Meghna Life Insurance PLC announcements
339 Dhaka Stock Exchange announcements for Meghna Life Insurance PLC (MEGHNALIFE) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (19).
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended December 31, 2021 to the respective shareholders.
- Dividend Disbursement
The Company has informed that it has credited the Bonus shares for the year ended December 31, 2021 to the respective shareholders' BO Accounts.
- Q3 Financials
(Q3 Un-audited): Net operating cash flow per share (NOCFPS) was Tk. (30.23) for January-September 2022. The Company also informed that quarterly Net Asset Value (NAV), Earning per share (EPS) could not be calculated as the Actuarial Valuation of Life Insurance Company is done annually.
- 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 23, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2022.
- Q1 Financials
(Q1 Un-audited): Net Operating Cash Flow (NOCFPS) was Tk. (10.18) for January-March 2022. The Company also informed that quarterly Net Asset Value (NAV), Earning per share (EPS) could not be calculated as the Actuarial Valuation of Life Insurance Company is done annually.
- Q2 Financials
(Q2 Un-audited): Net operating cash flow per share (NOCFPS) was Tk. (25.81) for January-June 2022. The Company also informed that quarterly Net Asset Value (NAV), Earning per share (EPS) could not be calculated as the Actuarial Valuation of Life Insurance Company is done annually.
- Resumption after record date
Trading of the shares of the company will resume on 26.09.2022 after record date.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 25.09.2022.
- 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 21.09.2022 to 22.09.2022 and trading of the shares will remain suspended on record date i.e., 25.09.2022.
- 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 September 22, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2022 and the Second Quarter (Q2) period ended June 30, 2022.
- The auditor of the Meghna Life Insurance Co. Ltd. has given the \"Emphasis of Matter\" paragraphs in the auditor\'s repo
The auditor of the Meghna Life Insurance Co. Ltd. has given the \"Emphasis of Matter\" paragraphs in the auditor\'s report for the year ended December 31, 2021. Emphasis of Matter: a. We draw attention to the financial statements as per requirement of S.R.O. No. 161-Law/2018. Schedule 1, Section 21, dated 29 November 2018 the Company total investment should be 18,401 million which is equivalent with the policyholder liability where the Company experienced about 18.2\% (cont.1)
- (Continuation news of MEGHNALIFE): the deficit investment compared to the requirement. Our opinion is not modified in th
(Continuation news of MEGHNALIFE): the deficit investment compared to the requirement. Our opinion is not modified in this regard. b. We draw attention to the financial statements as per requirement of SRO 360 - Ain 2019, Section -5 Dated 19 November 2019 issued by IDRA where, mentioned that the Life Insurance Company should invest Govt. Securities at least 30\% amount on either Policyholder Liability or Insurer Assets. The Company has made an investment on 31 December, 2021 (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of MEGHNALIFE): of Tk. 4,090.06 million in Govt. securities whereas, the 30\% on Insurer balance is T
(Continuation news of MEGHNALIFE): of Tk. 4,090.06 million in Govt. securities whereas, the 30\% on Insurer balance is Tk. 5,407.44 million as per actuarial valuation on 31 December, 2020 as a result the deficit investment amount originated Tk. 1,317.38 million. Our opinion is not modified in this regard c. We draw attention to the note no # 19 of the financial statements that the Company has made investments in several banks and NBFI whereas, ILFSL and PLFSL investment amounts (cont.3)
The first part of this announcement is missing from the archive. - Emphasis of Matter
(Continuation news of MEGHNALIFE): are 256.85 and 70 million respectively. Both the financial Company are in now going concern threat. On the other hand, they are not providing the interest to the company in regular intervals and the accrued interest amount 6.53 and 23.74 million respectively. The management of the Company is trying to withdraw the investment amount and they have already issued letter to the investment Company. Our opinion is not modified in this regard. (end)
The first part of this announcement is missing from the archive. - The Board of Directors has recommended 15\% cash and 10\% stock dividend for the year ended December 31, 2021. Date of A
The Board of Directors has recommended 15\% cash and 10\% stock dividend for the year ended December 31, 2021. Date of AGM: 19.10.2022, Time: 11:00 AM, Venue: Digital Platform. Record Date: 25.09.2022. The Company has also informed that reasons for declaration of stock dividend: Stock dividend is not declared from share premium of capital reserve or revaluation reserve of any unrealized gain (cont.)
- Dividend Declaration
(Continuation news of MEGHNALIFE): or out of profit earned prior or incorporation of the Company or through reducing paid up capital or through doing anything so that the post-dividend retained earnings become negative or a debit balance. The Company will use the amount of the declared stock dividend to invest in Fixed Deposit, Bond and stock market to enhance the future return on investment and for business expansion. (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 (05.09.2022) following its corporate declaration.
- 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 September 04, 2022 at 4:00 PM to consider, among others, audited financial statements of the company for the year ended December 31, 2021.
- Credit Rating Agency of Bangladesh Limited (CRAB) has announced the Rating of the Company as \"AA3\" in the long term al
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the Rating of the Company as \"AA3\" in the long term along with stable outlook based on audited financial statements as of December 31, 2020 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.