Meghna Insurance PLC. announcements
98 Dhaka Stock Exchange announcements for Meghna Insurance PLC. (MEGHNAINS) since 2022: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2023 (26).
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.11 for July-September, 2023 as against Tk. 0.24 for July-September, 2022; EPS was Tk. 1.08 for January-September, 2023 as against Tk. 0.47 for January-September, 2022. NOCFPS was Tk. (0.32) for January-September, 2023 as against Tk. (1.24) for January-September, 2022. NAV per share was Tk. 14.42 as on September 30, 2023 and Tk. 17.21 as on December 31, 2022.
- 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 October 31, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2023.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended December 31, 2022 to the respective shareholders.
- Category Change
The Company will be placed in 'A' category from existing 'B' category with effect from August 17, 2023 as the Company has reported disbursement of 10% Cash Dividend for the year ended December 31, 2022.
- (Q2 Un-audited): EPS was Tk. 0.10 for April-June 2023 as against Tk. (0.33) for April-June 2022; EPS was Tk. 0.98 for Ja
(Q2 Un-audited): EPS was Tk. 0.10 for April-June 2023 as against Tk. (0.33) for April-June 2022; EPS was Tk. 0.98 for January-June 2023 as against Tk. 0.26 for January-June 2022. NOCFPS was Tk. 0.85 for January-June 2023 as against Tk. 0.16 for January-June 2022. NAV per share was Tk. 14.35 as on June 30, 2023 and Tk. 17.21 as on December 31, 2022. (cont.)
- Q2 Financials
(Continuation news of MEGHNAINS): Reasons for deviation in EPS, NOCFPS and NAVPS: EPS and NOCFPS have been increased due to decrease of Agent Commission, payment of management expenses, Re-Insurance and claim; and increase of net premium income. NAVPS has been decreased due to increase in weighted average number of shares after listing. (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 July 27, 2023 at 2:31 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2023.
- National Credit Ratings Limited has assigned the surveillance entity rating of the Company as \"AA+\" in the long term a
National Credit Ratings Limited has assigned the surveillance entity rating of the Company as \"AA+\" in the long term and \"ST-2\" in the short term along with Stable outlook based on audited financial statements as on December 31, 2022.
- Re-appointment of Chairman and Appointment of Vice Chairman
The Company has informed that the Board of Directors has re-appointed Mr. Musfiq Rahman as Chairman and Mr. Manwar-Uz-Zaman as the new Vice Chairmen of the Company.
- Re-appointment of CEO
The Company has informed that Insurance Development and Regulatory Authority (IDRA) has approved the re-appointment of Mr. Mohammad Abu Bakar Siddique as the Chief Executive Officer of the Company.
- Resumption after record date
Trading of the shares of the company will resume on 28.05.2023.
- Suspension for Record date
Trading of the shares of the company will be suspended on record date i.e., 25.05.2023
- 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 with cum benefit from 23.05.2023 to 24.05.2023, and trading of the shares will be suspended on the record date i.e., 25.05.2023.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.88 for January-March 2023 as against Tk. 0.66 for January-March 2022. NOCFPS was Tk. 0.16 for January-March 2023 as against Tk. (1.72) for January-March 2022. NAV per share was Tk. 15.24 as on March 31, 2023 and Tk. 17.21 as on December 31, 2022. Reasons for deviation in NOCFPS: NOCFPS has been increased due to decrease of payment of management expenses, re-insurance and claim.
- 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 May 14, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2023.
- The auditor of the Meghna Insurance Company Limited has given the \"Emphasis of Matter\" paragraph in the PSI for the ye
The auditor of the Meghna Insurance Company Limited has given the \"Emphasis of Matter\" paragraph in the PSI for the year ended on 31 December 2022. \"Emphasis of Matter: We draw your attention to note no. 3.14.b regarding \"Workers\' Participation Fund and Welfare Fund\" which states that \"Section 234 of chapter 15 of Labor Law 2006 (as amended in 2013) requires every company to establish a workers\' Participation Fund and Welfare Fund. However, BFID, (cont.1)
- (Continuation news of MEGHNAINS): on behalf of the financial institution sector, clarification from the labor ministry r
(Continuation news of MEGHNAINS): on behalf of the financial institution sector, clarification from the labor ministry regarding the applicability of the provisions for the sector. Similarly, Bangladesh Insurance Association has corresponded with Financial Ministry on this matter requesting for exemption for Insurance Companies. As no decision has been yet concluded on such communications, the participation fund amount is yet to be distributed among the workers\", note no 17.00 regarding (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of MEGHNAINS): \"Investment in Treasury Bond\" which states that \"As per S.R.O. No. 353/Ain/2019 dat
(Continuation news of MEGHNAINS): \"Investment in Treasury Bond\" which states that \"As per S.R.O. No. 353/Ain/2019 dated: 19 November 2019, regarding Investment of Assets of Non-Life Insurer the minimum required investment in Government securities is 7.5\%. The company\'s Investment in Government securities is lower than the mentioned amount during the year ended 31 December 2022. However, the company will invest the required amount in government securities (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of MEGHNAINS): within the shortest possible time.\" and also Note no. 41.00 regarding \"Contingent Li
(Continuation news of MEGHNAINS): within the shortest possible time.\" and also Note no. 41.00 regarding \"Contingent Liability\" which describe that \"There was a demand of Tk. 365,119,852.00 by the income tax authority for payment of tax in excess of the amount of management expenses claimed by the company during the accounting years from 2008 to 2021. The company filed a writ to the High court division of the honorable supreme court of Bangladesh. (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of MEGHNAINS): The company is very much hopeful to get Judgment in its favor as Appellate Tribunal Be
(Continuation news of MEGHNAINS): The company is very much hopeful to get Judgment in its favor as Appellate Tribunal Bench accepted excess management expenses Tk. 167,89,870.00 in assessment year 2008-2009\". However, our opinion is not modified in respect of these matters.\" (end)
The first part of this announcement is missing from the archive. - The Board of Directors has recommended 10\% cash dividend for the year ended December 31, 2022. Date of AGM: 25.06.2023,
The Board of Directors has recommended 10\% cash dividend for the year ended December 31, 2022. Date of AGM: 25.06.2023, Time: 11:30 AM, Venue: Virtual Platform. Record Date: 25.05.2023. The Company has reported EPS of Tk. 1.32, NAV per share of Tk. 17.21 and NOCFPS of Tk. (1.33) for the year ended December 31, 2022 as against Tk. 0.94, Tk. 17.88 and Tk. 6.13 respectively for the year ended December 31, 2021. The company has also informed that (cont.)
- Dividend Declaration
(Continuation news of MEGHNAINS): EPS has increased from the last year due to IPO amount inject, increase in Premium income, Non-operating Income & Decrease in Financial Cost. NOCFPS and NAV Per Share have decreased from the last year due to increase number of shares (weighted average number of shares). (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 (17.04.2023) 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 April 16, 2023 at 2:00 PM to consider, among others, audited financial statements of the company for the year ended December 31, 2022.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended December 31, 2021 to the respective shareholders.
- Category Change
The Company will be placed in 'B' category from existing 'N' category with effect from January 29, 2023 as the Company has reported disbursement of 3% Cash dividend for the year ended December 31, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.