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 2022 (24).
- Refer to their earlier news disseminated by DSE on 02.06.2022 regarding \'Decision to revise the security clause of the
Refer to their earlier news disseminated by DSE on 02.06.2022 regarding \'Decision to revise the security clause of the Coupon Bearing Bond\', the company has further informed that the following special business resolution, among others, will be placed for approval in the 34th AGM scheduled to be held on December 18, 2022 at 12.00 PM: the company will invest BDT. 225.00 crores (75\% of the fund) (cont.)
- Investment of Proceeds from Secured Coupon Bearing Bond (proposed)
(Continuation news of IFADAUTOS): out of BDT. 300.00 crores of Secured Coupon Bearing Bond (proposed) of IFAD Autos Limited to IFAD Multiproducts Limited (An associate company of IFAD Autos Limited) and BDT. 75.00 crores (25% of the fund) out of BDT. 300.00 crores to be utilized for working capital of IFAD Autos Limited subject to final approval from Bangladesh Securities and Exchange Commission. (end)
The first part of this announcement is missing from the archive. - Update of Information
The Company has requested the concerned DPs to provide the details of margin loan holders (shareholders' name, BO ID, number of share, applicable tax rate, dividend amount, bank name, accounts no. etc.) who hold company's share subject to the record date to share department before AGM. The Company has also requested the Shareholders (other than company) to maintain and update their twelve-digit e-TIN number with depository participant, otherwise 15% (instead of 10%) tax will be deducted from cash dividend.
- Resumption after record date
Trading of the shares of the Company will resume on 21.11.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 20.11.2022
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (0.82) for July-September 2022 as against Tk. 0.41 for July-September 2021; NOCFPS was Tk. (0.17) for July-September 2022 as against Tk. 0.24 for July-September 2021. NAV per share was Tk. 40.53 as on September 30, 2022 and Tk. 41.35 as on June 30, 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 16.11.2022 to 17.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 20.11.2022.
- 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 3.30 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 IFAD Autos Limited has given the \"Emphasis of Matter\" paragraphs in the auditor\'s report for the y
The auditor of the IFAD Autos Limited has given the \"Emphasis of Matter\" paragraphs in the auditor\'s report for the year ended June 30, 2022. Emphasis of Matter: A sum of Tk. 26,342,316,216.00 is appearing in the statement of financial position as \"Accounts and Other Receivables\". There are total about 21,000 parties from whom the amount is receivable. Ageing of Individual balances and balance Confirmations were not available (Ref: Note 10). (cont. 1)
- (Continuation news of IFADAUTOS): Collection of the full amount may be difficult & adequate provision for doubtful debt
(Continuation news of IFADAUTOS): Collection of the full amount may be difficult & adequate provision for doubtful debt has not been made. Following bank balances are appearing in the statement of financial position. We received balance confirmation in respect of some balances and in respect of other balances, we didn\'t receive any balance confirmation. However, the Company has informed us that these balance confirmation certificates are in process. (cont. 2)
The first part of this announcement is missing from the archive. - (Continuation news of IFADAUTOS): The balances in the STD A/C is Tk. 391,549,557.00, CD A/C is Tk. 417,711,268.00, Long
(Continuation news of IFADAUTOS): The balances in the STD A/C is Tk. 391,549,557.00, CD A/C is Tk. 417,711,268.00, Long Term Loan is Tk. (648,609,659.00), Leasehold Obligation is Tk. (12,563,974,097.00), FDR is Tk. 1,798,398,338.00. Inventory valuing Tk. 2,178,201,785.00 is appearing in the statement of financial position (Ref: Note 9). In case of valuation of Inventory obsolete and damaged items shall be considered as well as all item records need to be kept updated. (cont. 3)
The first part of this announcement is missing from the archive. - Emphasis of Matter
(Continuation news of IFADAUTOS): As referred to in Note #39, Interest received from customers on credit sale amounting to Tk.. 1,759,604,544.00 has been netted off against interest expenses amounting to Tk. 2,009,686,997.00. Interest income and expenses are not shown in the financial statements separately. (end)
The first part of this announcement is missing from the archive. - (Continuation news of IFADAUTOS): Reasons of stock dividend: (a) Retained amount will be used as reinvestment in the com
(Continuation news of IFADAUTOS): Reasons of stock dividend: (a) Retained amount will be used as reinvestment in the company. (b) the company has declared such stock dividend or bonus shares out of the accumulated profit or retained earnings; and (Cont. 2)
The first part of this announcement is missing from the archive. - The Board of Directors has recommended 5\% Cash and 5\% Stock dividend for the year ended June 30, 2022. Date of AGM: 18
The Board of Directors has recommended 5\% Cash and 5\% Stock dividend for the year ended June 30, 2022. Date of AGM: 18.12.2022, Time: 12:00 PM, Venue: Digital Platform. Record Date: 20.11.2022. The Company has reported EPS of Tk. 1.64, NAV per share of Tk. 41.35 and NOCFPS of Tk. 3.76 for the year ended June 30, 2022 as against Tk. 2.18, Tk. 40.81 and Tk. 0.44 respectively for the same period of the previous year. (Cont. 1)
- Dividend Declaration
(Continuation news of IFADAUTOS): (c) the company has not declared such stock dividend or bonus shares 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. - Price Limit Open
There will be no price limit on the trading of the shares of the Company today (30.10.2022) 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.
- 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 3:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- Decision to revise the security clause of the Coupon Bearing Bond
Refer to their earlier news disseminated by DSE on 24.11.2019 regarding issuance of Coupon Bearing Non-Convertible fully redeemable Bonds, the Company has further informed that the Board of Directors of the Company has decided to revise the security clause of the Coupon Bearing Bond for BDT 300 crore as fully secured subject to approval from Bangladesh Securities and Exchange Commission.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 1.28 for January-March 2022 as against Tk. 0.51 for January-March 2021; EPS was Tk. 2.25 for July 2021-March 2022 as against Tk. 2.17 for July 2020-March 2021. NOCFPS was Tk. 2.62 for July 2021-March 2022 as against Tk. (1.03) for July 2020-March 2021. NAV per share was Tk. 41.96 as on March 31, 2022 and Tk. 40.81 as on June 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 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.
- Credit Rating Agency of Bangladesh Limited (CRAB) has announced the Entity Rating (Surveillance) of the Company as \"AA2
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the Entity Rating (Surveillance) of the Company as \"AA2\" along with stable outlook based on audited financial statements up to June 30, 2021; Bank liability position as on December 31, 2021 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.56 for October-December 2021 as against Tk. 0.98 for October-December 2020; EPS was Tk. 0.97 for July-December 2021 as against Tk. 1.66 for July-December 2020. NOCFPS was Tk. 1.28 for July-December 2021 as against Tk. (1.77) for July-December 2020. NAV per share was Tk. 40.69 as on December 31, 2021 and Tk. 40.81 as on June 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 January 31, 2022 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended June 30, 2021 to the respective shareholders.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.