Intech Limited announcements
301 Dhaka Stock Exchange announcements for Intech Limited (INTECH) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2018 (28).
- Change of AGM date
The Company has further informed that due to unavoidable circumstances, their AGM will now be held on December 23, 2018 instead of earlier declared date December 13, 2018. Other information of the earlier disclosure will remain unchanged.
- Resumption after record date
Trading of the shares of the Company will resume on 19.11.2018 after record date.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.85 for July-September, 2018 as against Tk. (0.09) for July-September, 2017; NOCFPS was Tk. 0.75 for July-September, 2018 as against Tk. 0.01 for July-September, 2017. NAV per share was Tk. 12.29 as on September 30, 2018 and Tk. 11.44 as on June 30, 2018. Due to cost control and increase of revenue EPS changed significantly.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 18.11.2018.
- 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 14.11.2018 to 15.11.2018. Trading of the shares of the Company will remain suspended on record date i.e., 18.11.2018.
- 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 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2018.
- Dividend Declaration
The Board of Directors has recommended 11% stock dividend for the year ended on June 30, 2018. Date of AGM: 13.12.2018, Time: 10:00 AM, Venue: RAOWA Convention Hall (Eagle Hall), VIP Road, Mohakhali, Dhaka. Record Date: 18.11.2018. The Company has also reported EPS of Tk. 1.25, NAV per share of Tk. 11.44 and NOCFPS of Tk. 2.00 for the year ended on June 30, 2018 as against Tk. 1.09, Tk. 11.20 and Tk. 1.01 respectively for the same period of the previous year.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (29.10.2018) 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 October 28, 2018 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2018.
- Financial Impact on Commercial Agreements
In response to a DSE query regarding clarification on price sensitive information disseminated on 16.09.2018 the Company has replied that the Expected amount of Investment with Minfy Technologies Private Limited, India is Tk. 4.00 crore initially and Expected amount of Investment with Ranial Systems Inc., Somerset, USA is Tk. 4.00 crore initially. (cont.1) (continuation news of INTECH): spend. AWS Professional and Managed Services: Turnover 30% of AWS Spend Tk. 10.00 crore: Tk. 3.00 crore and Intech's Share of Margin (30% of Tk. 3.00 crore): Tk. 90.00 lac. (b) Ranial Systems Inc. USA: Expected Annual Turnover (1st year): Tk. 10.00 crore, Expected Net profit on Turnover @ 20%: Tk. 2.00 crore and Intech's Share of Net Profit (50%): Tk. 1.00 crore. (end) (continuation news of INTECH):Expected Financial Impact in terms of Monetary value to Company's earnings and profitability as follows: a) Amazon Web Services (AWS) infrastructure: Expected Annual AWS spend: Tk. 10.00 crore and Intech's Commission/fee (50% of 7% of Tk. 10.00 crore): Tk. 35.00 lac in 1st year. Expected annual growth of Operation: 2nd Year 80% and 3rd Year 100%. Commensurate with increased Sales volume, Intech's Commission will be 50% of higher Commission entitlement up to 12% AWS(cont.2)
- Resumption after Record Date
Trading of the shares of the Company will resume on 27.09.2018 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 26.09.2018 for EGM.
- Date and Venue of the EGM
The Company has further informed that due to unavoidable circumstances, the 5th EGM of the Company will now be held on October 21, 2018 at 10:00 AM instead of October 18, 2018 at RAOWA Convention Hall (Eagle Hall), VIP Road, Mohakhali, Dhaka-1206. Other information will remain unchanged.
- Spot News for EGM
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 from 24.09.2018 to 25.09.2018. Trading of the shares of the Company will remain suspended on record date i.e., 26.09.2018 for EGM.
- Signing Commercial Agreements
With reference to their earlier news (disseminated by DSE on September 06, 2018) the Company has further informed that it has signed 'Exclusive Commercial Agreement ' with Minfy Technologies Private Limited, India to provide Amazon Web Services in Bangladesh on exclusive basis with their collaboration and support. The Company has further informed that it has signed a 'detailed Commercial Agreement ' with Ranial Systems Inc., Somerset, USA, (cont.) (Continuation news of INTECH): for working together for pursuing different financially rewarding businesses in, specially, IT/IT enabled services, computer software/hardware, internet of things (IOT), Managed services, ERP, Intelligent Energy Management, Strategic Consulting and co-innovation, vertical applications etc. (end)
- EGM to raise Authorized Capital & proposal for fresh investment
The Company has informed that the Board has taken decision to conduct an EGM to increase the Authorized Capital of the Company from Tk. 60.00 crore to Tk. 120.00 crore. Date of EGM: 18.10.2018. Time: 10:00 AM. Record date for EGM: 26.09.2018. Venue: To be notified later. The Board has also taken some proposal for fresh investments: i) Fresh investment by the Sponsors/Shareholder-Directors of Tk. 23.50 crore against issuance of shares at par value through envisaged Private Placement share issue (cont.1) (Continuation news of INTECH): Signing of Agreement: Intech Limited & 6d Technologies, India, are going to sign a detailed Commercial Agreement, Intech Limited & NRB Telecom Limited are going to sign a detailed Commercial Agreement, Intech Limited & Minfy Technologies Private Limited, India, are going to sign a detailed commercial Agreement, Intech Limited & Ranial Systems Inc., USA, are going to sign a detailed Commercial Agreement. (end) (Continuation news of INTECH): in the capital portfolio of the Company intended for raising capital fund for BMRE of the projects/long term business activities of the Company. ii) Fresh investment by NRB Telecom Limited & its associates to the tune of Tk. 30.50 crore against issuance of shares at par value through envisaged Placement share issue in the capital portfolio of the company intended for raising capital fund for BMRE of the projects/long term business activities of the Company. (cont.2)
- Query Response (Repeat News)
(Repeat News): In response to a DSE query dated July 31, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Query Response
In response to a DSE query dated July 31, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.21 for January-March 2018 as against Tk. 0.13 for January-March 2017; EPS was Tk. 0.22 for July 2017-March 2018 as against Tk. 0.14 for July 2016-March 2017. NOCFPS was Tk. 0.02 for July 2017-March 2018 as against Tk. 0.05 for July 2016-March 2017. NAV per share was Tk. 10.40 as on March 31, 2018 and Tk. 11.20 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 April 30, 2018 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2018.
- Resumption after record date
Trading of the shares of the Company will resume on 25.02.2018 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 22.02.2018 for EGM.
- Spot News for EGM
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 from 19.02.2018 to 20.02.2018. Trading of the shares of the Company will remain suspended on record date i.e., 22.02.2018 for EGM.
- EGM to raise Authorized Capital & subscribe 40% shares of China-BD Tech
The Company has informed that the Board has taken decision to conduct an EGM to increase the Authorized Capital of the Company from Tk. 30.00 crore to Tk. 60.00 crore. Date of EGM: 28.03.2018. Time: 10:00 AM. Record date for EGM: 22.02.2018. Venue: Raowa Club (Eagle Hall), VIP Road, Mohakhali, Dhaka. (cont.) (Continuation news of INTECH): The Board has also taken decision to subscribe 40% of the Ordinary Share Capital of China-BD Tech Ltd. (Proposed). The amount of initial investment will be Tk. 3,20,000.00 only. In future, the investment will increase to Tk. 32,00,000.00 only. (end)
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.10 for October-December, 2017 as against Tk. 0.14 for October-December, 2016; EPS was Tk. 0.01 for July-December, 2017 as against Tk. 0.03 for July-December, 2016. NOCFPS was Tk. (0.2194) for July-December, 2017 as against Tk. 2.3064 for July-December, 2016. NAV per share was Tk. 11.21 as on December 31, 2017 and Tk. 11.20 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 30, 2018 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2017.
- Basis for Qualified Opinion and Emphasis of Matter
The auditor of the company has given the following "Basis for Qualified Opinion " and "Emphasis of Matter" Paragraphs in the audit report of the company for the year ended on 30 June 2017. Basis of Qualified Opinion: The company has recognized deferred tax income Tk. 1,019,700 and deferred tax assets Tk. 3,333,653. Details of deferred tax assets and income have been shown in note-5 where it has been mentioned that deferred tax was measured and recognized as per previous practice. (cont. 1) (Continuation news of INTECH): income. Emphasis of matter: We draw attention that, As per note 22.00 to the financial statements operating Profit from software service was Tk. 54,884,445 and operating loss from Internet service and fisheries project was Tk. 26,214,447. But balance of direct non-current assets (Property, Plant and Equipment) for Software service is Tk. 2,862,388, for Internet service Tk. 35,729,280, for fisheries project Tk. 52,122,783. Our opinion is not qualified in this matter. (end) (Continuation news of INTECH): Tax return for the year 2014 has been submitted and remains under process of assessment by the tax authority. Due to absence the tax assessment for the year 2014 tax depreciation status of major part of depreciable property, plant and equipment valued Tk. 76,89,000 which came into use in the year 2014 (assets of fish project Tk. 38,346,000 and office space Tk. 38, 550,000) could not be ascertained resulting inability to confirm the amount of deferred tax asset and (cont. 2)
- Stock Dividend Disbursement
The Company has informed that it has credited the Bonus shares for the year ended on June 30, 2017 to the respective shareholders' BO Accounts on January 11, 2018.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.