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 2016 (24).
- Dividend Disbursement
The Company has informed that bonus share for the year ended on June 30, 2016 has already been credited to the respective shareholders' BO account. Cash dividend and sale proceeds of fractional stock dividend have been distributed to shareholders Bank Account through BEFTN. NRB shareholders' dividend warrant also send to shareholders address through courier service on December 06, 2016.
- Declining proposal to issue right offer & increase authorized capital
The Company has sent minutes of their 4th EGM, held on 14.11.2016, from which it is revealed that the shareholders of the company did not approve the proposal of right issuance to set up a new unit for textile Industry at Rupgonj, Narayangonj, at the rate of 1R:1 with an offer price of Tk. 15.00. Due to non issuance of right shares, the proposal of the company to increase the authorized capital of the company from TK. 300.00 crore to Tk. 500.00 crore was also declined unanimously by the shareholders.
- Q1
EPS was Tk. 0.85 for July-September, 2016 as against Tk. 0.96 for July-September, 2015; NOCFPS was Tk. 1.51 for July-September, 2016 as against Tk. 0.11 for July-September, 2015. NAV per share was Tk. 17.50 as of September 30, 2016 and Tk. 16.65 as of June 30, 2016.
- Board Meeting
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 07, 2016 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2016.
- Address Change
The Company has informed that the Corporate and Share Office of the Company will be shifted from M.L. Tower (5th Floor), 1 East Rampura, D.I.T Road, Dhaka-1219 to House No: 11 (Floor: 5-A), Road No: 12, Niketon, Gulshan-1, Dhaka-1212 with effect from October 24, 2016.
- Credit Rating Result
ARGUS Credit Rating Services Limited (ACRSL) has announced the rating of the Company as "A+" for long term and "ST-2" for short term, with Stable Outlook, in consideration of audited financials of the Company up to June 30, 2016 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Resumption after record date for EGM & AGM
Trading of the shares of the Company will resume on 20.10.2016 after record date for EGM & AGM.
- Suspension for record date for EGM & AGM
Trading of the shares of the Company will remain suspended on record date i.e., 19.10.2016 for EGM & AGM. Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from BSEC.
- Spot for AGM & 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 17.10.2016 to 18.10.2016. Trading of the shares of the Company will remain suspended on record date i.e., 19.10.2016 for EGM & AGM. Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from BSEC.
- Land Purchase at 5th phase for expansion of 2nd Unit of the Company
The Company has further informed that it has purchased total 38.12 decimals of land in two separate Khatian (18 decimals and 20.12 decimals) at 5th phase with total cost of Tk. 65,66,430.00 including Registration and other costs as per decision taken earlier by the Board of Directors for expansion of its 2nd unit of the Company at Rupgonj, Narayangonj.
- Dividend, Rights & increase of Authorized Capital
The Board of Directors has recommended 5% cash and 20% stock dividend for the year ended on June 30, 2016. The Board has also decided to issue 1R:1 Rights share at an offering price of Tk. 15.00 each including premium of Tk. 5.00 to set up a new unit for Textile Industry at Rupgonj, Narayangonj subject to approval of shareholders in the EGM and Regulatory Authority.It has also decided to increase Authorized Capital from Tk. 300.00 crore to Tk. 500.00 crore. Date of EGM & AGM: 14.11.2016, Time for EGM & AGM: 11:00 AM & 11:30 AM respectively. Venue: Bir Chandra Nagar Gono Pathagar and Nagar, Milaynayatan (Town Hall) Kandhirpar, Comilla. Record Date for EGM & AGM: 19.10.2016. The Company has also reported Basic EPS of Tk. 2.52, NAV per share of Tk. 16.65 and NOCFPS of Tk. 3.25 for the year ended on June 30, 2016 as against Tk. 2.19 (restated), Tk. 14.13 (restated) and Tk. 0.11(restated) respectively for the same period of the previous year. Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from BSEC.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (26.09.2016) following its corporate declaration.
- Furnishing 12 digits e-TIN Number
The Company has informed that the Board of Directors has decided as per Section 54 of the Income Tax Ordinance, 1984, shareholders' 12 digits e-TIN up-gradation is required through DP on or before October 19, 2016. Failure to do so, he/she will be subject to deduction of Income Tax @ 15% instead of 10% (for individual).
- Board Meeting
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 September 25, 2016 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2016.
- Land Purchase at 4th phase for expansion of 2nd Unit of the Company
The Company has further informed that it has purchased 40 decimals of land at 4th phase at a total cost of Tk. 68,88,480.00 including Registration and other costs as per earlier decision of the Board of Directors for expansion of its 2nd unit of the Company at Rupgonj, Narayangonj.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.30 for January-March, 2016 as against Tk. 0.83 for January-March, 2015; EPS was Tk. 1.94 for July, 2015-March, 2016 as against Tk. 1.93 for July, 2014-March, 2015. NOCFPS was Tk. 0.69 for July, 2015-March, 2016 as against Tk. (0.23) for July, 2014-March, 2015. NAV per share was Tk. 16.06 as of March 31, 2016 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 April 30, 2016 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2016.
- Land Purchase
The Company has further informed that it has purchased total of 26.64 decimals of land in three separate Khatian (11.86 decimal, 9.78 decimal and 05 decimal of land respectively) at 3rd phase at total cost of Tk. 48,47,700.00 including Registration and other costs at Rupgonj, Narayangonj for Dyes and Chemical Factory of the Company.
- Q2 Financials
EPS was Tk. 0.68 for October-December, 2015 as against Tk. 0.81 for October-December, 2014; EPS was Tk. 1.64 for July-December, 2015 as against Tk. 1.10 for July-December, 2014. NOCFPS was Tk. 0.71 for July-December, 2015 as against Tk. (0.37) for July-December, 2014. NAV per share was Tk. 15.77 as of December 31, 2015 and Tk. 17.66 as of June 30, 2015.
- Board Meeting
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 31, 2016 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2015.
- Completion of sale by Sponsors/Directors
Faiaz Kader, Abid Mustafizur Rahman, Rezaur Rahman Rajon, Shirin Faruk, all are Sponsors/Directors of the Company, have further reported that they have completed their sale of 2,604,153 shares, 1,256,250 shares, 1,306,250 shares and 5,72,500 shares respectively at prevailing market price through Stock Exchange as announced earlier.
- Declaration of sale
Faiaz Kader, Abid Mustafizur Rahman, Rezaur Rahman Rajon, Shirin Faruk, all are Sponsors/Directors of the Company, have expressed their intention to sell 26,04,153 shares, 12,56,250 shares, 13,06,250 shares, 5,72,500 shares (Bonus shares) out of their total holding of 1,30,20,768 shares, 62,81,250 shares, 65,31,250 shares and 28,62,500 shares respectively at prevailing market price (In the Block Market) through Stock Exchange within next 30 working days.
- Completion of sale
Kim Jung Suk, one of the Directors of the Company, has further reported that he has completed his sale of 55,01,250 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Declaration of sale by a Director
Kim Jung Suk, one of the Directors of the Company, has expressed his intention to sell 55,01,250 shares (Bonus shares) out of his total holding of 2,75,06,250 shares of the Company at prevailing market price (In the Block Market) through Stock Exchange within next 30 working days.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.