December 2022. NOCFPS was Tk. 0.30 for July-December 2023 as against Tk. 2.21 for July-December 2022. NAV per share was Tk. 40.01 as on December 31, 2023 and Tk. 38.57 as on June 30, 2023.
- Q1 Financials
(Q1 Un-audited): Diluted EPS was Tk. 0.65 for July-September 2023 as against Tk. 0.64 for July-September 2022; NOCFPS was Tk. (0.57) for July-September 2023 as against Tk. 0.80 for July-September 2022. NAV per share was Tk. 39.21 as on September 30, 2023 and Tk. 38.57 as on June 30, 2023.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (24.01.2024) following its corporate declaration.
- Dividend Declaration
(Cont. news of ENVOYTEX): The Company has also reported EPS of Tk. 1.95, NAV per share of Tk. 38.57 and NOCFPS of Tk. 6.99 for the year ended June 30, 2023 as against Tk. 2.99, Tk. 38.21 and Tk. 3.43 respectively for the year ended June 30, 2022. (end)
The first part of this announcement is missing from the archive. - 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 January 23, 2024 at 3:30 PM to consider, among others, audited financial statements of the company for the year ended 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 January 23, 2024 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2023 and Second Quarter (Q2) period ended December 31, 2023.
- Resumption after Record date
Trading of the shares of the company will resume on 04.01.2024.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 03.01.2024 for EGM.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.