Malek Spinning Mills PLC. announcements
284 Dhaka Stock Exchange announcements for Malek Spinning Mills PLC. (MALEKSPIN) since 2010: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (26).
- Credit Rating Information and Services Limited (CRISL) has rated the Company as \"AA\" in the long term and \"ST-2\" in
Credit Rating Information and Services Limited (CRISL) has rated the Company as \"AA\" in the long term and \"ST-2\" in the short term along with a stable outlook in consideration of its audited financials up to June 30, 2022; un-audited financial up to September 30, 2022 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Resumption after record date
Trading of the shares of the Company will resume on 17.11.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 16.11.2022
- MALEKSPIN : 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 14.11.2022 to 15.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 16.11.2022.
- (Q1 Un-audited): Consolidated EPS was Tk. 1.21 for July-September 2022 as against Tk. 0.87 for July-September 2021; Cons
(Q1 Un-audited): Consolidated EPS was Tk. 1.21 for July-September 2022 as against Tk. 0.87 for July-September 2021; Consolidated NOCFPS was Tk. (1.88) for July-September 2022 as against Tk. 1.61 for July-September 2021. Consolidated NAV per share was Tk. 50.12 as on September 30, 2022 and Tk. 48.91 as on June 30, 2022. (cont.)
- Q1 Financials
(Continuation news of MALEKSPIN): Reasons for deviation in EPS, NOCFPS and NAV: EPS has increased due to increase of consolidated sales and Net Profit compared to previous period. Due to decrease of collection against turnover & receivable and increase of financial expenses & income tax NOCFPS has decreased. Due to increase of retained earnings NAV per share has increased. (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 November 07, 2022 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2022.
- The Board of Directors has recommended 10\% cash dividend for the year ended June 30, 2022. Date of AGM: 27.12.2022, Tim
The Board of Directors has recommended 10\% cash dividend for the year ended June 30, 2022. Date of AGM: 27.12.2022, Time: 11:00 AM, Venue: Digital Platform. Record Date: 16.11.2022. The Company has also reported Consolidated EPS of Tk. 3.72, Consolidated NAV per share of Tk. 48.91 and Consolidated NOCFPS of Tk. 0.10 for the year ended June 30, 2022 as against Tk. 3.36, Tk. 46.27 and Tk. 2.00 respectively for the same period of the previous year. (cont.)
- The auditor of the Malek Spinning Mills Ltd. has given the \"Emphasis of Matter\" paragraphs in the auditor\'s report fo
The auditor of the Malek Spinning Mills Ltd. has given the \"Emphasis of Matter\" paragraphs in the auditor\'s report for the year ended June 30, 2022. Emphasis of Matter: With reference to the no. 34.1, a contingent asset of Tk. 282,458,514 in respect of fire insurance claim as result of fire incident took place at the company\'s factory premises. The effect of fire incident, some of Inventory of Tk. 277,346,120 and factory building of Tk. 5,112,394 at carrying value/written down value (cont.)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (26.10.2022) following its corporate declaration.
- Dividend Declaration
(Continuation news of MALEKSPIN): Reasons for deviation in EPS, NOCFPS and NAVPS: Consolidated EPS has increased due to increase of sales and net profit. Consolidated NOCFPS has decreased due to increase payment of goods and others compared to collection against sales. Due to increase in retained earnings NAVPS has increased. (end)
The first part of this announcement is missing from the archive. - Emphasis of Matter
(Continuation news of MALEKSPIN): has been destroyed. All of these assets (Inventory and factory building) are under the comprehensive insurance coverage. An inspection has been taken place by surveyor. As per directors' assessment, the insurance claim recover through shall be at least equal to the carrying value. No other information come to our attention. Our report is not qualified in this respect. (end)
The first part of this announcement is missing from the archive. - Reschedule of Board Meeting under LR 19(1)
The Company has further informed that, due to unavoidable circumstances, the Board meeting under LR 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will now be held on October 25, 2022 at 2:30 PM instead of October 22, 2022 at 2:30 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- 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 22, 2022 at 2:30 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- Credit Rating Information and Services Limited (CRISL) has rated the Company as \"AA\" in the long term and \"ST - 2\" i
Credit Rating Information and Services Limited (CRISL) has rated the Company as \"AA\" in the long term and \"ST - 2\" in the short term along with a Stable outlook based on audited financial statements of the Company up to June 30, 2021, un-audited financials up to March 31, 2022 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Query Response
In response to a DSE query, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike and increase in volume of shares.
- The Company has informed that the Board of Directors has approved the proposal of J.M. Fabrics Ltd., a subsidiary Compan
The Company has informed that the Board of Directors has approved the proposal of J.M. Fabrics Ltd., a subsidiary Company of the Company to purchase land measuring an area of 954.94 decimals situated at Mouza: Dogri and Bahadurpur, Upazila: Gazipur Sadar, District: Gazipur at a total consideration of approximately Tk. 47.70 crore (cont.)
- Approval of Land Purchase of a Subsidiary Company
(Continuation news of MALEKSPIN): only including registration cost for the future expansion of the business of J.M. Fabrics Ltd. The investment of Tk. 47.70 crore would be met from internal generation of funds by JMFL. The Company also informed that they will not be required to provide any funds in this regard. (end)
The first part of this announcement is missing from the archive. - Decision to purchase of land for new plant
The Company has informed that the Board of Directors has decided to purchase of 55.00 Bigha i.e. 1,815.00 decimal land at a consideration of approximately Tk.55.00 crore for new plant at Bhaluka, Mymensingh from its Directors/Related parties on fair market price basis, which may exceed l% (one percent) or above of the total tangible assets shown in the statement of financial position as of end of the immediate preceding financial year.
- Decision to issue Zero Coupon Bond
The Company has informed that the Board of Directors has decided to issue a Zero Coupon Bond amounting BDT 290.00 crore to finance expansion and to reduce debts related to the expansion of the Company subject to approval of the Bangladesh Securities & Exchange Commission.
- Recovery of Insurance Claim of a Subsidiary Company
The Company has informed that the Board of Directors has approved the decision of Salek Textile Limited (STL), a subsidiary Company of the Company for recovery of Insurance Claim for BDT 21,12,88,104.00 as final settlement against the claim was BDT 30,47,91,187.00 for losses by fire at Fabric Unit. The Company also informed that the above amount will be utilized against repayment of term loan of the Company.
- Q3 Financials
(Continuation news of MALEKSPIN): Reasons for deviation in EPS, NOCFPS and NAV: EPS has increased because of net profit substantially increased during the period due to increase in Turnover/Sales and decrease in financial expenses. Due to increase of collection against sales NOCFPS has increased substantially and due to increase retained earnings NAV has also increased. (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 26, 2022 at 2:15 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2022.
- Q2 Financials
(Continuation news of MALEKSPIN): Reasons for deviation in EPS, NOCFPS and NAV: EPS has increased because of net profit substantially increased during the period due to increase in Turnover/Sales and decrease in cost of goods sold percentage on sales compared to previous period. Due to increase of collection against sales NOCFPS has increased and due to increase retained earnings NAV has also increased. (end)
The first part of this announcement is missing from the archive. - Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended June 30, 2021 to the respective shareholders.
- 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 27, 2022 at 2:45 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.