IFAD Autos PLC. announcements
205 Dhaka Stock Exchange announcements for IFAD Autos PLC. (IFADAUTOS) since 2015: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2018 (21).
- Time and Venue of AGM
The Company has further informed that their AGM will be held on December 19, 2018 at 11:00 AM in Samarai Convention Center, 23/G/7, Panthapath, Dhaka-1205. Other information regarding AGM will remain unchanged.
- Revised schedule of Rights Share Utilization Proceeds
The Board of Directors of the Company has decided to revise Rights Share utilization proceeds subject to the approval of the shareholders and the BSEC. As per the revised condition, the company will purchase another 820 decimal lands at Gazipur with total cost of Tk. 69,580,000.00 and also purchase 1050 decimals land at Dhamrai, Dhaka. The Company will also make expansion of assembling unit where Tk. 40,000,000.00 (cont.) (Continuation news of IFADAUTOS): will be given to Naif Engineering & Builders for the remaining tasks. They will also spend the remaining balance of Tk. 37,123,170.00 for land development. For all the above revisions, the company will require additional 1-year time specified in Rights Offer Document. (end)
- Board Decision to Purchase Land
The Company has informed that the Board of Directors has decided to purchase 71.50 decimal land situated at Vhagdubra, Murail, Kahaloo, Bogra at a cost of Tk. 78,35,000.00 only including registration fees and other expenses for future expansion of the business.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 1.73 for July-September, 2018 as against Tk. 1.67 for July-September, 2017; NOCFPS was Tk. (3.70) for July-September, 2018 as against Tk. (6.46) for July-September, 2017. NAV per share was Tk. 40.08 as on September 30, 2018 and Tk. 38.25 as on June 30, 2018.
- 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, 2018 at 5:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2018.
- Resumption after Record Date
Trading of the shares of the Company will resume on 21.10.2018 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 18.10.2018.
- Spot News
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 16.10.2018 to 17.10.2018. Trading of the shares of the Company will remain suspended on record date i.e., 18.10.2018.
- Dividend Declaration
The Board of Directors has recommended 22% cash dividend for shareholders (excluding Sponsors/Directors) and 10% stock dividend for all shareholders for the year ended on June 30, 2018. The Sponsors shareholders hold 14,15,16,665 shares out of total 22,54,46,000 shares of the Company and general shareholders will get cash dividend of Tk. 18,46,44,537.00. Date of AGM: 19.12.2018, Time and venue: to be notified later on. Record Date: 18.10.2018. (cont.) (Continuation news of IFADAUTOS): The Company has also reported EPS of Tk. 7.01, NAV per share of Tk. 38.25 and NOCFPS of Tk. (10.98) for the year ended on June 30, 2018 as against Tk. 4.81, Tk. 38.61 and Tk. (7.99) respectively for the same period of the previous year. (end)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (30.09.2018) following its corporate declaration.
- 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 September 29, 2018 at 6:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2018.
- Land Purchase
The Company has informed that the Board of Directors has decided to purchase 90 decimal land situated at Belishor, Sutipara, Dhamrai, Dhaka (adjacent to the factory), at a cost of Tk. 1,13,53,000.00 (including all land development cost, registration fees and various expenses) for future expansion of the business and the amount shall be paid from own fund.
- Land Purchase Decision
The Company has informed that the Board of Directors has decided to purchase 190 decimal land situated at Belishor, Sutipara, Dhamrai, Dhaka (adjacent to the factory) with a total cost of Tk. 2,47,30,000.00 (including all land development cost and registration fees) for future expansion of the business and the amount shall be paid from own fund.
- Board Decision to Purchase Land
The Company has informed that the Board of Directors has decided to purchase 444.25 decimal land situated at Gazipur, Sreepur at a cost of Tk. 2,94,20,000.00 including all registration fees.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 1.95 for January-March 2018 as against Tk. 1.44 for January-March 2017; EPS was Tk. 5.40 for July 2017-March 2018 as against Tk. 3.61 for July 2016-March 2017. NOCFPS was Tk. (7.55) for July 2017-March 2018 as against Tk. (9.95) for July 2016-March 2017. NAV per share was Tk. 36.74 as on March 31, 2018 and Tk. 38.61 as on June 30, 2017.
- Credit Rating Result
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the Entity Rating (Surveillance) of the Company as "AA3" along with stable outlook based on audited financial statements up to June 30, 2017; bank liability position as on February 28, 2018 and other relevant quantitative as well as qualitative information up to the date of rating 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 April 30, 2018 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2018.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 2.37 for October-December, 2017 as against Tk. 1.95 for October-December, 2016; EPS was Tk. 4.67 for July-December, 2017 as against Tk. 2.89 for July-December, 2016. NOCFPS was Tk. (13.97) for July-December, 2017 as against Tk. (6.61) for July-December, 2016. NAV per share was Tk. 40.71 as on December 31, 2017 and Tk. 38.61 as on June 30, 2017.
- 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 27, 2018 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2017.
- Dividend Disbursement
The Company has informed that it has credited cash dividend (including sale proceed of fractional shares; if applicable) (excluding Directors and/or Sponsors) to the bank accounts of the respective shareholders through BEFTN on January 09, 2018. The stock dividend has also been credited to the respective shareholders' BO Accounts on January 04, 2018.
- Rights share Credited to BO Accounts
The Company has informed that it has credited Rights shares to the respective shareholders' BO accounts on January 03, 2018. The Company has informed that it has credited Rights shares to the respective shareholders' BO accounts on January 04, 2018.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.