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 2023 (40).
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.02 for July-September 2023 as against Tk. (0.06) for July-September 2022; NOCFPS was Tk. (0.68) for July-September 2023 as against Tk. (0.90) for July-September 2022. NAV per share was Tk. 11.00 as on September 30, 2023 and Tk. 10.98 as on 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 November 14, 2023 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2023.
- Resumption after Record date
Trading of the shares of the company will resume on 13.11.2023.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 12.11.2023.
- The auditor of the company has given the \"Emphasis of Matters\" paragraphs in the Auditor\'s Report of the company for
The auditor of the company has given the \"Emphasis of Matters\" paragraphs in the Auditor\'s Report of the company for the year ended June 30, 2023. To view the details, please visit: https://www.dsebd.org/assets/pdf/empFAR_Chemical_Industries_Limited30_June_2023.pdf
- 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 from 08.11.2023 to 09.11.2023 and trading of the shares will remain suspended on record date i.e., 12.11.2023.
- Refer to their earlier news disseminated by DSE on 05.10.2023 regarding amalgamation of S.F. Textile Industries Limited
Refer to their earlier news disseminated by DSE on 05.10.2023 regarding amalgamation of S.F. Textile Industries Limited with the company, the company has further informed that a meeting of the Board of Directors of FAR Chemical & Textile Ind. PLC (Transferee Company) and S.F. Textile Industries Limited (Transferor Company) held on October 31, 2023 on Company Matter No. 83 Of 2022 for amalgamation of S.F. Textile Industries Limited (SFTIL) with FAR Chemical Industries Limited (FARCHEM), (cont.1)
- (Cont. news of FARCHEM): as per the Judgment and Order of the Honorable High Court Division of the Supreme Court of Bang
(Cont. news of FARCHEM): as per the Judgment and Order of the Honorable High Court Division of the Supreme Court of Bangladesh, Dated on: 28th November, 2022 in terms of the Scheme of Amalgamation. The company also informed that the following resolutions were passed: Resolution No. 01). Both the companies director were unanimously decided to amalgamate the Authorized Share Capital that would be Tk. 5,010,000,000/- (Taka Five Hundred and One Crore) (cont.2)
The first part of this announcement is missing from the archive. - (Cont. news of FARCHEM): only divided into 501,000,000 (Fifty Crore and Ten Lac) Ordinary Shares of Tk. 10/-(Ten) each,
(Cont. news of FARCHEM): only divided into 501,000,000 (Fifty Crore and Ten Lac) Ordinary Shares of Tk. 10/-(Ten) each, encompassing Pre-merger by FAR Chemical & Textile Ind. PLC: 300,000,000 (Thirty Crore) Ordinary Shares of Tk. 10/(Ten) each and S.F. Textile Industries Ltd: 201,000,000 (Twenty Crore and Ten Lac) Ordinary Shares of Tk. 10/-(Ten) each. Further resolved that; necessary alteration to be made in this regard by the Transferee Company (cont.3)
The first part of this announcement is missing from the archive. - (Cont. news of FARCHEM): (FAR Chemical & Textile Ind. PLC) in its Memorandum of Association and Articles of Association.
(Cont. news of FARCHEM): (FAR Chemical & Textile Ind. PLC) in its Memorandum of Association and Articles of Association. Resolution No. 02). Both the companies\' director decided unanimously to allot Ordinary Share Capital of Tk. 803,995,250 divided into 80,399,525 ordinary shares of Tk. 10 (Ten) each to the shareholders of Transferor Company (S.F. Textile Industries Ltd) from the amalgamated company (Transferee Company-FAR Chemical & Textile Ind. PLC). (cont.4)
The first part of this announcement is missing from the archive. - (Cont. news of FARCHEM): Resolution No. 03). Both the companies\' director decided unanimously to amalgamate the financi
(Cont. news of FARCHEM): Resolution No. 03). Both the companies\' director decided unanimously to amalgamate the financial statements of the Transferor Company (S.F. Textile Industries Ltd) and the Transferee Company (FAR Chemical & Textile Ind. PLC) as on 31 October 2023. Resolution No. 04). Both the companies director were unanimously decided to form a new Board of Directors for the amalgamated company and elect its Chairman and (cont.5)
The first part of this announcement is missing from the archive. - TREC Holder companies to be cautious while trading shares of FARCHEM
Following the resumption of FARCHEM after amalgamation, the TREC holder companies are hereby requested to be cautious while trading shares of FARCHEM on behalf of their clients and ensure that the clients' shareholding status is in line with the CDBL report.
- Board decision regarding amalgamation
(Cont. news of FARCHEM): Managing Director as stated below: 1) Mr. Abid Mustafizur Rahman (Chairman) and 2) Mr. Akik Habibuzzaman (Managing Director). Resolution No. 05). After a threadbare discussion directors decided unanimously that amalgamation activities shall be completed under the supervision of amalgamated company's new board of directors. (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 01.11.2023.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 31.10.2023 for amalgamation purpose.
- Spot News for amalgamation purpose
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 29.10.2023 to 30.10.2023 and trading of the shares will remain suspended on record date i.e., 31.10.2023 for amalgamation purpose.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (19.10.2023) following its corporate declaration. However, the floor price shall be applicable accordingly.
- Dividend Declaration
The Board of Directors has recommended No Dividend for the year ended June 30, 2023. Date of AGM: 21.12.2023, Time: 12:00 PM, Venue: Digital Platform. Record Date: 12.11.2023. The Company has also reported EPS of Tk. (1.12), NAV per share of Tk. 10.98 and NOCFPS of Tk. (2.52) for the year ended June 30, 2023 as against Tk. (0.39), Tk. 12.10 and Tk. 2.49 respectively for the year ended June 30, 2022.
- 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 18, 2023 at 4:30 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2023.
- Refer to their earlier news disseminated by DSE on 05.10.2023 regarding amalgamation of S.F. Textile Industries Limited
Refer to their earlier news disseminated by DSE on 05.10.2023 regarding amalgamation of S.F. Textile Industries Limited with the company, the Company has fixed the record date on October 31, 2023 for entitlement of shares. Date of appointment: October 31, 2023. On date of appointment, the following work will be accomplished: (cont.)
- Fixation of record date for entitlement of shares
(Continuation news of FARCHEM): a. Formation of new Board of Directors (From Existing Board of Directors of both companies), b. Amalgamated Accounts (transferor & transferee) as on 31st October, 2023 will be prepared & published. (end)
The first part of this announcement is missing from the archive. - Refer to their earlier news disseminated by DSE on 08.01.2023 regarding final Judgement and Order of the Hon\'ble Court
Refer to their earlier news disseminated by DSE on 08.01.2023 regarding final Judgement and Order of the Hon\'ble Court regarding Amalgamation, the company has further informed that Bangladesh Securities and Exchange Commission (Ref: BSEC/LSD/CM-83/2022/993/1414, Dated: October 01, 2023) has given instruction to follow the Judgment and Order (cont.)
- Amalgamation of S.F. Textile Industries Limited with the company
(Continuation news of FARCHEM): of the Honorable High Court Division of the Supreme Court of Bangladesh, dated 28.11.2022 in connection to the company matter No. 83 of 2022 regarding amalgamation of S.F. Textile Industries Limited with FAR Chemical Industries Limited. (end)
The first part of this announcement is missing from the archive. - Emerging Credit Rating Limited (ECRL) has initially rated the Company as \"B-\" in the long term and \"ST-5\" in the sho
Emerging Credit Rating Limited (ECRL) has initially rated the Company as \"B-\" in the long term and \"ST-5\" in the short term along with Stable outlook.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. (0.31) for January-March 2023 as against Tk. (0.17) for January-March 2022; EPS was Tk. (0.56) for July 2022-March 2023 as against Tk. (0.33) for July 2021-March 2022. NOCFPS was Tk. (2.50) for July 2022-March 2023 as against Tk. 2.57 for July 2021-March 2022. NAV per share was Tk. 11.55 as on March 31, 2023 and Tk. 12.10 as on June 30, 2022.
- 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, 2023 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2023.
- Emerging Credit Rating Limited (ECRL) has assigned Initial credit rating of the Company as \"B-\" in the long term and \
Emerging Credit Rating Limited (ECRL) has assigned Initial credit rating of the Company as \"B-\" in the long term and \"ST-5\" in the short term along with stable outlook based on audited financial statements of the Company up to June 30, 2022, first quarter unaudited financial statement of FY2023 and other relevant quantitative as well as qualitative information up to the date of rating.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. (0.18) for October-December 2022 as against Tk. (0.13) for October-December 2021; EPS was Tk. (0.24) for July-December 2022 as against Tk. (0.16) for July-December 2021. NOCFPS was Tk. (2.16) for July-December 2022 as against Tk. 2.56 for July-December 2021. NAV per share was Tk. 11.86 as on December 31, 2022 and Tk. 12.10 as on June 30, 2022.
- 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 30, 2023 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2022.
- (Correction News): Refer to their earlier news disseminated by DSE on 08.01.2023 regarding Final Judgement and Order of
(Correction News): Refer to their earlier news disseminated by DSE on 08.01.2023 regarding Final Judgement and Order of the Hon\'ble Court regarding Amalgamation, existing shares of SFTIL and FARCHEM are in Tk. 1,576,956,300.00 and Tk. 2,180,934,230.00 respectively with total shares in Tk. 3,757,890,530.00 instead of existing shares 1,576,956,300, 2,180,934,230 and 3,757,890,530 respectively. (cont.)
- Final Judgement & Order of the Court on Amalgamation (Correction News)
(Continuation news of FARCHEM): Post-merger shares of SFTIL and FARCHEM are in Tk. 803,995,250.00 and Tk. 726,978,080.00 respectively with total shares in Tk. 1,530,973,330.00 instead of post-merger shares 803,995,250, 726,978,080 and 1,530,973,330 respectively. Other information will remain unchanged. (end)
The first part of this announcement is missing from the archive. - Refer to their earlier news disseminated by DSE on 11.05.2022 regarding Approval of Scheme of merger/amalgamation in EGM
Refer to their earlier news disseminated by DSE on 11.05.2022 regarding Approval of Scheme of merger/amalgamation in EGM, the company has further informed that the Honorable High Court Division of the Supreme Court of Bangladesh has given Final Judgement and Order vide Company Matter No. 83 of 2022 for amalgamation of S.F. Textile Industries Limited (SFTIL) with FAR Chemical Industries Limited (FARCHEM) according to the terms of the Scheme of Amalgamation. (cont.1)
- (Continuation news of FARCHEM): According to scheme of Merger/Amalgamation, the merger shall be deemed to have been effe
(Continuation news of FARCHEM): According to scheme of Merger/Amalgamation, the merger shall be deemed to have been effective on the date that all the Conditions have been satisfied and the certified copy of the Order made by the High Court Division is filed with the RJSC for Merger (the \"Effective Date\"). As per the Judgement and Order, and as per the terms of the Scheme of Amalgamation, S.F. Textile Industries Limited will be merged with FAR Chemical Industries Limited (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of FARCHEM): as per the following consideration, among others:1. Upon this amalgamation coming into e
(Continuation news of FARCHEM): as per the following consideration, among others:1. Upon this amalgamation coming into effect, S.F. Textile Industries Limited (the Transferor Company) shall stand dissolve without winding up and all of its assets and liabilities shall be transferred to and vested in FAR Chemical Industries Limited (the Transferee Company). 2. All existing equity shares of the S.F. Textile Industries Limited (SFTIL) and FAR Chemical Industries Limited (FARCHEM) (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of FARCHEM): held either directly or through nominees shall be stand cancelled. 3. In the amalgamatio
(Continuation news of FARCHEM): held either directly or through nominees shall be stand cancelled. 3. In the amalgamation, the exchange ratio for the shares of FAR Chemical Industries Limited with the shares of S.F. Textile Industries Limited, as per the terms of the Scheme and the Court Order has been arrived at 3:1.9614 for paid up capital. 4. FAR Chemical Industries Limited, the post-merger entity, shall issue and allot to the Shareholders of S.F. Textile Industries Limited (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of FARCHEM): whose names are recorded in the register of members of the S.F. Textile Industries Limit
(Continuation news of FARCHEM): whose names are recorded in the register of members of the S.F. Textile Industries Limited or to any other person as may be nominated by the Shareholders(s) up to 80,399,525 ordinary shares of Tk. 10.00 each in against exchange of 157,695,630 shares of the S.F. Textile Industries Limited\'s total fully paid up equity capital at a share consideration exchange ratio of 1 for 1.9614 shares held i.e., 1 new share of FAR Chemical Industries Limited (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of FARCHEM): to be issued for existing 3 shares held in FAR Chemical Industries Limited (pre-merger).
(Continuation news of FARCHEM): to be issued for existing 3 shares held in FAR Chemical Industries Limited (pre-merger). 6. Hence, the re-structured Paid-up Capital Structure will be as following- SFTIL new 1 for existing 1.9616 and FARCHEM new 1 for existing 3. Existing shares of SFTIL and FARCHEM are 1,576,956,300 and 2,180,934,230 respectively with total shares of 3,757,890,530. Post-merger shares of SFTIL and FARCHEM are 803,995,250 and 726,978,080 respectively (cont.7)
The first part of this announcement is missing from the archive. - (Continuation news of FARCHEM): with total shares of 1,530,973,330. 7. Post-merger Authorized share capital of FAR Chemi
(Continuation news of FARCHEM): with total shares of 1,530,973,330. 7. Post-merger Authorized share capital of FAR Chemical Industries Limited will be Tk. 5,010,000,000.00 only encompassing Tk. 3,000,000,000.00 of FAR Chemical Industries Ltd. and Tk. 2,010,000,000 of S.F. Textile Industries Ltd. as per the Judgment and Order. 8. All others will be complied as per the Judgment and Order in terms of the Scheme of Amalgamation. (end)
The first part of this announcement is missing from the archive. - Final Judgement and Order of the Hon'ble Court regarding Amalgamation
(Continuation news of FARCHEM): (post-merger) to be issued for existing 1.9614 shares held in S.F. Textile Industries Limited. 5. The existing Shareholders of the FAR Chemical Industries Limited shall be entitled up to 72,697,808 ordinary shares of Tk. 10.00 each, in against exchange of existing 218,093,423 no. of shares of the FAR Chemical Industries Limited at a share consideration exchange ratio of 1 for 3 shares held i.e., 1 new share of FAR Chemical Industries Limited (post-merger) (cont.6)
The first part of this announcement is missing from the archive. - Address Change of Registered Office
The Company has informed that the Registered Office of the Company has been shifted to its new address at Village: Mir Kutir Chao, Post Office: Mura Para, PS: Rupgonj, District: Narayangonj.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.