MIDAS Financing PLC. announcements
330 Dhaka Stock Exchange announcements for MIDAS Financing PLC. (MIDASFIN) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2023 (23).
- Alpha Credit Rating Limited (AlphaRating) has assigned the surveillance rating of the Company as \"A\" in the long term
Alpha Credit Rating Limited (AlphaRating) has assigned the surveillance rating of the Company as \"A\" 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 and relevant qualitative information till November 12, 2023.
- Resumption after Record date
Trading of the shares of the company will resume on 08.11.2023.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 07.11.2023.
- 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 with cum benefit from 05.11.2023 to 06.11.2023 and trading of the shares will remain suspended on record date i.e., 07.11.2023.
- Sale confirmation of a Sponsor
Mr. Mohammed Ikramullah, one of the Sponsors of the company, has further informed that he has completed his sale of 9,65,210 shares of the Company at prevailing market price through Dhaka Stock Exchange Limited (DSE) as per declaration news disseminated by DSE on 23.10.2023.
- The auditor of the company has given the \"Matter of Emphasis\" paragraph in the Auditor\'s Report of the company for th
The auditor of the company has given the \"Matter of Emphasis\" paragraph in the Auditor\'s Report of the company for the year ended December 31, 2022. \"Matter of Emphasis: MIDAS Financing Limited has lease, loan and advances amounting to BDT 1014.66 crore in which classified loan is of BDT 166.98 crore and unclassified loan is of BDT 847.67 crore. As per the requirements of the Bangladesh Bank total shortfall provision (cont.1)
- (Continuation news of MIDASFIN): against twenty individual lease, loan and advances is BDT 24.28 crore & other provision
(Continuation news of MIDASFIN): against twenty individual lease, loan and advances is BDT 24.28 crore & other provision is BDT 5.99 crore. In this regard, the entity has appealed for availing deferral facility to DFIM of Bangladesh Bank. Bangladesh Bank has issued a letter reference no. DFIM(C)1054/41/2023-2191 dated 22 June 2023 to adjust the shortfall of provision in the next five (05) years from 2022. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of MIDASFIN): However, the entity kept additional provision for lease, loan and advances is BDT 5.192
(Continuation news of MIDASFIN): However, the entity kept additional provision for lease, loan and advances is BDT 5.19258 crore, and for other provision is BDT 1.20 crore. As a result, the entity has maintained a total provision against lease, loan and advances amounting to BDT 67.85 crore and other provision is BDT 6.00 crore under \"Other Liabilities\" in the statement of financial position.\" (end)
The first part of this announcement is missing from the archive. - Sale declaration of a Sponsor
Mr. Mohammed Ikramullah, one of the Sponsors of the company, has expressed his intention to sell 9,65,210 shares out of his holding of 10,42,691 shares of the Company at prevailing market price (In the Public/Block Market) through Dhaka Stock Exchange Limited (DSE) within October 31, 2023.
- The Board of Directors has recommended 1.5\% Cash Dividend for the year ended December 31, 2022. Date of AGM: 22.11.2023
The Board of Directors has recommended 1.5\% Cash Dividend for the year ended December 31, 2022. Date of AGM: 22.11.2023, Time: 10:30 AM, Venue: Digital Platform. Record Date: 07.11.2023. The Company has also reported Consolidated EPS of Tk. 0.06, Consolidated NAV per share of Tk. 11.60 and Consolidated NOCFPS of Tk. (3.85) for the year ended December 31, 2022 as against Tk. 0.59 (restated), Tk. 11.64 (restated) and Tk. 1.31 (restated) respectively for the year ended December 31, 2021. (cont.)
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. (1.83) for January-March 2023 as against Tk. (1.21) for January-March 2022. Consolidated NOCFPS was Tk. 0.61 for January-March 2023 as against Tk. 0.50 for January-March, 2022. Consolidated NAV per share was Tk. 9.77 as on March 31, 2023 and Tk. 11.60 as on December 31, 2022.
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. (1.14) for April-June 2023 as against Tk. (0.44) (restated) for April-June 2022; Consolidated EPS was Tk. (2.97) for January-June 2023 as against Tk. (1.65) (restated) for January-June 2022. Consolidated NOCFPS was Tk. 0.62 for January-June 2023 as against Tk. 0.34 (restated) for January-June 2022. Consolidated NAV per share was Tk. 8.63 as on June 30, 2023 and Tk. 11.60 (restated) as on December 31, 2022.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (17.10.2023) following its corporate declaration. However, the floor price shall be applicable accordingly.
- Dividend Declaration and Board decision to open Islamic Financing Wing
(Continuation news of MIDASFIN): The Board has also decided to open Shariah based Islamic Financing Wing of the company and amend the relevant clauses of the Memorandum and Articles of Association of the Company, subject to the approval of the shareholders and regulatory authorities. (end)
The first part of this announcement is missing from the archive. - Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. (0.85) for July-September 2023 as against Tk. (0.66) (restated) for July-September 2022; Consolidated EPS was Tk. (3.82) for January-September 2023 as against Tk. (2.31) (restated) for January-September 2022. Consolidated NOCFPS was Tk. 1.49 for January-September 2023 as against Tk. (2.59) (restated) for January-September 2022. Consolidated NAV per share was Tk. 7.78 as on September 30, 2023 and Tk. 11.60 (restated) as on December 31, 2022.
- Reschedule of Board Meeting under LR 19(1)
The Company has further informed that the Board meeting under LR 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on October 16, 2023 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2022.
- Reschedule of Board Meeting under LR 16(1)
The Company has further informed that the meeting of the Board of Directors of the Company as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on October 16, 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 and Second Quarter (Q2) period ended June 30, 2023.
- 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 16, 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.
- Postponement of Board Meeting schedule under LR 16(1)
The Company has further informed that due to unavoidable circumstances, the meeting scheduled to be held on July 30, 2023 at 3:00 PM as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2023, has been postponed. New date and time of the meeting will be notified later.
- Postponement of Board Meeting schedule under LR 19(1)
The Company has further informed that due to unavoidable circumstances, the meeting scheduled to be held on July 30, 2023 at 3:00 PM as per LR 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, to consider, among others, audited financial statements of the Company for the year ended December 31, 2022, has been postponed. New date and time of the meeting will be notified later.
- 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 30, 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 and Second Quarter (Q2) period ended June 30, 2023 respectively.
- 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 July 30, 2023 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2022.
- Election of Chairman
The company has informed that the Board of Directors has elected Mr. Ali Imam Majumder as the Chairman of the company.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.