Mozaffar Hossain Spinning Mills Limited announcements
204 Dhaka Stock Exchange announcements for Mozaffar Hossain Spinning Mills Limited (MHSML) since 2014: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2015 (18).
- Changing mode of dividend in the AGM
The Company has further informed that on the basis of demand of the general shareholders, the board had suspended the AGM for time being and hold an emergency board meeting where they decided to accept the proposals of the shareholders present in the meeting to pay 20% Stock Dividend to all the shareholders Instead of previously declared 5% cash dividend to the general public shareholders other than Sponsors/Directors shareholders and 15% stock dividend to the all shareholders for the year ended on June 30, 2015. The 10th AGM was eventually conducted accordingly and the above proposal was accepted by majority shareholders present in the meeting.
- Resumption News after Record date
Normal trading of the shares of the Company will resume on 23.11.2015 after record date.
- Suspension News for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 22.11.2015.
- Spot News for AGM
Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per spot settlement cycle with cum benefit from 18.11.2015 to 19.11.2015. Trading of the shares of the Company will remain suspended on record date i.e., 22.11.2015.
- Furnishing 12 digit e-TIN
The Company has requested the shareholders to update their 12 digits e - TIN number, Bank Accounts, Address, Mobile Number in the BO Account through their respective DPs before the record date i.e. November 22, 2015. If anyone fails to update their e - TIN information before the record date, disbursement of respective dividend will be subject to deduction of Advance Income Tax (AIT) @ 15% instead of 10% as per amendment Income Tax Ordinance, 1984 under Section 54.
- Processing of Foreign Loan for expansion of a project
The Company has informed that the Board of Directors has decided that they will process for Foreign Loan of $ 15.00 Million, from The Islamic Corporation for the Development of the Private Sector (ICD) - an affiliated with the Islamic Development Bank (IDB) Group, KSA and local financer the Islami Bank Bangladesh Ltd. jointly, facilitated by AAA Finance & Investment Ltd. subject to approval of all concerned Regulatory Authorities. The said fund will be used for expansion of the Ring project of the Company.
- Q1 Financials (Revised)
With reference to their earlier news (disseminated by DSE on 01.11.15, regarding their unaudited 1st quarterly statements), the Company has further informed that their EPS for July-September, 2014 would be Tk. 0.70 instead of earlier declared Tk. 0.88. Other information will remain unchanged.
- Dividend Declaration
The Board of Directors has recommended 5% cash dividend for general shareholders (excluding Sponsors/Directors) and 15% stock dividend for all the shareholders for the year ended on June 30, 2015. Sponsors/Directors hold 30,930,312 shares. General shareholders will get cash dividend of Tk. 2,,35,81,719.00. Date of AGM: 20.12.2015, Time: 10:30 AM, Venue: DOHS Baridhara Convention Center, Baridhara, Dhaka Cantonment, Dhaka-1206. Record Date: 22.11.2015. The Company has also reported EPS of Tk. 2.25, NAV per share of Tk. 16.84 and NOCFPS of Tk. 2.50 for the year ended on June 30, 2015.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (01.11.2015) following its corporate declaration.
- Q1
EPS for July-September, 2015 was Tk. 0.93 as against Tk. 0.88 for July-September, 2014; NOCFPS was Tk. 0.52 for July-September, 2015 as against Tk. 0.51 for July-September, 2014. NAV per share was Tk. 17.76 as of September 30, 2015 and Tk. 19.10 as of June 30, 2015.
- Board Meeting
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 29, 2015 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2015.
- 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 29, 2015 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2015.
- Building Establishment
With reference to their earlier news disseminated by DSE on 15.04.2015 regarding purchase of 2 (two) Rotor Machines, the Company has further informed that they have already established and started its production with the 2 Machines and for this establishment, the building has extended bearing Tk. 3,84,76,940.00 only as building construction cost.
- Credit Rating Result
Alpha Credit Rating Limited (AlphaRating) has rated the Company as 'BBB' in the long term and 'AR-4' in the short term along with a Negative outlook based on audited financial statement of the Company up to June 30, 2014, six months period ended December 31, 2014 and relevant qualitative information up to July 08, 2015.
- Printing Project Purchase
The Company has informed that the Board of Directors of the Company has decided to purchase a Printing Project with value of Tk. 90.90 million. That will be considered as printing project of Mozaffar Hossain Spinning Mills Limited from which turnover and net profit will be Tk. 200.00 million and Tk. 80.00 million respectively i.e. more than 25% profit will increase of the Company with effect from October 2015.
- Q3
Net Profit after tax from Jan15 to March15 was Tk. 53.49 million with EPS of Tk. 0.69 as against Tk. 37.05 million and Tk. 0.59 respectively for the same period of the previous year. Whereas Net Profit after tax from July14 to March15 was Tk. 163.23 million with EPS of Tk. 2.09 as against Tk. 78.85 million and Tk. 1.27 respectively for the same period of the previous year.
- purchase 2 Rotor Machines
The Company has informed that the Board has decided to purchase 2 Rotor Machines by investing Tk. 1.25 crore that may increase the production capacity up to 30% effective from July 2015.
- Half Yearly Financials
(H/Y Un-audited): Net profit after tax from July14 to Dec14 was Tk. 109.74 million with EPS of Tk. 1.41 as against Tk. 41.78 million and Tk. 0.77 (restated) respectively for the same period of the previous year. Whereas net profit after tax from Oct14 to Dec14 was Tk. 55.07 million with EPS of Tk. 0.71 as against Tk. 17.55 million and Tk. 0.32 (restated) respectively for the same period of the
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.