Global Heavy Chemicals Limited announcements
178 Dhaka Stock Exchange announcements for Global Heavy Chemicals Limited (GHCL) since 2013: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2024 (25).
- Regarding postponement of 23rd AGM of the company
Refer to the earlier news of the company disseminated by DSE on 21.11.2024 regarding Dividend Declaration, the company has further informed that due to unavoidable circumstances, the AGM scheduled to be held on December 30, 2024 has been postponed. New date and time of the 23rd AGM of the company will be announced later.
- Resumption after Record Date
Trading of the shares of the company will resume on 15.12.2024.
- Suspension for Record Date
Trading of the shares of the company will remain suspended on record date i.e., 12.12.2024.
- 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 09.12.2024 to 11.12.2024 and trading of the shares will remain suspended on record date i.e., 12.12.2024.
- Qualified Opinion
The auditor of the company has given the "Qualified Opinion" in the auditor's report for the year ended June 30, 2024. To view the details please visit: https://www.dsebd.org/Auditors_opinion/2024/November/GHCL_2024.pdf
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (1.10) for July-September 2024 as against Tk. (1.99) for July-September 2023; NOCFPS was Tk. 0.61 for July-September 2024 as against Tk. 0.61 for July-September 2023. NAV per share was Tk. 72.99 as on September 30, 2024 and Tk. 74.08 as on June 30, 2024.
- Dividend Declaration
The Board of Directors has recommended No Dividend for the year ended June 30, 2024. Date of AGM: 30.12.2024, Time: 10:30 AM, Venue: Hybrid System and GHCL Factory premises, Hasnabad, Keranigonj, Dhaka. Record Date: 12.12.2024. The Company has also reported EPS of Tk. (7.58), NAV per share of Tk. 74.08 and NOCFPS of Tk. 2.42 for the year ended June 30, 2024 as against Tk. (5.77), Tk. 47.85 and Tk. (2.45) respectively for the year ended June 30, 2023.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (21.11.2024) following its corporate declaration.
- 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 27, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2024.
- Category Change
The Company will be placed in 'Z' category from existing 'B' category with effect from November 24, 2024 as the company has failed to declare any dividend for a period of 2 (two) consecutive years according to provision 1(a) of BSEC Directive No. BSEC/CMRRCD/2009-193/77 dated May 20, 2024.
- Prohibition on providing loan facilities to purchase securities
The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase securities of Global Heavy Chemicals Limited with effect from November 24, 2024 as per BSEC Directive No. BSEC/CMRRCD/2009-193/32 dated December 26, 2021.
- 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 November 20, 2024 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2024.
- Regarding resumption of production in limited scale
Refer to their earlier news disseminated by DSE on 15.10.2024 regarding temporary shutdown of company's factory at Hasnabad, Keraniganj, the company has further informed that they are going to start the operation from 31st October, 2024 in limited scale for a few units, which are not related with gas supply. The company also informed that it has paid all the compensation to the factory workers and staff, as per labor law, who left the company because of temporary shutdown.
- Regarding temporary shutdown of company's factory at Hasnabad, Keraniganj
The company has informed that it will temporarily shut down its factory operations at Hasnabad, Keraniganj, Dhaka, effective from October 15, 2024.
- Credit Rating Result
ARGUS Credit Rating Services Limited (ACRSL) has announced the rating of the Company as "A" for long term and "ST-3" for Short term with outlook as "Negative" in consideration of audited financials of the company up to June 30, 2023 and unaudited financial statements ending March 31,2024 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- The company has informed the Board of Directors of the company in its meeting held on May 18, 2024 has approved and acce
The company has informed the Board of Directors of the company in its meeting held on May 18, 2024 has approved and accepted the revaluation report of the company\'s 1,028 decimals of freehold land at Hasnabad, Keranigonj, Dhaka. This revaluation was based on the unaudited financial statements of the company as of March 31, 2024. The revaluation was conducted by S. F. Ahmed & Co., Chartered Accountants. The summary of the valuation of the land and land development is as follows: (cont.)
- Regarding Revaluation of Land and Land Developments
Location of Land: Global Heavy Chemicals Limited, Hasnabad, Keranigonj, Dhaka; Total area of land in Decimal: 1,028; Total Cost as per Financial Statements as on 30 June 2023: BDT 1,806,732,026.00; Total Fair Market Value (FMV) as on 31 March 2024: BDT 4,369,175,000.00; Revaluation surplus as on 31 March 2024: BDT 2,562,442,974.00. (end)
- (Q3 Un-audited): EPS was Tk. (0.18) for January-March 2024 as against Tk. (0.53) for January-March 2023; EPS was Tk. (4.
(Q3 Un-audited): EPS was Tk. (0.18) for January-March 2024 as against Tk. (0.53) for January-March 2023; EPS was Tk. (4.17) for July 2023-March 2024 as against Tk. (1.44) for July 2022-March 2023. NOCFPS was Tk. 2.87 for July 2023-March 2024 as against Tk. (0.39) for July 2022-March 2023. NAV per share was Tk. 43.68 as on March 31, 2024 and Tk. 47.85 as on June 30, 2023. Reasons for deviation in EPS and NOCFPS: The Company has experienced a significant increase of Cost of (Cont.1)
- (Cont. news of GHCL): Goods Sold due to the concentrated effect of price escalation of raw materials, spares, freights c
(Cont. news of GHCL): Goods Sold due to the concentrated effect of price escalation of raw materials, spares, freights charges in international market and frequent increase of dollar conversion rate in addition to the unusual increase of Gas & Electricity cost for increasing rate of those. During the reporting period from July 1, 2023 to March 31, 2024 sales have been increased during the year but the company could not recover the operating fixed cost like Depreciation, labour cost, Finance (Cont.2)
The first part of this announcement is missing from the archive. - Q3 Financials
(Cont. news of GHCL): cost etc. As a result, Net profit after tax and EPS has been reduced. NOCFPS has been increased during the reporting period compared to same period of the previous year due to increase in sales, decrease in Accounts receivable, Increase in Trade Payable and increase in advance received against sales. (end)
The first part of this announcement is missing from the archive. - 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, 2024 at 03:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2024.
- (Q2 Un-audited): EPS was Tk. (2.00) for October-December 2023 as against Tk. (0.45) for October-December 2022; EPS was T
(Q2 Un-audited): EPS was Tk. (2.00) for October-December 2023 as against Tk. (0.45) for October-December 2022; EPS was Tk. (4.00) for July-December 2023 as against Tk. (0.90) for July-December 2022. NOCFPS was Tk. 2.16 for July-December 2023 as against Tk. 0.0029 for July-December 2022. NAV per share was Tk. 43.86 as on December 31, 2023 and Tk. 47.85 as on June 30, 2023. Reasons for Deviation in EPS and NOCFPS: (cont.1)
- (Continuation news of GHCL): The Company has experienced a significant increase of Cost of Goods Sold due to the concent
(Continuation news of GHCL): The Company has experienced a significant increase of Cost of Goods Sold due to the concentrated effect of price escalation of raw materials, spares, freights charges in international market and frequent increase of dollar conversion rate in addition to the unusual increase of Gas & Electricity cost for increasing rate of those. During the reporting period from July 1, 2023 to December 31, 2023, (cont.2)
The first part of this announcement is missing from the archive. - Q2 Financials
(Continuation news of GHCL): their sales have been increased during the year but they could not recover their operating fixed cost like Depreciation, labour cost, Finance cost etc. As a result, Net profit after tax and Earnings per share (EPS) have been reduced. NOCFPS has been increased during the reporting period compared to same period of the previous year due to increase in sales, decrease in Accounts receivable, Increase in Trade Payable and Increase in advance received against sales. (end)
The first part of this announcement is missing from the archive. - 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 29, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2023.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.