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 2023 (49).
- (Q1 Un-audited): EPS was Tk. (0.15) for July-September 2023 as against Tk. (0.16) for July-September 2022. NOCFPS was Tk
(Q1 Un-audited): EPS was Tk. (0.15) for July-September 2023 as against Tk. (0.16) for July-September 2022. NOCFPS was Tk. (0.05) for July-September 2023 as against Tk. (0.08) for July-September 2022. NAV per share was Tk. (0.36) as on September 30, 2023 and Tk. (0.21) as on June 30, 2023.
- The company has informed that the Board of Directors of the company in its meeting held on December 21, 2023 has taken t
The company has informed that the Board of Directors of the company in its meeting held on December 21, 2023 has taken the following decision: Agenda-04: To discuss and take necessary decisions for selling the land Property at Tarakanda, Mymensingh. Subject to the chairman\'s permission, the Managing director of the company told the board that their fish farm land at Tarakanda, Mymensingh could be sold instead of being leased (cont.1)
- (Continuation news of INTECH): and used to pay off the business debt and the remaining money would be better if they cou
(Continuation news of INTECH): and used to pay off the business debt and the remaining money would be better if they could use it for business expansion. After detailed discussion the board has taken the following decision unanimously. Resolved that after being informed about the situation the Board of Directors hereby advised Mr. Md. Azam Ali, Chief Financial Officer (CFO), to search for some party who are interceded (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of INTECH): to purchase the fisheries project land located at Tarakanda in Mymensingh proceeds for th
(Continuation news of INTECH): to purchase the fisheries project land located at Tarakanda in Mymensingh proceeds for the sale of 1849 decimal by maximum rate. It will be used for repayment of loans taken by the company from the Financial Institute and business expansion. (end)
The first part of this announcement is missing from the archive. - As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting
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 December 21, 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.
- Trading of the shares of the company will resume on 10.12.2023.
Trading of the shares of the company will resume on 10.12.2023.
- Trading of the shares of the company will remain suspended on record date i.e., 07.12.2023.
Trading of the shares of the company will remain suspended on record date i.e., 07.12.2023.
- The auditor of the company has given the \"Emphasis of Matter and Going Concern\" paragraph in the Auditor\'s Report of
The auditor of the company has given the \"Emphasis of Matter and Going Concern\" 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/INTECH2023.pdf
- Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled
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 05.12.2023 to 06.12.2023 and trading of the shares will remain suspended on record date i.e., 07.12.2023.
- Appointment of Managing Director
The Company has informed that Mr. Ubaida Asadi (Shareholder Director) has been appointed for the position of Managing Director of the Company with immediate effect.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (16.11.2023) following its corporate declaration. However, the floor price shall be applicable accordingly.
- Dividend Declaration
The Board of Directors has recommended No dividend for the year ended June 30, 2023. Date of AGM: 31.12.2023, Time: 3:00 PM, Venue: Digital Platform. Record date: 07.12.2023. The Company has also reported EPS of Tk. (0.74), NAV per share of Tk. (0.21) and NOCFPS of Tk. (0.29) for the year ended June 30, 2023 as against Tk. (1.15), Tk. 0.53 and Tk. (0.36) respectively for the year ended June 30, 2022.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (0.16) for July-September 2022 as against Tk. (0.14) for July-September 2021. NOCFPS was Tk. (0.08) for July-September 2022 as against Tk. (0.10) for July-September 2021. NAV per share was Tk. 0.36 as on September 30, 2022 and Tk. 0.53 as on June 30, 2022.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. (0.05) for October-December 2022 as against Tk. (0.28) for October-December 2021; EPS was Tk. (0.35) for July-December 2022 as against Tk. (0.36) for July-December 2021. NOCFPS was Tk. (0.17) for July-December 2022 as against Tk. (0.21) for July-December 2021. NAV per share was Tk. 0.17 as on December 31, 2022 and Tk. 0.53 as on June 30, 2022.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. (0.18) for January-March 2023 as against Tk. (0.22) for January-March 2022. EPS was Tk. (0.54) for July 2022-March 2023 as against Tk. (0.54) for July 2021-March 2022. NOCFPS was Tk. (0.21) for July 2022-March 2023 as against Tk. (0.27) for July 2021-March 2022. NAV per share was Tk. (0.01) as on March 31, 2023 and Tk. 0.53 as on June 30, 2022.
- Rescheduling of 21st and 22nd AGM date
Refer to their earlier news disseminated by DSE on 19.10.2023 regarding postponement of 21st and 22nd AGM, the company has further informed the rescheduled date, time and venue of 21st and 22nd AGM. Date of 21st AGM: 13.12.2023, Time: 11:00 AM, Venue: Digital Platform; Date of 22nd AGM: 13.12.2023, Time: 12:00 PM, Venue: Digital Platform.
- 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 15, 2023 at 5:30 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 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 15, 2023 at 4:00 PM, 4:30 PM and 5:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2022, Second Quarter (Q2) period ended December 31, 2022 and Third Quarter (Q3) period ended March 31, 2023.
- Resumption after Record date
Trading of the shares of the company will resume on 23.10.2023.
- Postponement of 21st and 22nd AGM
Refer to the earlier news disseminated by DSE on 02.10.2023 regarding Dividend Declaration and announcement of 21st and 22nd AGM Date, the Company has further informed that the 21st and 22nd AGM of the Company has been postponed. New date and time of the AGM will be announced later. All other information will remain unchanged.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 22.10.2023.
- 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 from 18.10.2023 to 19.10.2023 and trading of the shares will remain suspended on record date i.e., 22.10.2023.
- 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, 2022. To view the details, please visit: https://www.dsebd.org/assets/pdf/EM\%20of\%20INTECH\%20LIMITED\%20for\%2030\%20June\%202022.pdf
- The Board of Directors has recommended No dividend for the year ended June 30, 2022. Record Date: 22.10.2023. The Compan
The Board of Directors has recommended No dividend for the year ended June 30, 2022. Record Date: 22.10.2023. The Company has also reported EPS of Tk. (1.15), NAV per share of Tk. 0.53 and NOCFPS of Tk. (0.36) for the year ended June 30, 2022 as against Tk. (2.75), Tk. 1.67 and Tk. (0.24) respectively for the year ended June 30, 2021. Date and time of 21st AGM: November 16, 2023 at 11:00 AM. Date and time of 22nd AGM: November 16, 2023 at 12:00 PM. Venue of both AGMs: Digital Platform. Reason of (cont.)
- Dividend Declaration and announcement of 21st and 22nd AGM Date
(Cont. news of INTECH): deviation: After being informed about significant irregularities and discrepancies in respect of the Company assets and financial transactions, the Commission appointed G Kibria & Co., Chartered Accountants to conduct SPECIAL AUDIT over Intech Limited and current Statutory Auditor Islam Quazi Shafique & Co., Chartered Accountants also found that most of the assets of Intech Ltd. disclosed by Previous management was fictitious, which are adjusted with the Retained Earnings. (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 (02.10.2023) following its corporate declaration. However, 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 01, 2023 at 6:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- Appointment of Company Secretary
The company has informed that the Board of Directors has approved the appointment of Mr. Md. Mozahidul Islam, ACS, as Company Secretary of the company with effect from July 01, 2023.
- Resignation and appointment of Chairman
The company has informed that the Board of Directors has accepted the resignation of existing Chairman Barrister Mr. Khandaker Reza-E-Raquib and appointed Mr. Atiqul Alam Chowdhury as the new Chairman of the company. The Company has further informed that, Barrister Mr. Khandaker Reza-E-Raquib will continue as the Director of the company.
- Address Change of Corporate Office
The Company has informed that the Corporate Office and Share Department of the company has been shifted to its new address at 3/1-E, 2nd Floor, Bijoy Nagar, Purana Paltan, Dhaka-1000 on April 01, 2023 which is also the registered address of the company.
- Reasons for significant deviation in Q1, Q2 and Q3 Financials (Un-audited): The company has informed that the Commission
Reasons for significant deviation in Q1, Q2 and Q3 Financials (Un-audited): The company has informed that the Commission appointed G Kibria & Co., Chartered Accountants to conduct SPECIAL AUDIT over the company regarding significant irregularities and discrepancies in respect of the Company\'s assets and financial transactions. (cont.)
- Q2 Financials
(Q2 Un-audited): EPS was Tk. (0.28) for October-December 2021 as against Tk. 0.10 for October-December 2020; EPS was Tk. (0.36) for July-December 2021 as against Tk. 0.18 for July-December 2020. NOCFPS was Tk. (0.21) for July-December 2021 as against Tk. 0.49 for July-December 2020. NAV per share was Tk. 1.31 as on December 31, 2021 and Tk. 1.67 as on June 30, 2021. However, the company has not complied with the Regulation 17(2) of Dhaka Stock Exchange (Listing) Regulations, 2015.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. (0.22) for January-March 2022 as against Tk. 0.01 for January-March 2021. EPS was Tk. (0.54) for July 2021-March 2022 as against Tk. 0.19 for July 2020-March 2021. NOCFPS was Tk. (0.27) for July 2021-March 2022 as against Tk. 0.75 for July 2020-March 2021. NAV per share was Tk. 1.13 as on March 31, 2022 and Tk. 1.67 as on June 30, 2021. However, the company has not complied with the Regulation 17(3) of Dhaka Stock Exchange (Listing) Regulations, 2015.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (0.14) for July-September 2021 as against Tk. 0.08 for July-September 2020. NOCFPS was Tk. (0.10) for July-September 2021 as against Tk. 0.26 for July-September 2020. NAV per share was Tk. 1.53 as on September 30, 2021 and Tk. 1.67 as on June 30, 2021. However, the company has not complied with Regulation 17(1) of Dhaka Stock Exchange (Listing) Regulations, 2015.
- Q1, Q2 and Q3 Financials (Additional Information)
(Continuation news of INTECH): The company has further informed that most of the assets of the company disclosed was fictitious, which was adjusted with the Retained Earnings of last FY 2020-21 and it has cumulative effect on these Quarters. (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 meeting of the Board of Directors will be held on March 29, 2023 to consider, among others, un-audited financial statements of the company for the First Quarter (Q1) at 02:30 PM, Second Quarter (Q2) at 03:00 PM and Third Quarter (Q3) at 03:30 PM for the period ended September 30, 2021, December 31, 2021 and March 31, 2022 respectively.
- Resumption after record date
Trading of the shares of the Company will resume on 22.02.2023 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 20.02.2023.
- Regarding lease of unused land
The company has informed that to mitigate current liquidity crisis of the Company, the Board of Directors has approved to provide lease of 30 acres unused land at Tarakanda, Mymensingh for yearly BDT 70,000.00 per acre only to Biswas Agro Fisheries Ltd. for next 05 years from March 2023 to February 2028.
- 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 from 16.02.2023 to 19.02.2023 and trading of the shares will remain suspended on record date i.e., 20.02.2023.
- The auditor of the Intech Limited has given the \"Qualified Opinion\" and \"Emphasis of Matter\" paragraph in the Audito
The auditor of the Intech Limited has given the \"Qualified Opinion\" and \"Emphasis of Matter\" paragraph in the Auditor\'s Report for the year ended 30 June 2021. Basis for Qualified Opinion: IFRS 16 introduces a single lessee accounting model and requires a lessee to recognize assets and liabilities for all leases with a term of more than 12 months, unless the underlying asset is of low value. (cont.1)
- (Continuation news of INTECH): A lessee is required to recognize a right-of-use asset representing its right to use the
(Continuation news of INTECH): A lessee is required to recognize a right-of-use asset representing its right to use the underlying leased asset and a lease liability representing its obligation to make lease payments. During the year the company has not recognized the IFRS-16 \"Leases\" in the Financial Statements and it is non-compliance. Emphasis of Matters: a. As disclosed in Note # 4.02 to the financial statements \"Capital Work in Progress\" shown (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of INTECH): amount Tk. 00.00 (Zero). According to last year audit report Capital Work in Progress amo
(Continuation news of INTECH): amount Tk. 00.00 (Zero). According to last year audit report Capital Work in Progress amount of Tk. 71,867,926 transfer from \"Advances, Deposits & Prepayments\" account. This advance was made to \"Solquest Limited\" for providing Alternative Delivery Channel (ADC) as new business initiative through providing necessary solution, Equipment, Installation and maintenance since long. (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of INTECH): Last year (2019-2020) the company adjusted amount in Taka 27,500,000 against Invoice for
(Continuation news of INTECH): Last year (2019-2020) the company adjusted amount in Taka 27,500,000 against Invoice for delivery and installation of NFS smart card payment solutions successfully. And rest of the module of ADC software in process of installation/implementation and also software under testing phase awaiting users\' acceptance. Till 2020-2021 there was no improvement/adjustment of \"Advances, Deposits & Prepayments\" (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of INTECH): of Tk. 44,367,926.00 and new management could not trace Alternative Delivery Channel (ADC
(Continuation news of INTECH): of Tk. 44,367,926.00 and new management could not trace Alternative Delivery Channel (ADC) software amount Tk. 27,500,000. For that reason, the management of the company made a provision as per IFRS-9 against expected loss. b. As disclosed \"Property, Plant & Equipment- (ISP & IT- Schedule A)\" where \"Vehicle (Car)\" shown in (cont.5)
The first part of this announcement is missing from the archive. - Qualified Opinion & Emphasis of Matter
(Continuation news of INTECH): the financial statement but due to physical verification we could not trace the Vehicle (Car) and the management also made a general diary no. 1363 to Gulshan Thana against immediate past chairman to recover the vehicle (Car).(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 (26.01.2023) following its corporate declaration.
- Dividend Declaration
The Board of Directors has recommended No dividend for the year ended June 30, 2021. Date of AGM: will be notified later, Time & Venue: will be notified later, Record Date: 20.02.2023. The Company has also reported EPS of Tk. (2.75), NAV per share of Tk. 1.67 and NOCFPS of Tk. (0.43) for the year ended June 30, 2021 as against Tk. (0.91) (Restated), Tk. 4.52 (Restated) and Tk. (0.11) (Restated) respectively for the same period of the previous year.
- 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 January 25, 2023 at 5:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.