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 2022 (31).
- Resumption after record date
Trading of the shares of the Company will resume on 30.11.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 29.11.2022.
- 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 27.11.2022 to 28.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 29.11.2022.
- The auditor of the Mozaffar Hossain Spinning Mills Ltd. has given the \"Emphasis of matter\" paragraphs in the Auditor\'
The auditor of the Mozaffar Hossain Spinning Mills Ltd. has given the \"Emphasis of matter\" paragraphs in the Auditor\'s Report for the year ended 30 June, 2022. Matter of emphasis: Without qualifying our opinion, we draw attention to the fact disclosed in note no. 8.01, 23.00 and 33.00. Note no. 8.01: The above Inventories are as per physical counting made and valued by an Inventory team comprised of management nominated staff to carryout the Inventory verification except as stated (cont.1)
- (Continuation news of MHSML): below. Inventories in hand have been valued at lower of cost and net realizable value as p
(Continuation news of MHSML): below. Inventories in hand have been valued at lower of cost and net realizable value as per IAS-2. Inventories were hypothecated against working capital facilities availed from the bank (Islami Bank BD Ltd.). Due to fire in the factory on 26.02.2021, factory premises, machineries and inventory was damaged and an estimation of the damaged material completed by management, Fire service & Civil defense authority, and independent surveyor appointed by Insurance Company (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of MHSML): which is not yet finalized. As all the material, building and machineries were covered by
(Continuation news of MHSML): which is not yet finalized. As all the material, building and machineries were covered by fire insurance a claim has been lodged on the basis of primary assessment by the company amount of which is Tk. 16.97 crore. However, after completing the assessment the management will make the accounting effect in the books of record and no effect has been given during this period as the amount is not confirmed. As Management always complied with all the rules & regulations (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of MHSML): related to the fire policy & safety plan so hopefully will get the total claim against dam
(Continuation news of MHSML): related to the fire policy & safety plan so hopefully will get the total claim against damaged Goods after finalization of the assessment of loss due to fire in factory premises. Note no. 23.00: Total value of Accrued Expenses was Tk. 165,478,340 as on 30 June 2022 and the same was 105,959,129 as on 30 June 2021. Note no. 33.00: General: i) Stock in quantity & value on the basis of physical receiving of goods. As all consignment\'s arrival at warehouse through (cont.4)
The first part of this announcement is missing from the archive. - Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.33 for July-September, 2022 as against Tk. 0.24 for July-September, 2021; NOCFPS was Tk. 0.06 for July-September, 2022 as against Tk. 1.09 for July-September, 2021. NAV per share was Tk. 20.23 as on September 30, 2022 and Tk. 19.90 as on June 30, 2022.
- Emphasis of matter
(Continuation news of MHSML): import by L/C. As the entity received commercial documents (Bill of entry and other related documents) after the cutoff date. So mushak against these consignments issued after the financial year. ii) The receivable issues were under police Judication as the concern filled a case as well as the party had already agreed about receiving the goods against their LC. As there is possibility to receive the amount. (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 14, 2022 at 3:30 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 6\% Cash Dividend for the year ended June 30, 2022. Date of AGM: 29.12.2022, Time
The Board of Directors has recommended 6\% Cash Dividend for the year ended June 30, 2022. Date of AGM: 29.12.2022, Time: 11:45 AM, Venue: Digital Platform. Record Date: 29.11.2022. The Company has also reported EPS of Tk. 1.92, NAV per share of Tk. 19.90 and NOCFPS of Tk. 2.16 for the year ended June 30, 2022 as against Tk. 0.52, Tk. 18.16 and Tk. (10.39) respectively for the same period of the previous year. (cont.)
- Dividend Declaration
(Continuation news of MHSML): The company has also informed that EPS has been increased due to increase in selling price of yarn compared to the previous year. The effect of production and sales from the new Ring Spinning Unit and full capacity utilization at Rotor unit, as well as the current price hike of yarn helps the company to get high positive changes at all indicators. (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 (30.10.2022) following its corporate declaration. However, as per the BSEC Order No. BSEC/CMRRCD/2001-07/39 dated July 28, 2022, 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 October 29, 2022 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- (Continuation news of MHSML): The Company has also informed that the effect of production and sales from the new Ring Sp
(Continuation news of MHSML): The Company has also informed that the effect of production and sales from the new Ring Spinning Unit and full capacity utilization at Rotor unit, as well as the current price hike of yarn helps the company to get high positive changes at all indicators. (end)
The first part of this announcement is missing from the archive. - Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.74 for January-March 2022 as against Tk. 0.49 for January-March 2021; EPS was Tk. 1.71 for July 2021-March 2022 as against Tk. 0.12 for July 2020-March 2021. NOCFPS was Tk. 4.87 for July 2021-March 2022 as against Tk. (5.00) for July 2020-March 2021. NAV per share was Tk. 19.69 as on March 31, 2022 and Tk. 18.16 as on June 30, 2021. (cont.)
- 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 2:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2022.
- Emerging Credit Rating Limited (ECRL) has assigned the credit rating of the Company as \"BB+\" in the long term and \"ST
Emerging Credit Rating Limited (ECRL) has assigned the credit rating of the Company as \"BB+\" in the long term and \"ST-4\" in the short term along with a stable outlook based on audited financial statements of FY 2017-2021, six months unaudited financial statements of FY 2022 and other relevant qualitative and quantitative information up to the date of rating.
- Recovery of Insurance Claim
The Company has informed that the Board of Directors of the Company has approved the recovery of Insurance Claim to BDT 53,32,551.00 (Net amount after deducting surveyor fees) as full and final settlement against the claim due to losses cause by fire hazard taken placed as on February 12, 2021. This amount will be utilized against repayment of loan, reconstruction of Shed and other related emergent expenditure of the Company.
- The Company has informed that the Board of Directors of the Company has finalized to go with a 2nd phase expansion with
The Company has informed that the Board of Directors of the Company has finalized to go with a 2nd phase expansion with 10,200 spindles based ring spinning unit. They also finalized a captive power capacity 2.00 MW. Total Investment requirement for the expansion with captive power will be BDT 90.00 crore (Approx.) where 70.00 crore will be financed by Bank Loan and balance will be provided from reserve and profit. (cont.)
- 2nd phase expansion with 10,200 spindles based ring spinning unit
(Continuation news of MHSML): The new production line is designed to produce high-end value added blended yarns. After completion of the new production line and commencement of production. Per day production capacity will be increased 8 M.T/day. The captive power will be used to support low cost utilities to the overall production facilities. (end)
The first part of this announcement is missing from the archive. - Resumption after record date
Trading of the shares of the Company will resume on 10.02.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 09.02.2022 for EGM.
- Spot for EGM
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 from today 07.02.2022 to 08.02.2022. Trading of the shares of the Company will remain suspended on record date i.e., 09.02.2022 for EGM.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended June 30, 2021 to the respective shareholders.
- The Company has informed that the Board of Directors has decided to hold an EGM to add of a new Clause as under the Obje
The Company has informed that the Board of Directors has decided to hold an EGM to add of a new Clause as under the Object Clause (Clause-III) of the Memorandum of Association of the Company. The following new sub-clause numbered as 53(a) be and is hereby inserted after Clause 53 of the Object Clause (Clause-III) of the Memorandum of Association of the Company: (cont. 1)
- (Continuation news of MHSML): \"53(a) To mortgage the property and assets of\' the Company as security for loan(s) and o
(Continuation news of MHSML): \"53(a) To mortgage the property and assets of\' the Company as security for loan(s) and or any credit facilities to be given to any associate Company or Companies and or third party associate(s) and also to give guarantee securing liabilities loans of such associate Company or companies and or third party associate(s)\". (cont. 2)
The first part of this announcement is missing from the archive. - (Q2 Un-audited): EPS was Tk. 0.73 for October-December 2021 as against Tk. 0.03 for October-December 2020; EPS was Tk. 0
(Q2 Un-audited): EPS was Tk. 0.73 for October-December 2021 as against Tk. 0.03 for October-December 2020; EPS was Tk. 0.97 for July-December 2021 as against Tk. (0.39) for July-December 2020. NOCFPS was Tk. 4.33 for July-December 2021 as against Tk. (7.54) for July-December 2020. NAV per share was Tk. 19.13 as on December 31, 2021 and Tk. 18.16 as on June 30, 2021. (cont.)
- Q2 Financials
(Continuation news of MHSML): The Company has also informed that the effect of production and sales from the new Ring Spinning Unit and full capacity utilization at Rotor unit, as well as the current price hike of yarn helps the Company to get high positive changes at all indicators. (end)
The first part of this announcement is missing from the archive. - Decision to hold an EGM
(Continuation news of MHSML): The Company has also informed that the above resolution as approved by the members will be effective after and to the extent it is approved by the Hon'ble Company Judge of the Honorable High Court Division of the Supreme Court of Bangladesh. Date of EGM: 05.03.2022, Time: 11:30 AM, Venue: Digital Platform. Record Date for EGM: 09.02.2022. (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 January 18, 2022 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.