Kay & Que (Bangladesh) Ltd. announcements
251 Dhaka Stock Exchange announcements for Kay & Que (Bangladesh) Ltd. (KAY&QUE) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2023 (31).
- The auditor of the company has given the \"Qualified Opinion and Emphasis of Matter\" paragraphs in the Auditor\'s Repor
The auditor of the company has given the \"Qualified Opinion and Emphasis of Matter\" paragraphs 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/3.KAY&QUE.pdf
- Resumption after record date
Trading of the shares of the company will resume on 21.11.2023.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 20.11.2023.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.06 for July-September, 2023 as against Tk. 0.14 for July-September, 2022; NOCFPS was Tk. (0.54) for July-September, 2023 as against Tk. (0.75) for July-September, 2022. NAV per share was Tk. 76.19 as on September 30, 2023 and Tk. 73.96 as on September 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 16.11.2023 to 19.11.2023 and trading of the shares will remain suspended on record date i.e., 20.11.2023.
- 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 2:30 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 3\% Cash Dividend for the year ended June 30, 2023. Date of AGM: 19.12.2023, Time
The Board of Directors has recommended 3\% Cash Dividend for the year ended June 30, 2023. Date of AGM: 19.12.2023, Time: 11:00 AM, Venue: Digital Platform. Record Date: 20.11.2023. The Company has also reported EPS of Tk. 0.32, NAV per share of Tk. 76.13 and NOCFPS of Tk. 0.42 for the year ended June 30, 2023 as against Tk. 0.59, Tk. 75.64 and Tk. (3.07) respectively for the year ended June 30, 2022. Reasons for deviation in EPS and NOCFPS: (cont.)
- Dividend Declaration
(Continuation news of KAY&QUE): EPS of the company has been decreased due to increase of captive power rate from Tk. 16 per cubic meter to Tk. 30 per cubic meter and increase of expenses and decrease of rental income compared with last financial year. NOCFPS has been increased due to cash turnover and of collection against sales compared with earlier financial year. (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 (31.10.2023) 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 30, 2023 at 2:30 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2023.
- Resumption after Record Date
Trading of the shares of the company will resume on 28.08.2023.
- Suspension for Record Date
Trading of the shares of the company will remain suspended on record date i.e., 27.08.2023 for amalgamation purpose.
- Spot for amalgamation purpose
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 23.08.2023 to 24.08.2023 and trading of the shares will remain suspended on record date i.e., 27.08.2023 for amalgamation purpose.
- Record Date for Amalgamation Scheme
Refer to the earlier news disseminated by DSE on 18.07.2023 regarding BSEC consent for raising paid-up capital, the company has further informed that the record date will be August 27, 2023 for issuing ordinary shares to the shareholders of Multisourching Limited as per the scheme of amalgamation.
- BSEC consent for raising paid-up capital
Refer to the earlier news disseminated by DSE on 11.04.2023 regarding increase of paid-up capital of the Company, the company has further informed that BSEC has accorded its kind consent for raising the paid-up capital of the company from existing Tk. 51,476,560/- to Tk. 68,559,309/- by issuing 1,708,275 nos. of ordinary shares @ Tk. 10.00 each totaling Tk. 17,082,750/- only to Shareholders of Multisourcing Limited as per the Scheme of amalgamation approved by the Honorable High Court.
- (Q3 Un-audited): EPS was Tk. 0.11 for January-March 2023 as against Tk. 0.46 for January-March 2022; EPS was Tk. 0.36 fo
(Q3 Un-audited): EPS was Tk. 0.11 for January-March 2023 as against Tk. 0.46 for January-March 2022; EPS was Tk. 0.36 for July 2022-March 2023 as against Tk. 0.69 for July 2021-March 2022. NOCFPS was Tk. 0.05 for July 2022-March 2023 as against Tk. 0.87 for July 2021-March 2022. NAV per share was Tk. 74.46 as on March 31, 2023 and Tk. 76.98 as on June 30, 2022. (cont.)
- The Company has informed that the Board of Directors of the company has decided to increase the paid-up capital of the C
The Company has informed that the Board of Directors of the company has decided to increase the paid-up capital of the Company from BDT 51,476,560.00 to BDT 68,559,309.00 as per the Scheme of Amalgamation duly approved by the Hon\'ble High Court Division of the Supreme Court of Bangladesh vide judgment and order dated 11.03.2019 in Company Matter No. 256 of 2018, subject to necessary filing before the Bangladesh Securities and Exchange Commission. (cont.)
- Regarding increase of paid-up capital of the Company
(Continuation news of KAY&QUE): As per the Scheme of Amalgamation approved by the Honourable High Court Division of the Supreme Court of Bangladesh, the Company shall issue 1,708,275 new ordinary shares of BDT 10.00 each in favour of the existing shareholders of MultiSourcing Limited. (end)
The first part of this announcement is missing from the archive. - Q3 Financials
(Continuation news of KAY&QUE): The company has also informed that due to unavailability of stone sale in this quarter and decrease of CNG sales, overall profitability and EPS have decreased compared to the same period of last year. (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 a meeting of the Board of Directors will be held on April 10, 2023 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2023.
- National Credit Ratings Limited has assigned the surveillance entity rating of the Company as \"BBB\" in the long term a
National Credit Ratings Limited has assigned the surveillance entity rating of the Company as \"BBB\" in the long term and \"ST-3\" in the short term along with Developing outlook based on audited financial statements as on June 30, 2022.
- Interim Dividend Disbursement
The Company has informed that it has disbursed the Interim Cash Dividend based on 9 months financials for the period ended March 31, 2022 to the respective shareholders.
- The auditor of Kay & Que (Bangladesh) Limited has given the \"Material Uncertainty Related to Going Concern\" and \"Othe
The auditor of Kay & Que (Bangladesh) Limited has given the \"Material Uncertainty Related to Going Concern\" and \"Other Matter\" paragraphs in the Auditor\'s Report for the year ended June 30, 2022. Material Uncertainty Related to Going Concern: We draw attention to Note-11 in the financial statements, which indicate that the company incurred an accumulated net loss of Taka 117,645,557 as at 30 June 2022, this events or conditions, indicate that (cont.1)
- (Continuation news of KAY&QUE): a material uncertainty exists that may cast significant doubt on the company\'s ability
(Continuation news of KAY&QUE): a material uncertainty exists that may cast significant doubt on the company\'s ability to continue as going concern. On the other hand, the entity\'s net operating cash flow is negative amount to Taka 15,730,574. Our opinion is not unmodified in respect of this matter. Other Matter: a) In our audit period we observed that the company did not deposit the TDS and VDS at many applicable sectors (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of KAY&QUE): which is non-compliance of Income Tax Ordinance 1984 and Value Added Tax and Supplementa
(Continuation news of KAY&QUE): which is non-compliance of Income Tax Ordinance 1984 and Value Added Tax and Supplementary Duty Act-2012 and Value Added Tax and Supplementary Duty Rules-2016; b) As a low operating concern Kay & Que (BD) Ltd. is not performing the audit of Internal information system; c) As per Section-30(m), Income Tax Ordinance 1984 any payment by a person exceeding taka fifty thousand or more, otherwise than by bank transfer excluding- (cont.3)
The first part of this announcement is missing from the archive. - Material Uncertainty Related to Going Concern and Other Matter
(Continuation news of KAY&QUE): (i) salary or remuneration made to any employee, without prejudice to an obligation referred to in clause; (ii) any payment for government obligation; (iii) any payment on account of purchase of raw materials. The company is not doing the same as described in said compliance. (end)
The first part of this announcement is missing from the archive. - Regarding Interim Dividend Distribution Compliance Report
The Company did not send Dividend Distribution Compliance Report as per Regulation-29 of the DSE (Listing) Regulations, 2015 in connection with disbursement of the declared interim dividend. However, DSE has issued query letter to the company for sending the interim dividend distribution compliance report accordingly.
- Refer to their earlier news disseminated by DSE on 05.06.2019 regarding Sanction of the Scheme of Amalgamation by the Co
Refer to their earlier news disseminated by DSE on 05.06.2019 regarding Sanction of the Scheme of Amalgamation by the Court, the company has further informed that the Hon\'ble Appellate Division of Supreme Court of Bangladesh has reconfirmed vide Civil Petition for leave to Appeal No: 1575 in 2019 Issued on 01.01.2023, the Scheme of Amalgamation (cont.)
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.11 for October-December 2022 as against Tk. 0.11 for October-December 2021; EPS was Tk. 0.26 for July-December 2022 as against Tk. 0.16 for July-December 2021. NOCFPS was Tk. (1.21) for July-December 2022 as against Tk. 0.16 for July-December 2021. NAV per share was Tk. 74.17 as on December 31, 2022 and Tk. 75.64 as on June 30, 2022. The Company has also informed that due to insufficient collection against sales, NOCFPS has significantly decreased.
- Regarding the Scheme of Amalgamation
(Continuation news of KAY&QUE): of MultiSourcing Limited (The Transferor Company) with Kay & Que (Bangladesh) Limited (The Transferee Company) approved on October 17, 2018 by the Shareholders and Creditors in the respective Extra-Ordinary General Meeting (EGM) & the Creditors Meeting. (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 a meeting of the Board of Directors will be held on January 19, 2023 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2022.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.