Federal Insurance PLC announcements
386 Dhaka Stock Exchange announcements for Federal Insurance PLC (FEDERALINS) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2021 (20).
- Credit Rating Information and Services Limited (CRISL) has assigned the CPA (Claim Paying Ability) Rating of the Company
Credit Rating Information and Services Limited (CRISL) has assigned the CPA (Claim Paying Ability) Rating of the Company as \"AA-\" along with a stable outlook in consideration of audited financials up to December 31, 2020, unaudited financials up to September 30, 2021 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.20 for July-September, 2021 as against Tk. 0.15 for July-September, 2020; EPS was Tk. 0.72 for January-September, 2021 as against Tk. 0.55 for January-September, 2020. NOCFPS was Tk. 1.94 for January-September, 2021 as against Tk. 1.29 for January-September, 2020. NAV per share was Tk. 12.06 as on September 30, 2021 and Tk. 11.81 as on December 31, 2020.
- 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 October 28, 2021 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2021.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended on December 31, 2020 to the respective shareholders.
- Category Change
The Company will be placed in 'A' category from existing 'B' category with effect from today i.e. September 06, 2021 as the Company has reported disbursement of 5% cash and 5% stock dividend for the year ended on December 31, 2020.
- Prohibition on providing loan facilities to purchase securities
DSE NEWS: The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase security of Federal Insurance Company Ltd. in between 1st to 30th trading day after change of categorization, with effect from today i.e. September 06, 2021 as per BSEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated October 27, 2015.
- Dividend Disbursement
The Company has informed that it has credited the Bonus shares for the year ended on December 31, 2020 to the respective shareholders' BO Accounts on August 17, 2021. The payment of the sale proceeds of fraction bonus shares will be distributed within the stipulated time to the concern shareholders'.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.23 for April-June 2021 as against Tk. 0.15 for April-June 2020; EPS was Tk. 0.55 for January-June 2021 as against Tk. 0.42 for January-June 2020. NOCFPS was Tk. 1.38 for January-June 2021 as against Tk. 0.61 for January-June 2020. NAV per share was Tk. 12.95 as on June 30, 2021 and Tk. 12.40 as on December 31, 2020.
- 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 August 04, 2021 at 1:15 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2021.
- Trading of the shares of the Company will resume on 08.07.2021 after record date.
Trading of the shares of the Company will resume on 08.07.2021 after record date.
- Trading of the shares of the Company will remain suspended on record date i.e., 07.07.2021.
Trading of the shares of the Company will remain suspended on record date i.e., 07.07.2021.
- Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled
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 today i.e. 05.07.2021 to 06.07.2021. Trading of the shares of the Company will remain suspended on record date i.e., 07.07.2021.
- The auditor of the Federal Insurance Company Ltd. has given the "Emphasis of Matter" paragraphs in the Auditor's Report
The auditor of the Federal Insurance Company Ltd. has given the "Emphasis of Matter" paragraphs in the Auditor's Report for the year ended on 31 December 2020. Emphasis of Matter: We draw attention to the fact disclosed in note -4.02.04, 07, 39 and annexure -C. Note no. 4.02.04: The sponsor shareholding is 35.72% against 60% as required by insurance act 2010 section 21 (3) and schedule 1. On the other hand, the sponsors and directors of the company are holding more than the 30% shares (cont.1)
- (Continuation news of FEDERALINS): of the paid up capital required under gazette notification no. BSEC/CMRRCD/2009-193/2
(Continuation news of FEDERALINS): of the paid up capital required under gazette notification no. BSEC/CMRRCD/2009-193/217/Admin/90. Dated: 15 July 2019 of Bangladesh Securities and Exchange commission. Note 7.00: Closing balance of gratuity is BDT 3,000,000 and 1,000,000 as on 31 December 2020 and 31 December 2019 respectively. The company made past service cost for defined employees benefit obligation (gratuity) Tk. 11,238,898 during the year and said cost stands at Tk. 58,988,375. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of FEDERALINS): Note: 39: The company is trying to amortize the outstanding Tax matters shortly (from
(Continuation news of FEDERALINS): Note: 39: The company is trying to amortize the outstanding Tax matters shortly (from assessment year 1998-1999 to 2018-2019) Annexure -C: The board of directors have decided to re-value company's premises at 28 Dilkhusha, Dhaka in 2021 subject to permission of the regulatory authority. (end)
The first part of this announcement is missing from the archive. - (Continuation news of FEDERALINS): iii) Stock Dividend is not declared from capital reserve or revaluation reserve or an
(Continuation news of FEDERALINS): iii) Stock Dividend is not declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the Company or through reducing paid up capital or through doing anything so that the post dividend retained earnings become negative or a debit balance. (end)
The first part of this announcement is missing from the archive. - 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 June 8, 2021 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2020.
- 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 June 8, 2021 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2021.
- Qualified Opinion
(Continuation news of FEDERALINS): 3. The company did not made WPPF liability as per Section -232, The Bangladesh Labour Act, 2006 (Amended on 2013), quantitative information has been disclosed by the management in note 2.3.13.3 of the financial statements; 4. Tax assessments of the company were not finalized yet for the financial years 1998 to 2019. Which indicates additional tax liability may arise and it is not practicable to quantify the financial effect in this regard. (end)
The first part of this announcement is missing from the archive. - Disregard the News on Qualified Opinion
Disregard the News on Qualified Opinion of Federal Insurance Company Ltd which is disseminated on today (10.03.2021).
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.