FAR Chemical & Textile Ind. PLC announcements
215 Dhaka Stock Exchange announcements for FAR Chemical & Textile Ind. PLC (FARCHEM) since 2014: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2015 (22).
- Dividend Disbursement
The Company has informed that it has credited the bonus shares for the year ended on June 30, 2015 to the respective shareholders BO Accounts on November 25, 2015.
- Q1 Financials
EPS for July-September, 2015 was Tk. 1.21 as against Tk. 0.44 for July-September, 2014; NOCFPS was Tk. 0.14 for July-September, 2015 as against Tk. (0.48) for July-September, 2014. NAV per share was Tk. 18.86 as of September 30, 2015 and Tk. 17.66 as of June 30, 2015.
- 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 21, 2015 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2015.
- Resumption News after Record date for AGM & EGM
Normal trading of the shares of the Company will resume on 28.10.2015 after record date for AGM and EGM.
- Suspension News for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 27.10.2015 for AGM and EGM.
- Spot News for AGM and 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 with cum benefit from 25.10.2015 to 26.10.2015. Trading of the shares of the Company will remain suspended on record date i.e., 27.10.2015 for AGM and EGM.
- Dividend Declaration & increase of Authorized Capital
The Board of Directors has recommended 25% stock dividend for the year ended on June 30, 2015. The Board has also decided to increase Authorized Capital of the Company from Tk. 131.00 crore to Tk. 300.00 crore subject to approval in EGM and Regulatory Authorities. Date of EGM & AGM: 18.11.2015, Time of EGM & AGM: 11:00 AM & 11:30 AM Venue: Bir Chandra Nagar Gono Pathagar and Nagar Milaynayatan (Town Hall) Kandirpar, Comilla. Record Date for EGM and AGM: 27.10.2015. The Company has also reported EPS of Tk. 2.73, NAV per share of Tk. 17.66 and NOCFPS of Tk. 0.13 for the year ended on June 30, 2015.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (07.10.2015) following its corporate declaration.
- 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 06, 2015 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2015.
- Land Purchase
The Company has further informed that it has purchased 20.12 decimal of land at 2nd phase at a cost of Tk. 34,65,710.00 only including Registration and other cost at Rupganj, Narayanganj as per earlier decision of the Board of Directors for expansion of its 2nd Unit for Dyes and Chemical Factory of the Company.
- Query Response
In response to a DSE query dated August 10, 2015, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.
- Land Purchase at 1st phase for expansion of 2nd Unit of the Company
The Company has further informed that it has purchased 27 decimal of land at 1st phase at a cost of Tk. 46,91,100.00 including Registration and other cost at Rupganj, Narayanganj out of 200 decimal as per earlier decision of the Board of Directors for expansion of its 2nd Unit for Dyes and Chemical Factory of the Company.
- Land Purchase for expansion of 2nd Unit of the Company
The Company has informed that the Board of Directors has decided to purchase a land measuring area of 200.00 decimal at Rupganj, Narayanganj for expansion of 2nd Unit for Dyes and Chemical Factory of the Company.
- Query Response
In response to a DSE query dated May 19, 2015, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.
- Q3
Net Profit after tax from Jan15 to March15 was Tk. 113.37 million with EPS of Tk. 1.04 as against Tk. 60.63 million and Tk. 0.77 respectively for the same period of the previous year. Whereas Net Profit after tax from July14 to March15 was Tk. 263.86 million with EPS of Tk. 2.42 as against Tk. 267.30 million and Tk. 3.38 respectively for the same period of the previous year.
- Confirmation of Sale by Sponsors
Abdul Kader Faruk, one of the Sponsors of the Company, has further reported that he has completed his sale of entire holding of 39,00,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Confirmation of sale by Sponsor
Shirin Faruk, one of the Sponsors of the Company, has further reported that she has completed her sale of 16,20,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Confirmation of sale by Sponsor/ Director
Faiaz Kader, one of the Sponsors/Directors of the Company, has further reported that he has completed his sale of 20,83,323 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Status of the shareholders provided by the Company
With reference to their earlier declaration (news disseminated by DSE on 15.02.2015), the Company has further informed that they have erroneously declared the status of Hosne Ara Begum, Rezwana Rahman Rini, Nasreen Akhter Banu and Jahadha Khondoker as the Sponsors of the Company instead of Placement Holders. This is for kind information of all the concerned parties.
- Declaration of sale by Sponsors
Nasreen Akhter Banu and Jahadha Khondoker, both are Sponsors of the Company, have expressed their intention to sell 5,00,000 shares and 80,000 shares out of their total holding of 39,29,500 shares and 2,40,000 shares respectively at prevailing market price through Stock Exchange within next 30 working days. Hosne Ara Begum, Rezwana Rahman Rini and Shirin Faruk, all are Sponsors of the Company, have expressed their intention to sell 5,00,000 shares, 10,00,000 shares and 16,20,000 shares out of their total holding of 39,00,000 shares, 34,00,000 shares and 39,10,000 shares respectively at prevailing market price through Stock Exchange within next 30 working days. Abdul Kader Faruk, one of the Sponsors of the Company, has expressed his intention to sell his entire holding of 39,00,000 shares of the Company at prevailing market price through Stock Exchange within next 30 working days.
- Declaration of sale by Sponsor/ Director
Faiaz Kader, one of the Sponsors/Directors of the Company, has expressed his intention to sell 20,83,323 shares (Bonus shares) out of his total holding of 1,24,99,938 shares of the Company at prevailing market price (In the Block Market) through Stock Exchange within next 30 working days.
- BSEC NEWS
BSEC NEWS: Bangladesh Securities and Exchange Commission (BSEC) has imposed penalty of Tk. 5.00 lac each to FAR Chemical Industries Ltd. and its issue manager First Securities Services Limited for non-compliance with the securities related laws.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.