MJL Bangladesh PLC announcements
254 Dhaka Stock Exchange announcements for MJL Bangladesh PLC (MJLBD) since 2011: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (29).
- Credit Rating Information and Services Limited (CRISL) has rated the Company as \"AAA\" in the long term and \"ST-1\" in
Credit Rating Information and Services Limited (CRISL) has rated the Company as \"AAA\" in the long term and \"ST-1\" in the short term along with Stable outlook of the Company based on audited financial statements up to June 30, 2022; unaudited financial up to September 30, 2022 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- The company has informed that the board of directors has decided to place following special business agendas, among othe
The company has informed that the board of directors has decided to place following special business agendas, among others, for approval of shareholders in 24th AGM scheduled to be held on December 26, 2022 at 3.00 PM. Special business: 1. It has been resolved that the proposal for changing the registered name of the Company to \'MJL Bangladesh PLC\' from \'MJL Bangladesh Limited\' in accordance with the Companies Act 1994 (amended in 2020) and to effect the change in the registered name of the (cont.1)
- (Continuation news of MJLBD): Company as \'MJL Bangladesh PLC\', the amendment of the relevant clauses of the Memorandum
(Continuation news of MJLBD): Company as \'MJL Bangladesh PLC\', the amendment of the relevant clauses of the Memorandum and Articles of Association of the Company be and are hereby approved, subject to the approval of the regulatory authorities. 2. a. It has been resolved that the Board of the company be and is hereby authorized to approve the issuance of Corporate Guarantee and/or delegate the authority to the Management of the Company to approve the issuance of Corporate Guarantee (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of MJLBD): in favour of any scheduled banks or financial institutions as security of loan(s) or credi
(Continuation news of MJLBD): in favour of any scheduled banks or financial institutions as security of loan(s) or credit facilities sanctioned/to be sanctioned in favour of its associates, subsidiaries and sister concerns. b. It has been further resolved that the resolution adopted by the Board of Directors in its 121st Board Meeting for the issuance of corporate guarantee on behalf of MJL (S) Pte Limited in Singapore for USD 40.00 Million instead of existing USD 20.00 Million (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of MJLBD): in favour of (i) Standard Chartered Bank Singapore; and (ii) Hongkong Shanghai Banking Cor
(Continuation news of MJLBD): in favour of (i) Standard Chartered Bank Singapore; and (ii) Hongkong Shanghai Banking Corporation Singapore, each for securing the repayment of credit facilities availed/to be availed by MJL (S) Pte. Limited be and is hereby approved. c. It has been further resolved that the proposal for issuance of Corporate Guarantee in favour of Standard Chartered Bank for and on behalf of Omera Petroleum (cont.4)
The first part of this announcement is missing from the archive. - Regarding name change, corporate guarantee and related party transaction
(Continuation news of MJLBD): Limited, a subsidiary of the company as security of loan(s) or credit facilities sanctioned/ to be sanctioned be and is hereby approved. 3. It has been resolved that the company as holding company be and is hereby allowed to carry out related party transactions with its subsidiary as disclosed in the Notes-36 of the Company's Audited Financial Statements for the year ended June 30, 2022. (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 20.11.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2022
- 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 15.11.2022 to 16.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2022.
- (Q1 Un-audited): Consolidated EPS was Tk. 2.11 for July-September, 2022 as against Tk. 1.87 for July-September, 2021; Co
(Q1 Un-audited): Consolidated EPS was Tk. 2.11 for July-September, 2022 as against Tk. 1.87 for July-September, 2021; Consolidated NOCFPS was Tk. (0.55) for July-September, 2022 as against Tk. 0.96 for July-September, 2021. Consolidated NAV per share was Tk. 42.68 as on September 30, 2022 and Tk. 40.57 as on June 30, 2022. (cont.)
- Q1 Financials
(Continuation news of MJLBD): Reasons for significant deviation: Consolidated EPS has been increased due to increased sales price, Gross Profit and reduction of corporate tax. Consolidated NOCFPS has been decreased due to increase of payment to suppliers, finance charges and investment in working capital. (end)
The first part of this announcement is missing from the archive. - Change of Time of Board Meeting under LR 16(1)
The Company has further informed that, due to unavoidable circumstances, 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 November 10, 2022 at 8:30 PM instead of 3.00 PM.
- The auditor of the MJL Bangladesh Limited has given the \"Emphasis of matter\" paragraph in the Auditor\'s Report for th
The auditor of the MJL Bangladesh Limited has given the \"Emphasis of matter\" paragraph in the Auditor\'s Report for the year ended 30 June, 2022. Emphasis of matter: We draw attention to Note 2.18.iii & 38 to the financial statements which state that the company took a legal opinion as to the applicability of the Worker\'s Profit Participation Fund [WPPF) for the company. (cont. 1)
- (Continuation news of MJLBD): Since the implementation of WPPF lies within the domain of the Ministry of Labour and Enfo
(Continuation news of MJLBD): Since the implementation of WPPF lies within the domain of the Ministry of Labour and Enforcement, the company did not create provisions for the Worker\'s Profit Participation Fund and Worker\'s Welfare Fund in accordance with Bangladesh Labour (Amendment) Act 2013, Chapter XV, section 232. However, as per Bangladesh Labour (Amendment) Act 2013 (cont. 2)
The first part of this announcement is missing from the archive. - Emphasis of matter
(Continuation news of MJLBD): the estimated financial effect as the contingent liability of WPPF for the year 2021-2022 is BDT 107,505,513, and the cumulative effect as contingent liability as of 30 June 2022 is BDT 1,093,951,121. Our opinion is not modified with respect to the matter emphasized (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 10, 2022 at 03:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2022.
- Declaration of Share receipt by a Director
Mr. Azam J Chowdhury, one of the Nominated Directors of the Company will receive 1,30,000 shares from Late Marina Yasmin Chowdhury, Placement Shareholder of the company, by way of nomination.
- Refer to their earlier news disseminated by DSE on 28.04.2022 regarding purchase of AFRAMAX Tanker, the company has furt
Refer to their earlier news disseminated by DSE on 28.04.2022 regarding purchase of AFRAMAX Tanker, the company has further informed that considering substantially enhancement of the old vessel price in the market, operational cost efficiency, environmentally friendly operation as per IMO regulation, twice useful life to operate and higher freight earnings, of newly built vessel, the Board of Directors of the Company has approved to purchase (cont.)
- Purchase of newly built AFRAMAX Tanker
(Continuation news of MJLBD): newly built AFRAMAX oil Tanker with an amount of USD 75.00 million instead of earlier approved 10-12 years old AFRAMAX tanker at a price USD 30.72 million with a capacity of 115K DWT. (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 (25.10.2022) following its corporate declaration.
- Dividend Declaration
The Board of Directors has recommended 50% cash dividend for the year ended June 30, 2022. Date of AGM: 26.12.2022, Time: 3:00 PM, Venue: Digital Platform. Record Date: 17.11.2022. The Company has also reported Consolidated EPS of Tk. 6.36, Consolidated NAV per share of Tk. 40.55 and Consolidated NOCFPS of Tk. 5.28 for the year ended June 30, 2022 as against Tk. 7.53, Tk. 39.69 and Tk. 8.24 respectively for the same period of the previous year.
- 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 24, 2022 at 4:30 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 1.43 for January-March 2022 as against Tk. 2.09 for January-March 2021; Consolidated EPS was Tk. 4.81 for July 2021-March 2022 as against Tk. 5.73 for July 2020-March 2021. Consolidated NOCFPS was Tk. 3.84 for July 2021-March 2022 as against Tk. 5.30 for July 2020-March 2021. Consolidated NAV per share was Tk. 38.99 as on March 31, 2022 and Tk. 39.69 as on June 30, 2021.
- Purchase of AFRAMAX Tanker
The Company has informed that the Board of Directors has approved to purchase an AFRAMAX Oil Tanker at an agreed price of USD 29.75 million and additional USD 976,000 for bunkers, spares, lubricants, registration, legal cost etc.
- 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 27, 2022 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2022.
- Appointment of Chairman
The Company has informed that Mr. Md. Mahbub Hossain has been appointed as the Chairman of the Company.
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 1.50 for October-December 2021 as against Tk. 2.53 for October-December 2020; Consolidated EPS was Tk. 3.37 for July-December 2021 as against Tk. 3.64 for July-December 2020. Consolidated NOCFPS was Tk. 1.72 for July-December 2021 as against Tk. 5.43 for July-December 2020. Consolidated NAV per share was Tk. 37.56 as on December 31, 2021 and Tk. 39.69 as on June 30, 2021.
- 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 30, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended June 30, 2021 to the respective shareholders.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.