Maksons Spinning Mills PLC. announcements
330 Dhaka Stock Exchange announcements for Maksons Spinning Mills PLC. (MAKSONSPIN) since 2009: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2024 (19).
- Resumption after Record Date
Trading of the shares of the company will resume on 30.12.2024.
- Qualified Opinion & Emphasis of Matter
The auditor of the company has given the "Qualified Opinion" & "Emphasis of Matter" paragraph in the auditor?s report for the year ended June 30, 2024. To view the details please visit: https://www.dsebd.org/Auditors_opinion/2024/Maksons_2024.pdf
- Suspension for Record Date
Trading of the shares of the company will remain suspended on record date i.e., 29.12.2024.
- 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 23.12.2024 to 26.12.2024 and trading of the shares will remain suspended on record date i.e., 29.12.2024.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (1.71) for July-September 2024 as against Tk. (1.06) for July-September 2023; NOCFPS was Tk. (3.51) for July-September 2024 as against Tk. (0.74) for July-September 2023. NAV per share was Tk. 10.62 as on September 30, 2024 and Tk. 12.29 as on June 30, 2024. (cont.) (Continuation news of MAKSONSPIN): Reasons for deviation: EPS declined due to increase of raw material cost, salary & wages, utility cost, interest rates and other financial charges also increased remarkably. NOCFS decreased due to increased cost and other expenses compare to the previous period of previous year. Losses from operations resulted in a decline in NAV during the period. (end)
- 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 December 12, 2024 at 2:45 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2024.
- Dividend Declaration and further subscription of ordinary shares
The Board of Directors has recommended No Dividend for the year ended June 30, 2024. Date of AGM: 17.02.2025, Time: 11:00 AM, Venue: Hybrid System, Venue for physical presence: Maksons Group Conference Hall, (Situated at Maksons Spinning Mills PLC.): Holding-87, Ward-5, Block-B, Shahid Minnat Ali Road-4, Gouripur, Ashulia, Savar, Dhaka. Digital Link: https://maksonsspinning.bdvirtualagm.com. Record Date: 29.12.2024. (cont.1) (cont. news of MAKSONSPIN): Reasons for deviation: EPS: Negative due to decrease in unit price of finished goods, increase of raw material cost, salary & wages, utility cost and financial charges also increased remarkably. NAV per share: Losses from operations resulted in a decline in NAV per share during the period. NOCFPS: Decreased due to increased cost and other expenses. (end) (cont. news of MAKSONSPIN): The Board of Directors has also decided to subscribe further 2,00,00,000 nos. of ordinary shares (Tk.10 each) against Tk. 20,00,00,000/-(Tk. Twenty crore) of Maksons Textiles Limited, subject to approval by the shareholders in the upcoming 20th AGM. Maksons Textiles Limited is the 100% export oriented Spinning Industry and is under implementation of a project having 25,824 Spindle with production capacity of 27,000 kg yarn per day. (cont.3) (cont. news of MAKSONSPIN): The Company has also reported EPS of Tk. (3.69), NAV per share of Tk. 12.29 and NOCFPS of Tk. (2.57) for the year ended June 30, 2024 as against Tk. (3.93), Tk. 16.11 and Tk. 0.24 respectively for the year ended June 30, 2023. (cont.2)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (28.11.2024) following its corporate declaration.
- Category Change
The Company will be placed in 'Z' category from existing 'A' category with effect from December 01, 2024 as the company has failed to declare any dividend for a period of 2 (two) consecutive years according to provision 1(a) of BSEC Directive No. BSEC/CMRRCD/2009-193/77 dated May 20, 2024.
- Prohibition on providing loan facilities to purchase securities
The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase securities of Maksons Spinning Mills PLC. with effect from December 01, 2024 as per BSEC Directive No. BSEC/CMRRCD/2009-193/32 dated December 26, 2021.
- 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 27, 2024 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2024.
- Credit Rating Result
Alpha Credit Rating Limited (Alpha Rating) has assigned the Surveillance rating of the Company as "BBB-" in the long term and "ST-4" in the short term along with Stable outlook based on the audited financial statements as on June 30, 2023 and relevant qualitative information till November 12, 2024.
- Name Change of the Company
Dhaka Stock Exchange PLC. (DSE) has approved the proposed name change of the Company. Accordingly, the name of the Company will be 'Maksons Spinning Mills PLC' instead of 'Maksons Spinning Mills Limited' with effect from July 30, 2024. Other things (except name) will remain unchanged.
- (Q3 Un-audited): EPS was Tk. 0.05 for January-March 2024 as against Tk. (1.72) for January-March 2023; EPS was Tk. (1.87
(Q3 Un-audited): EPS was Tk. 0.05 for January-March 2024 as against Tk. (1.72) for January-March 2023; EPS was Tk. (1.87) for July 2023-March 2024 as against Tk. (0.98) for July 2022-March 2023. NOCFPS was Tk. (3.08) for July 2023-March 2024 as against Tk. 0.76 for July 2022-March 2023. NAV per share was Tk. 14.12 as on March 31, 2024 and Tk. 16.11 as on June 30, 2023. (cont.)
- Q3 Financials
(Continuation news of MAKSONSPIN): Reason for deviation: NOCFPS decreased due to increase of payment for cost and other expenses in comparison to the previous period of previous 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 29, 2024 at 03:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2024.
- (Q2 Un-audited): EPS was Tk. (0.86) for October-December 2023 as against Tk. 0.03 for October-December 2022; EPS was Tk.
(Q2 Un-audited): EPS was Tk. (0.86) for October-December 2023 as against Tk. 0.03 for October-December 2022; EPS was Tk. (1.92) for July-December 2023 as against Tk. 0.74 for July-December 2022. NOCFPS was Tk. (2.82) for July-December 2023 as against Tk. 0.64 for July-December 2022. NAV per share was Tk. 14.19 as on December 31, 2023 and Tk. 16.11 as on June 30, 2023. (cont.)
- Q2 Financials
(Continuation news of MAKSONSPIN): Reasons for Deviation in EPS and NOCFPS: EPS has been decrease due to decreased of unit price of finished Goods and increased of Cost of Goods Sold (COGS) which is mainly for increase of utility cost, salary and wages and raw material price. Increase of financial charges also caused to fall in EPS. NOCFPS has been decreased due to increase of payment for cost and others expenses in comparison to the previous period of previous 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 January 29, 2024 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2023.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.