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 2023 (20).
- Credit Rating Agency of Bangladesh Limited (CRAB) has announced the surveillance entity rating of the Company as \"AA2\"
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the surveillance entity rating of the Company as \"AA2\" in the long term and \"ST-2\" in the short term along with Stable outlook based on audited financial statements up to June 30, 2023; bank liability position as on October 31, 2023 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- The auditor of the company has given the \"Emphasis of Matter\" paragraph in the Auditor\'s Report of the company for th
The auditor of the company has given the \"Emphasis of Matter\" paragraph in the Auditor\'s Report of the company for the year ended June 30, 2023. To view the details, please visit: https://www.dsebd.org/assets/pdf/7.IFADAUTOS.pdf
- Resumption after Record date
Trading of the shares of the company will resume on 20.11.2023.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 19.11.2023.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.01 for July-September 2023 as against Tk. (0.78) for July-September 2022; NOCFPS was Tk. 0.48 for July-September 2023 as against Tk. 0.12 for July-September 2022. NAV per share was Tk. 37.92 as on September 30, 2023 and Tk. 37.91 as on June 30, 2023.
- 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 15.11.2023 to 16.11.2023 and trading of the shares will remain suspended on record date i.e., 19.11.2023.
- 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, 2023 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2023.
- The Board of Directors has recommended 10\% Cash Dividend for all shareholders for the year ended June 30, 2023. Date of
The Board of Directors has recommended 10\% Cash Dividend for all shareholders for the year ended June 30, 2023. Date of AGM: 28.12.2023, Time of AGM will be notified later, Venue: Digital Platform. Record Date: 19.11.2023. The Company has reported EPS of Tk. (0.58), NAV per share of Tk. 37.91 and NOCFPS of Tk. (2.76) for the year ended June 30, 2023 as against Tk. 1.56, Tk. 39.38 and Tk. 4.59 respectively for the year ended June 30, 2022. (cont.)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (29.10.2023) following its corporate declaration. However, the floor price shall be applicable accordingly.
- Dividend Declaration
(Continuation news of IFADAUTOS): Reasons for decrease in EPS and NOCFPS: EPS has been decreased due to the exchange loss for foreign currency fluctuation and commodity inflation during the year. NOCFPS has been decreased mainly due to the payment of suppliers including foreign currency exchange loss against import of CBU/CKD raw materials and decrease of cash receipts from customers as compared to the corresponding previous year on account of increasing in credit sale. (end)
The first part of this announcement is missing from the archive. - 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 28, 2023 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2023.
- Time Extension of consent validity of Secured Coupon Bearing Bond
Refer to their earlier news disseminated by DSE on 09.01.2023 regarding BSEC Consent for issuance of Non-Convertible Coupon-Bearing Bond. In this respect, the Commission has extended the validity of the Commission's consent letter ref: BSEC/CI/DS-193/2022/1165 dated January 23, 2023 for the issuance of IFAD Autos Ltd Secured Coupon Bearing Bond of BDT 300 crore for further 6 months from current expiry date. It is mentionable that all other conditions of the aforesaid consent letter shall remain unchanged.
- Board Decision to Sell Land
The company has informed that the Board of Directors of the company has decided to sell a land measuring area of 90 (ninety) decimal, located at (Mouza: Himardhighi, Thana: Tongi, District: Gazipur) at a consideration of BDT. 16,50,00,000.00 (Sixteen crore fifty lakhs) only.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.35 for January-March 2023 as against Tk. 1.22 for January-March 2022; EPS was Tk. (0.30) for July 2022-March 2023 as against Tk. 2.14 for July 2021-March 2022. NOCFPS was Tk. (1.43) for July 2022-March 2023 as against Tk. 2.21 for July 2021-March 2022. NAV per share was Tk. 38.61 as on March 31, 2023 and Tk. 39.38 as on June 30, 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 April 30, 2023 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2023.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.13 for October-December 2022 as against Tk. 0.53 for October-December 2021; EPS was Tk. (0.65) for July-December 2022 as against Tk. 0.93 for July-December 2021. NOCFPS was Tk. (2.94) for July-December 2022 as against Tk. 1.22 for July-December 2021. NAV per share was Tk. 38.25 as on December 31, 2022 and Tk. 39.38 as on June 30, 2022.
- Dividend Disbursement
The Company has informed that it has credited the Bonus shares to the respective shareholders' BO Accounts and it has also disbursed the cash dividend to the respective shareholders for the year ended June 30, 2022.
- Refer to their earlier news disseminated by DSE on 28.11.2022 regarding investment of Proceeds from Secured Coupon Beari
Refer to their earlier news disseminated by DSE on 28.11.2022 regarding investment of Proceeds from Secured Coupon Bearing Bond (proposed), the Company has further informed that Bangladesh Securities and Exchange Commission has given its consent for the issuance of a Non-Convertible, Secured, Fully Redeemable, Floating Rate Coupon-Bearing Bond of BDT 3,000.00 Million of the company through private placement. (cont.)
- BSEC Consent for issuance of Non-Convertible Coupon-Bearing Bond
(Continuation news of IFADAUTOS): The Face Value of each Bond is BDT 10.00 Million, and the floor of the coupon rate is 6% p.a. The tenure of the said bond is 05 (five) years. The purpose of issuance of the aforesaid bond is an investment in IFAD Multi Products Limited and for the Working Capital of the Company. (end)
The first part of this announcement is missing from the archive. - Credit Rating Agency of Bangladesh Limited (CRAB) has announced the Surveillance Entity Rating of the Company as \"AA2\"
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the Surveillance Entity Rating of the Company as \"AA2\" in the long term and \"ST-2\" in the short term along with stable outlook based on audited financial statements up to June 30, 2022; bank liability position as on November 30, 2022 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.