Golden Harvest Agro Industries Limited announcements
233 Dhaka Stock Exchange announcements for Golden Harvest Agro Industries Limited (GHAIL) since 2013: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (31).
- Resumption after record date
Trading of the shares of the Company will resume on 27.11.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 24.11.2022.
- 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 22.11.2022 to 23.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 24.11.2022 for AGM and EGM.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. (0.03) for July-September 2022 as against Tk. 0.02 for July-September 2021; Consolidated NOCFPS was Tk. 0.02 for July-September 2022 as against Tk. 0.01 for July-September 2021. Consolidated NAV per share was Tk. 13.49 as on September 30, 2022 and Tk. 14.20 as on September 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 November 14, 2022 at 6.00 PM to consider, among others, un-audited financial statements of the company for the First Quarter (Q1) period ended September 30, 2022.
- The auditor of the Golden Harvest Agro Industries Ltd. has given the \"Qualified Opinion\" & \"Emphasis of Matters\" par
The auditor of the Golden Harvest Agro Industries Ltd. has given the \"Qualified Opinion\" & \"Emphasis of Matters\" paragraphs in the auditor\'s report for the year ended June 30, 2022. Basis for Qualified Opinion: 1. Reference to Note # 22 (Sub-Note # 22A.02) to the consolidated financial statements, provision for Workers Profit Participation Fund (WPPF) of Taka 27,885,580 has been provided by the company and the same is shown under the head of \"Employees Welfare Fund, (cont.1)
- (Continuation news of GHAIL): Bangladesh Workers Welfare Fund and Workers Profit Participation fund\" of Taka 3,947,986,
(Continuation news of GHAIL): Bangladesh Workers Welfare Fund and Workers Profit Participation fund\" of Taka 3,947,986, Taka 4,080,624 and Taka 19,856,970 respectively as current liabilities in the consolidated financial statements as on 30 June 2022. However, the amount has not been distributed yet with a proportion of 80:10:10 among these funds as per the Labor Act 2006 as amended in 2013. 2. Reference to Note # 10.02 to the consolidated financial statements, (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of GHAIL): the Company provided Taka 48,355,038 as Share Money Deposit to Golden Harvest QSR Ltd., a
(Continuation news of GHAIL): the Company provided Taka 48,355,038 as Share Money Deposit to Golden Harvest QSR Ltd., a subsidiary of the company, which has not yet converted into share capital within the 06 (six) months period as per the Circular No. 146/FRC/Admin/Circular/2020/01 dated 11 February 2020, issued by the Financial Reporting Council (FRC). As per the circular the money received by any receiving company in the form of a Share Money Deposit or any other name (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of GHAIL): and included under Shareholder Equities or Capital must to be legally converted into Share
(Continuation news of GHAIL): and included under Shareholder Equities or Capital must to be legally converted into Share Capital within a maximum of 06 (Six) months of such received. Emphasis of matters: 1. Reference to Note # 05 to the consolidated financial statements, IAS 36 requires to conduct impairment test of Property, Plant and Equipment and make necessary disclosure in the Financial Statements. (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of GHAIL): Hence, the carrying amount of the company\'s assets is required to review to identify poss
(Continuation news of GHAIL): Hence, the carrying amount of the company\'s assets is required to review to identify possible impairment of assets. If any such indication exists, the asset\'s recoverable amount is estimated and an impairment loss is recognized in Statement of Profit or Loss and Other Comprehensive Income whenever the carrying amount of the asset or its cash generating unit exceeds its recoverable amount. (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of GHAIL): However, the company has no policy and procedures for conducting impartment review and no
(Continuation news of GHAIL): However, the company has no policy and procedures for conducting impartment review and no such test has yet been exercised by the company since inception of business or operation. It is noncompliance with IAS 36 Impairment of Assets. 2. Reference to Note # 19 read with note # 24 to the consolidated financial statements, the working capital of the Company was mainly sourced by the short-term bank loans/borrowings. (cont.6)
The first part of this announcement is missing from the archive. - (Continuation news of GHAIL): Most of the bank loans are interest bearing for which any upward changes in the interest r
(Continuation news of GHAIL): Most of the bank loans are interest bearing for which any upward changes in the interest rate may adversely affect the company\'s ability to loan servicing. The total long-term and short-term loans of the Company stood at BDT 1,951,570,716 as on 30 June 2022 which is 66.87\% of the Shareholders\' Equity. The finance/service cost against these loans amounted to BDT 112,002,129 in FY 2021-22 which is 36\% of total expenses (Administrative, Selling and Finance Expenses). (cont.7)
The first part of this announcement is missing from the archive. - Qualified Opinion & Emphasis of matters
(Continuation news of GHAIL): This transpires that a significant portion of the total expenses is interest cost. Therefore, the Management should take a note of its consequences in case there occurs any non-payment in servicing the loans. (end)
The first part of this announcement is missing from the archive. - Appointment of Managing Director
The Company has informed that Mr. Mohammad Shaker Shamim has been appointed as the Managing Director of the Company.
- The Board of Directors has recommended 2\% cash dividend to general shareholders other than Sponsors/Directors for the y
The Board of Directors has recommended 2\% cash dividend to general shareholders other than Sponsors/Directors for the year ended June 30, 2022. The Sponsors/Directors hold 65,667,346 shares out of total 215,837,621 shares of the Company and the cash dividend payable to general shareholders is Tk. 30,034,055.00. The Board has decided to hold an EGM for a) extension of time for utilization of Right Issue Proceeds till 21st January 2024 and (cont.1)
- (Continuation news of GHAIL): b) amendment of Article 109 and 110 of the Articles of Association of the company. Date of
(Continuation news of GHAIL): b) amendment of Article 109 and 110 of the Articles of Association of the company. Date of AGM and EGM: 20.12.2022, Time: 10:30 AM and 11.30 AM for AGM and EGM respectively, Venue for AGM and EGM: Digital Platform. Record Date for AGM and EGM: 24.11.2022. (cont. 2)
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 (31.10.2022) 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.
- Dividend Declaration and decision to hold an EGM
(Continuation news of GHAIL): The Company has also reported EPS of Tk. (0.47), NAV per share of Tk. 13.52 and NOCFPS of Tk. 0.62 for the year ended June 30, 2022 as against Tk. (0.72), Tk. 14.19 and Tk. 0.03 respectively for the same period of the previous year. Reason for increase in NOCFPS: NOCFPS increased due to increase in collection from customers. (end)
The first part of this announcement is missing from the archive. - Reschedule of Board Meeting under LR 19(1)
The Company has further informed that, the Board meeting under LR 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on October 30, 2022 at 7:00 PM instead of October 27, 2022 at 6:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- Decision to purchase land
The Company has informed that the Board of Directors has decided to purchase land measuring around 186.50 Decimals at Mouza ? Lohaboi, Valuka, Mymensingh at BDT 93,25,000.00 for the purpose of production and other auxiliary activities.
- 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 6:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- Address Change of Share Department
The Company has informed that the Share Department of the Company has been shifted to its new address at Navana Osman @ Link, Level-3, Plot No: 214/D, Gulshan-Tejgaon Link Road, Tejgaon I/A, Tejgaon, Dhaka-1208.
- Decision not to proceed with the investment in e-commerce business
Refer to their earlier news disseminated by DSE on 09.03.2021 regarding decision to invest into the fast rising E-commerce sector and another news on 16.08.2021 regarding inauguration of e-commerce business, the Company has further informed that due to the unstable economic outlook of the country the Board decided it would not be prudent to move forward with the planned investment in e-commerce platform and also decided not to proceed with the investment.
- Credit Rating Information and Services Limited (CRISL) has rated the Company as \"A+\" in the long term and \"ST-3\" in
Credit Rating Information and Services Limited (CRISL) has rated the Company as \"A+\" in the long term and \"ST-3\" in the short term along with a stable outlook in consideration of its audited financials up to June 30, 2021, unaudited financials up to March 31, 2022 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 0.03 for January-March 2022 as against Tk. (0.22) for January-March 2021; Consolidated EPS was Tk. 0.08 for July 2021-March 2022 as against Tk. (0.85) for July 2020-March 2021. Consolidated NOCFPS was Tk. 0.67 for July 2021-March 2022 as against Tk. (0.14) for July 2020-March 2021. Consolidated NAV per share was Tk. 14.07 as on March 31, 2022 and Tk. 14.15 as on March 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 28, 2022 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2022.
- Buy Confirmation of a Sponsor Director
Mr. Ahmed Rajeeb Samdani, one of the Sponsor Directors of the company, has further informed that he has completed his buying of 20,000 shares of the company at prevailing market price through Dhaka Stock Exchange as per declaration disseminated on 29.03.2022.
- Buy Declaration of a Sponsor Director
Mr. Ahmed Rajeeb Samdani, one of the Sponsor Directors of the company, has expressed his intention to buy 20,000 shares of the company at prevailing market price (in the Public market) through Dhaka Stock Exchange within April 28, 2022 as per Rule-4 of the BSEC (Substantial Acquisition of Shares and Takeovers), Rules, 2018.
- 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): Consolidated EPS was Tk. 0.03 for October-December 2021 as against Tk. (0.29) for October-December 2020; Consolidated EPS was Tk. 0.05 for July-December 2021 as against Tk. (0.63) for July-December 2020. Consolidated NOCFPS was Tk. 0.31 for October-December 2021 as against Tk. (0.07) for October-December 2020. Consolidated NAV per share was Tk. 14.24 as on December 31, 2021 and Tk. 14.37 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 January 30, 2022 at 7:00 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.