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 2023 (28).
- The company has informed that the Board of Directors of the Company in its meeting held on December 17, 2023 decided the
The company has informed that the Board of Directors of the Company in its meeting held on December 17, 2023 decided the following resolution in connection with the recovery of Insurance Claim from Pioneer Insurance Co. Ltd. against losses of Inventory and other Property and Factory Building caused by fire accident held on 10-12-2021. Agenda-03. To consider recovery of Insurance Claim from Poineer Insurance Company Ltd.: (cont.)
- (Continuation news of MALEKSPIN): The Board of Directors of the Company has approved the final settlement of fire insura
(Continuation news of MALEKSPIN): The Board of Directors of the Company has approved the final settlement of fire insurance claim from Pioneer Insurance Company Ltd. of Tk. 100,083,025 and sale value of salvage of inventory of Tk. 120,051,330 total recovery amount Tk. 220,134,355 against the fire losses of Tk. 282,458,514 which took place at Factory Premises at Shafipur, Kaliakoir, Gazipur. (end)
The first part of this announcement is missing from the archive. - Credit Rating Information and Services Limited (CRISL) has assigned rating of the Company as \"AA-\" in the long term an
Credit Rating Information and Services Limited (CRISL) has assigned rating of the Company as \"AA-\" in the long term and \"ST-2\" for short term along with Stable outlook in consideration of its audited financials up to June 30, 2023 also unaudited financials up to September 30, 2023 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 20.11.2023.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 19.11.2023.
- 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 15.11.2023 to 16.11.2023 and trading of the shares will remain suspended on record date i.e., 19.11.2023.
- (Q1 Un-audited): Consolidated EPS was Tk. 1.90 for July-September 2023 as against Tk. 1.21 for July-September 2022; Cons
(Q1 Un-audited): Consolidated EPS was Tk. 1.90 for July-September 2023 as against Tk. 1.21 for July-September 2022; Consolidated NOCFPS was Tk. 2.29 for July-September 2023 as against Tk. (1.88) for July-September 2022. Consolidated NAV per share was Tk. 48.67 as on September 30, 2023 and Tk. 46.77 as on June 30, 2023. (cont.)
- 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, 2023. To view the details, please visit: https://www.dsebd.org/assets/pdf/emp_MalekSpinningMillsLimited30June2023.pdf
- Q1 Financials
(Continuation news of MALEKSPIN): Reasons for deviation in EPS, NOCFPS and NAV: EPS has increased in the consolidated accounts due to cost of goods sold percentage on sales was decreased resulting Net Profit increased compared to previous period. Due to decrease of payment against material purchase and increase of collection against turnover and receivable, NOCFPS has increased. Due to increase of retained earnings, NAV 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 12, 2023 at 2:45 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 No dividend for the year ended June 30, 2023. Date of AGM: 18.12.2023, Time: 11:0
The Board of Directors has recommended No dividend for the year ended June 30, 2023. Date of AGM: 18.12.2023, Time: 11:00 AM, Venue: Digital Platform. Record Date: 19.11.2023. The Company has also reported Consolidated EPS of Tk. (1.14), Consolidated NAV per share of Tk. 46.77 and Consolidated NOCFPS of Tk. 1.96 for the year ended June 30, 2023 as against Tk. 3.72, Tk. 48.91 and Tk. 0.10 respectively for the year ended June 30, 2022. (cont. 1)
- (Continuation news of MALEKSPIN): Reasons for deviation in EPS, NAV per share and NOCFPS: EPS has been significantly dec
(Continuation news of MALEKSPIN): Reasons for deviation in EPS, NAV per share and NOCFPS: EPS has been significantly decreased due to decrease of sales price and sales volume on the other hand increase of raw material price, gas & electricity charges, repair & maintenance expenses and other overhead cost compared to previous year. (cont. 2)
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 (29.10.2023) following its corporate declaration. However, the floor price shall be applicable accordingly.
- Dividend Declaration
(Continuation news of MALEKSPIN): NAV has been decreased due to decrease in retained earnings and revaluation reserve & surplus during the year. NOCFPS has been increased in consolidated account due to regular collection increased against receivables by subsidiaries and decreased in solo account due to increase of payment against raw materials purchased and financial expenses. (end)
The first part of this announcement is missing from the archive. - 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 26, 2023 at 2:45 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2023.
- The company has informed that J. M. Fabrics Limited (JMFL), a subsidiary of the company (99.9975\% shares held by the co
The company has informed that J. M. Fabrics Limited (JMFL), a subsidiary of the company (99.9975\% shares held by the company) had approved a BMRE plan for setting up seamless facilities and yarn texturizing and covering facility and other facilities at an estimated investment of Tk. 156.74 crore by funds generated from internal sources of JMFL and taking loan from Banks. After setting up the seamless facilities and establishment of other facilities production capacity will increase from (cont.)
- (Cont. news of MALEKSPIN): equivalent to 52,944,000 Pcs. to 54,933,000 Pcs. per annum, resulting sales and profitability
(Cont. news of MALEKSPIN): equivalent to 52,944,000 Pcs. to 54,933,000 Pcs. per annum, resulting sales and profitability will increase and there will be value addition due to improvement of product quality which will enable the company to sell its products at higher prices. The Company will not be required to provide any funds in this regard. The Board of Directors has also given the authority to execute the proposal of rental agreement of 52,000 sft unutilized area of scrap (cont. 2)
The first part of this announcement is missing from the archive. - Board decision regarding BMRE/Investment by J. M. Fabrics Limited
(Cont. news of MALEKSPIN): godown at the factory premises at Shafipur, Kaliakoir, Gazipur @ Tk. 15.00 per sft. per month with J.M. Fabrics Ltd. (JMFL) at a fair market price negotiable from time to time. The Board of Directors of MSML and JMFL has given guarantees to the above transaction as per the regular terms and conditions of the trade and declaring no conflict of interest would arise regarding the transaction. (end)
The first part of this announcement is missing from the archive. - Appointment of Nominated Director
The company has informed that Board of Directors of Paragon Poultry Limited has appointed Mr. Mahir Rahman as Nominated Director of Malek Spinning Mills Ltd. in place of Mr. Moshiur Rahman. As such, the Board of Directors of Malek Spinning Mills Ltd. has approved the withdrawal of Mr. Moshiur Rahman and appointment of Mr. Mahir Rahman as nominated director with effect from June 04, 2023.
- (Q3 Un-audited): Consolidated EPS was Tk. (1.81) for January-March 2023 as against Tk. 1.03 for January-March 2022; Cons
(Q3 Un-audited): Consolidated EPS was Tk. (1.81) for January-March 2023 as against Tk. 1.03 for January-March 2022; Consolidated EPS was Tk. (1.13) for July 2022-March 2023 as against Tk. 2.91 for July 2021-March 2022. Consolidated NOCFPS was Tk. 12.61 for July 2022-March 2023 as against Tk. 4.40 for July 2021-March 2022. Consolidated NAV per share was Tk. 46.78 as on March 31, 2023 and Tk. 48.91 as on June 30, 2022. (cont.)
- Q3 Financials
(Continuation news of MALEKSPIN): Reasons for deviation in EPS, NOCFPS and NAV: EPS has been decreased due to increase of raw materials price and decrease in sales price. NOCFPS has been increased due to increase of collection against turnover and receivable and increase of other income. NAV has been decreased due to decrease of retained earnings. (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 27, 2023 at 2:45 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2023.
- Refer to their earlier news disseminated on 23.06.2021, regarding Proposal for BMRE of the existing project and installi
Refer to their earlier news disseminated on 23.06.2021, regarding Proposal for BMRE of the existing project and installing a new plant, the company has further informed that the Board of Directors has decided to postpone the implementation of their proposed project at Bhaluka, Mymensingh. The Board of Directors also decided to replace some vital existing machinery at the existing mill at Shafipur, Kaliakoir, Gazipur having gone worn out and losing efficiency, (cont.)
- Postponement of proposed project and replacement of machinery
(Continuation news of MALEKSPIN): at a total estimated investment of Tk. 106.64 crore be implemented by funds generated from internal sources and taking loan from Banks and other sources. (end)
The first part of this announcement is missing from the archive. - (Q2 Un-audited): Consolidated EPS was Tk. (0.54) for October-December 2022 as against Tk. 1.10 for October-December 2021
(Q2 Un-audited): Consolidated EPS was Tk. (0.54) for October-December 2022 as against Tk. 1.10 for October-December 2021; Consolidated EPS was Tk. 0.67 for July-December 2022 as against Tk. 1.92 for July-December 2021. Consolidated NOCFPS was Tk. 4.30 for July-December 2022 as against Tk. 3.94 for July-December 2021. Consolidated NAV per share was Tk. 49.58 as on December 31, 2022 and Tk. 48.91 as on June 30, 2022. Reasons for deviation in EPS, NOCFPS and NAVPS: (cont.)
- Q2 Financials
(Continuation news of MALEKSPIN): During the reporting period cost of goods sold (COGS) was higher compared to previous period due to increase of raw materials price compared to increase of sales price, resulting Net Profit decreased as well as EPS decreased. Due to increase of collection against turnover and receivable and increase of other income consolidated NOCFPS has increased. Due to increase of retained earnings consolidated NAVPS has 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, 2022 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 30, 2023 at 2:45 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.