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 2022 (27).
- 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 for EGM and AGM.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (0.06) for July-September 2022 as against Tk. (0.03) for July-September 2021; NOCFPS was Tk. (0.90) for July-September 2022 as against Tk. 0.33 for July-September 2021. NAV per share was Tk. 12.04 as on September 30, 2022 and Tk. 12.10 as on June 30, 2022.
- The auditor of the Far Chemical Industries Limited has given the \"Emphasis of matter\" paragraphs in the Auditor\'s Rep
The auditor of the Far Chemical Industries Limited has given the \"Emphasis of matter\" paragraphs in the Auditor\'s Report for the year ended 30 June, 2022. Emphasis of matter: 1. We draw attention to Note # 3.20 of the financial statements that Amalgamation/merger of S.F. Textile Industries Ltd. with FAR Chemical Industries Ltd. has been decided. The application for amalgamation process has been admitted by the High Court Division of the Supreme Court of Bangladesh. (cont.1)
- (Continuation news of FARCHEM): Shareholders and the Creditors of the Company has accepted the decision of amalgamation/
(Continuation news of FARCHEM): Shareholders and the Creditors of the Company has accepted the decision of amalgamation/merger following EGMs and Creditors Meetings. 2. We draw attention to Note # 3.19 of the financial statements that the Company has shifted its chemical factory\'s plant, equipment and machineries from Cumilla EPZ to newly constructed factory at Rupgonj, Narayagonj. The company, as of the date of signing the report, could not restart the chemical factory at the new (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of FARCHEM): location, is now non-functioning of the transferred items, will require additional machi
(Continuation news of FARCHEM): location, is now non-functioning of the transferred items, will require additional machineries to run further. Hence the Company management is considering the viability of the chemical project. These events or conditions, however indicate that a material uncertainty exists in running the chemical factory. On the other hand, the company has completed construction work of spinning unit in its own premises at Rupgonj Narayangonj and has started (cont.3)
The first part of this announcement is missing from the archive. - Emphasis of matter
(Continuation news of FARCHEM): its trial production on October 17, 2022. 3. We also draw attention to Note # 13.00 of the financial statements that the Company incurred a loss BDT 24.41 crore, adjusted with Retained Earnings, on disposal of fixed assets while transferred from Cumilla EPZ to Rupganj, Narayanganj and during handover the leasehold lands to EPZ authority. (end)
The first part of this announcement is missing from the archive. - Spot News for EGM and AGM
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 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 for EGM and AGM.
- 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 14, 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.
- The Board of Directors has recommended No dividend for expansion of Spinning unit and Retained Earnings balance for the
The Board of Directors has recommended No dividend for expansion of Spinning unit and Retained Earnings balance for the year ended June 30, 2022.The Board of Directors has also decided to hold an EGM to change the name of the Company from FAR Chemical Industries Limited to FAR Chemical & Spinning Ind. Ltd or other name as approved by the Registrar of Joint Stock Companies and Firms (RJSC) subject to approval by shareholders. (cont.)
- Declaration of Dividend and Decision to hold an EGM
(Continuation news of FARCHEM): Date of AGM & EGM: 21.12.2022, Time: 12:00 PM & 1.00 PM respectively, Venue: Jam Jam Hotel & Resort Hall, Shankerpur, Cumilla. Record date for AGM & EGM: 17.11.2022. The Company has also reported EPS of Tk. (0.39), NAV per share of Tk. 12.10 and NOCFPS of Tk. 2.49 for the year ended June 30, 2022 as against Tk. (0.16), Tk. 13.71 and Tk. 2.31 respectively for the same period of the previous year. (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 4:30 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- The Company has informed that production of Spinning Unit of the Company has started today (17.10.2022) following an ina
The Company has informed that production of Spinning Unit of the Company has started today (17.10.2022) following an inaugural ceremony. Particulars of the unit of the Company are as follows: Name of Unit: Far Chemical Industries Limited- Spinning Unit; Location: Mirkutir Chao, Murapara, Rupgonj, Narayangonj; Production Capacity: 18 ton yarn per day; (cont.)
- Start of production of Spinning Unit
(Continuation news of FARCHEM): Production Status: Trial production has started today and commercial production will be started by next month; Project Cost: BDT 300.00 Crore (Approx.); Estimated Turnover of the Project: $66,600 (Approx) per day or $23,310,000 (Approx) per year; Estimated Net Profit of the project : Yearly 15% (Approx) of Annual Turnover. (end)
The first part of this announcement is missing from the archive. - Refer to their earlier news disseminated by DSE on 23.03.2022 regarding Decision to hold an EGM, the Company has further
Refer to their earlier news disseminated by DSE on 23.03.2022 regarding Decision to hold an EGM, the Company has further informed that the shareholders have approved the Scheme of Merger/Amalgamation of S.F. Textile Industries Limited with FAR Chemical Industries Limited in the EGM (con.)
- Approval of Scheme of merger/amalgamation in EGM
(Continuation news of FARCHEM): and subject to compliance with the condition as provided in the Scheme and sanction of the Scheme by the Honorable High Court Division of the Supreme Court of Bangladesh in accordance with the provision of Section 228 and 229 of the Companies Act, 1994. (end)
The first part of this announcement is missing from the archive. - Q3 Financials
(Q3 Un-audited): EPS was Tk. (0.17) for January-March 2022 as against Tk. (0.02) for January-March 2021; EPS was Tk. (0.33) for July 2021-March 2022 as against Tk. (0.04) for July 2020-March 2021. NOCFPS was Tk. 2.57 for July 2021-March 2022 as against Tk. 0.87 for July 2020-March 2021. NAV per share was Tk. 13.28 as on March 31, 2022 and Tk. 13.71 as on June 30, 2021.
- 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, 2022 at 4:00 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 13.04.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 12.04.2022 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 10.04.2022 to 11.04.2022. Trading of the shares of the Company will remain suspended on record date i.e., 12.04.2022 for EGM.
- Refer to their earlier news disseminated by DSE on 28.12.2021 regarding approved the draft scheme of amalgamation, the C
Refer to their earlier news disseminated by DSE on 28.12.2021 regarding approved the draft scheme of amalgamation, the Company has further informed that the Board of Directors has decided to hold an EGM for merger /amalgamation of S.F. Textile Industries Limited with Far Chemical Industries Limited which was filed before the Honorable High Court Division of the Supreme Court of Bangladesh. (cont.)
- Decision to hold an EGM
(Continuation news of FARCHEM): Upon preliminary hearing, the Honorable High Court Division of the Supreme Court of Bangladesh is pleased to admit the said petition. Date of EGM: 11.05.2022, Time: 11:30 AM, Venue: Jam Jam Hotel & Resort Hall, Shankerpur, Cumilla. Record Date for EGM: 12.04.2022. The creditors meeting will be held on 11.05.2022 at 1:00 PM. (end)
The first part of this announcement is missing from the archive. - 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
(Q2 Un-audited): EPS was Tk. (0.13) for October-December 2021 as against Tk. (0.02) for October-December 2020; EPS was Tk. (0.16) for July-December 2021 as against Tk. (0.03) for July-December 2020. NOCFPS was Tk. 2.56 for July-December 2021 as against Tk. 0.31 for July-December 2020. NAV per share was Tk. 13.55 as on December 31, 2021 and Tk. 13.71 as on June 30, 2021.
- 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 24, 2022 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.