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 2022 (21).
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.37 for July-September, 2022 as against Tk. 0.20 for July-September, 2021; EPS was Tk. 1.02 for January-September, 2022 as against Tk. 0.72 for January-September, 2021. NOCFPS was Tk. 1.50 for January-September, 2022 as against Tk. 1.94 for January-September, 2021. NAV per share was Tk. 12.95 as on September 30, 2022 and Tk. 12.93 as on December 31, 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 October 27, 2022 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2022.
- 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, 2021, unaudited financials up to June 30, 2022 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended December 31, 2021 to the respective shareholders.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.33 for April-June 2022 as against Tk. 0.21 for April-June 2021; EPS was Tk. 0.65 for January-June 2022 as against Tk. 0.53 for January-June 2021. NOCFPS was Tk. 0.64 for January-June 2022 as against Tk. 1.32 for January-June 2021. NAV per share was Tk. 13.58 as on June 30, 2022 and Tk. 12.93 as on December 31, 2021.
- Decision to purchase floor space
The company has informed that the Board of Directors has decided to purchase floor space 2,150 sft (Flat No. 3-A) including common space at Suvastu Tower, 3rd floor, 69/1, Panthopath, Dhanmondi, Dhaka and one car parking at ground floor at a cost of BDT 2,40,00,000.00 (BDT two crore forty lac) only (BDT 11,000.00 per sft + BDT 3,50,000.00 for utility) (excluding Registration fees, Tax, VAT and other related charges) for use of the company.
- 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 July 28, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2022.
- Resumption after record date
Trading of the shares of the company will resume on 30.05.2022 after record date.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e. 29.05.2022.
- 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 with cum benefit from 25.05.2022 to 26.05.2022 and trading of the shares will remain suspended on record date i.e, 29.05.2022.
- The auditor of the Federal Insurance Company Ltd. has given the \"Emphasis of matter\" paragraphs on the audited financi
The auditor of the Federal Insurance Company Ltd. has given the \"Emphasis of matter\" paragraphs on the audited financial statements for the year ended December 31, 2021. Emphasis of Matter: We draw attention to the fact disclosed in note- 4.02.04, 07, 14, 39. Note 4.02.04 Summarized list of Shareholders as on December 31, 2021: The sponsor shareholding is 34.90\% against 60\% as required by insurance act 2010 section 21(3) and schedule 1. On the other hand the sponsors and directors (cont.1)
- (Continuation news of FEDERALINS): of the company are holding more than the 30\% shares of the paid up capital required
(Continuation news of FEDERALINS): of the company are holding more than the 30\% shares 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 Gratuity: Balance of Gratuity was BDT 5,000,000 and was BDT 3,000,000 as at 31 December 2021 and as at 31 December 2020 respectively. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of FEDERALINS): The company made past service cost for defined employees benefit obligation (gratuity
(Continuation news of FEDERALINS): The company made past service cost for defined employees benefit obligation (gratuity) Tk. 16,600,806 during the year and the said cost stands at Tk. 51,404,300. Note 14.00 Statutory Deposit with Bangladesh Bank: Balance of Statutory Deposit with Bangladesh Bank was BDT 60,100,000 and was BDT 55,100,000 as at 31 December 2021 and as at 31 December 2020 respectively. (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of FEDERALINS): The above amount represents the value of 10(Ten) and 15(Fifteen) years Bangladesh Gov
(Continuation news of FEDERALINS): The above amount represents the value of 10(Ten) and 15(Fifteen) years Bangladesh Govt. Treasury Bond at Cost kept with Mercantile Bank Limited according to the provision of section 23(B) of Insurance Act-2010(The 1st Schedule item 2(B). As per SRO no.353-AIN/2019 Dated. November 11, 2019, Every non-life Insurance company should invest 7.5\% of its assets to govt. treasury bond. (cont.4)
The first part of this announcement is missing from the archive. - Emphasis of matter
(Continuation news of FEDERALINS): The company invested Tk. 61,000,000. Which is 5% (Approximately) of the assets. However, management have taken initiative to comply the said circular. Note 39.00 Status of Income Tax Assessment: The company is trying to amortize the outstanding Tax matters shortly. (end)
The first part of this announcement is missing from the archive. - Dividend Declaration
The Board of Directors has recommended 10% cash dividend for the year ended December 31, 2021. Date of AGM: 28.06.2022, Time: 11:00 AM, Venue: Digital Platform. Record Date: 29.05.2022. The Company has also reported EPS of Tk. 1.36, NAV per share of Tk. 12.93 and NOCFPS of Tk. 2.71 for the year ended December 31, 2021 as against Tk. 1.27 (restated), Tk. 12.40 and Tk. 3.95 respectively for the same period of the previous year.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (28.04.2022) following its corporate declaration.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.32 for January-March 2022 as against Tk. 0.31 for January-March 2021. NOCFPS was Tk. 0.30 for January-March 2022 as against Tk. 0.68 for January-March 2021. NAV per share was Tk. 13.25 as on March 31, 2022 and Tk. 12.93 as on December 31, 2021.
- Change of AGM Date
The Company has further informed that the AGM of the Company will now be held on June 27, 2022 instead of earlier declared date June 28, 2022. Other information of the AGM will remain unchanged.
- 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 April 27, 2022 at 2:15 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 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 27, 2022 at 2:15 PM to consider, among others, un-audited financial statements of the company for the First Quarter (Q1) period ended March 31, 2022.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.