Energypac Power Generation PLC announcements
115 Dhaka Stock Exchange announcements for Energypac Power Generation PLC (EPGL) since 2021: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (26).
- The auditor of the Energypac Power Generation Limited has given the \"Emphasis of Matters\" and \"Going Concern\" paragr
The auditor of the Energypac Power Generation Limited has given the \"Emphasis of Matters\" and \"Going Concern\" paragraphs in the Auditor\'s Report for the year ended 30 June 2022. Emphasis of Matter: Material Uncertainty Related to Going Concern We draw attention to Note 2.08 in the financial statements, which disclose issues related to the Group\'s ability to continue as a going concern and mitigating factors. (cont.1)
- (Continuation news of EPGL): Our opinion is not modified respect of these matters. Emphasis of Matter: We draw attention
(Continuation news of EPGL): Our opinion is not modified respect of these matters. Emphasis of Matter: We draw attention to Note 23.02 and Note 40 of the financial statements, which describes pending Income tax matters of the Company and discloses various related party transactions entered by the Group alone with regulatory implications, respectively. Note 2.08 Going concern: The Group and the Company has adequate resources to continue its operation for foreseeable future and (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of EPGL): hence, the financial statements have been prepared on going concern basis. As per managemen
(Continuation news of EPGL): hence, the financial statements have been prepared on going concern basis. As per management\'s assessment there are no materials uncertainties related to events or conditions which may cast significant doubt upon the Group or the Company\'s ability to continue as a going concern. However, due to the overall macro-economic conditions in particular slower than expected post Covid recovery. Russia-Ukraine conflict, increasing fuel price and high inflation, business (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of EPGL): performance and profitability of the Company has been adversely impacted resulting in lower
(Continuation news of EPGL): performance and profitability of the Company has been adversely impacted resulting in lower profit and higher borrowing. Furthermore, the Group has set-up three power plants as Independent Power Producer (IPP) to supply electricity to government entities (i.e. BPDB, REB) under Power Purchase Agreement (PPA). Under these PPAs, the Government is committed to purchase significant portion of power produced by the IPP. Through this (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of EPGL): mechanism which involves capacity payment, risk of project failure due to lack or buyers fo
(Continuation news of EPGL): mechanism which involves capacity payment, risk of project failure due to lack or buyers for electricity produced by an IPP is largely eliminated. Once an IPP project is timely completed and agreed capacity is achieved at the COD, the Project essentially becomes risk-free with significant future revenue guaranteed by the Government. Due to this unique feature of IPP Projects, majority portion of the Project costs are financed by the borrowings from banks which are (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of EPGL): initially provided in the form or short-term financing and at later stages converted to lon
(Continuation news of EPGL): initially provided in the form or short-term financing and at later stages converted to long term loan. As a result, during initial years of an lPP Project there could be mismatch in current assets and liabilities since borrowings are shown as current liability and the corresponding property, plant and machineries are shown as non-current assets. As the Project passes through initial years and revenues are crystallized the net current assets position also improve. (cont.6)
The first part of this announcement is missing from the archive. - (Continuation news of EPGL): In addition, due to the in receiving payments from REB / BPDB as well as the start of EPVTL
(Continuation news of EPGL): In addition, due to the in receiving payments from REB / BPDB as well as the start of EPVTL operation working capital requirement of the Group has been substantially increased. Due to these factors, as at 30 June 2022 the net current liabilities of the Group exceeded its net current assets by BDT.8,809,182,984.00 (PY:BDT. 5,230,781,448.00) which is expected to gradually improve as IPP projects would complete initial years. As at 30 June 2022, the (cont.7)
The first part of this announcement is missing from the archive. - (Continuation news of EPGL): Company\'s net current liabilities exceeded its net current assets by BDT. 2,120,553,189.00
(Continuation news of EPGL): Company\'s net current liabilities exceeded its net current assets by BDT. 2,120,553,189.00 (PY: BDT. 681,636,998). Note 23.02 Provision for Gratuity: The balance was BDT 70,053,584.00 on 30 June 2022 and the same was BDT. 70,053,584.00 on 30 June 2021. The Company operate a gratuity scheme for its eligible employees which is a defined benefit plan. Although no actuarial assessment has been done but (cont.8)
The first part of this announcement is missing from the archive. - Emphasis of Matters and Going Concern
(Continuation news of EPGL): the management consider that the existing provision reflects reasonable representation of its actual liability. Note 40.00 Related party transaction: The closing balance on 30 June 2022 was BDT 2,400,828,788.00 and the closing balance on 30 June 2021 was BDT 2,309,013,015.00 (end)
The first part of this announcement is missing from the archive. - Resumption after record date
Trading of the shares of the Company will resume on 20.11.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2022
- The company has notified to all Honorable Shareholders that, the Company (i.e., Energypac Power Generation Limited) is t
The company has notified to all Honorable Shareholders that, the Company (i.e., Energypac Power Generation Limited) is the Parent Company (99.14\% shareholding) of Energypac Power Venture Limited (EPVL). EPVL is holding 51\% share (75,032,551 no. of Ordinary Shares) of Energypac Power Venture Thakurgaon Limited (EPVTL), a HFO based 115 MW Independent Power Plant (IPP) (cont.)
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.18 for July-September 2022 as against Tk. 0.49 for July-September 2021; Consolidated NOCFPS was Tk. 2.95 for July-September 2022 as against Tk. 2.73 for July-September 2021. Consolidated NAV per share (with revaluation) was Tk. 49.39 as on September 30, 2022 and Tk. 48.18 as on June 30, 2022. Consolidated NAV per share (without revaluation) was Tk. 35.30 as on September 30, 2022 and Tk. 34.09 as on June 30, 2022.
- 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 15.11.2022 to 16.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2022.
- Decision regarding Subsidiary Company's sale of shares of another company
(Continuation news of EPGL): situated at Gauripur, Jagannathpur, Thakurgaon Sadar, Thakurgaon. The Company (EPVL) decided to sale-off the entire share (i.e., 75,032,551 no. of Ordinary Share) of EPVTL. The BOD of the Company (EPGL) agreed with the decision of EPVL and forwarded it to Annual General Meeting (AGM) for final approval. (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 November 13, 2022 at 4:00 PM to consider, among others, un-audited financial statements of the company for the First Quarter (Q1) period ended September 30, 2022.
- (Continuation news of EPGL): as against Tk. 2.30, Tk. 49.01, Tk. 34.92 and Tk. 9.21 respectively for the same period of
(Continuation news of EPGL): as against Tk. 2.30, Tk. 49.01, Tk. 34.92 and Tk. 9.21 respectively for the same period of the previous year. Reasons for significant deviation in EPS & NOCFPS: EPS has been decreased due to increased weighted average number of shares outstanding and (Cont.2)
The first part of this announcement is missing from the archive. - The Board of Directors has recommended 10\% cash dividend for the year ended June 30, 2022. Date of AGM: 08.12.2022, Tim
The Board of Directors has recommended 10\% cash dividend for the year ended June 30, 2022. Date of AGM: 08.12.2022, Time: 3:30 PM, Venue: Digital Platform. Record Date: 17.11.2022. The Company has also reported Consolidated EPS of Tk. 0.38, Consolidated NAV per share (with revaluation) of Tk. 48.18, Consolidated NAV per share (without revaluation) of Tk. 34.09 and Consolidated NOCFPS of Tk. (5.48) for the year ended June 30, 2022 (Cont.1)
- Dividend Declaration
(Continuation news of EPGL): foreign currency transactional & translation loss. Net operating cash flow per share (NOCFPS) has been decreased due to a slowdown of credit recovery. On the other hand, one of the subsidiaries commenced its operation from 1st February 2022. All bills from BPDB were in trade receivable as on 30 June 2022. (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 (30.10.2022) following its corporate declaration. However, as per the BSEC Order No. BSEC/CMRRCD/2001-07/39 dated July 28, 2022, the floor price shall be applicable accordingly.
- 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 27, 2022 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- Q3 Financials
(Continuation news of EPGL): Consolidated NAV (with Revaluation) per share was Tk. 60.05 as on March 31, 2022 and Tk. 57.72 as on June 30, 2021. Consolidated NAV (without Revaluation) per share was Tk. 46.72 as on March 31, 2022 and Tk. 44.39 as on June 30, 2021. (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 26, 2022 at 3:30 PM to consider, among others, un-audited financial statements of the company for the Third Quarter (Q3) period ended March 31, 2022.
- Category Change
The Company will be placed in 'A' category from existing 'N' category with effect from March 02, 2022 as the Company has reported disbursement of 10% cash dividend for the year ended June 30, 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.
- Q2 Financials
(Continuation news of EPGL): Consolidated NAV per share (with revaluation) was Tk. 58.62 as on December 31, 2021 and Tk. 57.72 as on June 30, 2021. Consolidated NAV per share (without revaluation) was Tk. 45.29 as on December 31, 2021 and Tk. 44.39 as on June 30, 2021. (end)
The first part of this announcement is missing from the archive.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.