Paramount Textile PLC. announcements
243 Dhaka Stock Exchange announcements for Paramount Textile PLC. (PTL) since 2013: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2017 (24).
- Buy Intimation
Paramount Insurance Company Limited (where some Directors of Paramount Insurance Company Limited are also the Directors of Paramount Textile Limited) has expressed its intention to buy 2,50,000 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (DSE) within next 30 working days.
- Query Response
In response to a DSE query dated November 27, 2017, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Resumption after record date
Trading of the shares of the Company will resume on 16.11.2017 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 15.11.2017.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.42 for July-September, 2017 as against Tk. 0.41 for July-September, 2016; NOCFPS was Tk. 0.61 for July-September, 2017 as against Tk. 0.24 for July-September, 2016. NAV per share was Tk. 21.46 as on September 30, 2017 and Tk. 21.05 as on June 30, 2017.
- Spot News
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 13.11.2017 to 14.11.2017. Trading of the shares of the Company will remain suspended on record date i.e., 15.11.2017.
- 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, 2017 at 2:45 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2017.
- Updating information
The Company has requested the members to update their 12 digits e-Tin number, Bank Accounts, Address and Mobile Number in the BO Account through their respective DPs. If anyone fails to update their e-Tin information; Income Tax at source will be deducted from Cash Dividend @ 15% instead of 10% as per Section 54 of the amended Income Tax Ordinance, 1984.
- Issuance of Non Convertible Zero Coupon Bond
The Company has informed that BSEC has given consent vide their letter dated October 31, 2017, under the provisions of the Securities and Exchange Commission, (Private Placement of Debt Securities) Rules, 2012 to the Company for raising of capital through issuance of Non Convertible Zero Coupon Bond of Tk. 50.00 crore only through private placement which will be redeemable by 4 years and IDLC Finance Limited will work as Mandated Lead Arranger of the Bond.
- Dividend Declaration
The Board of Directors has recommended 5% cash and 10% stock dividend for the year ended on June 30, 2017. Date of AGM: 09.12.2017, Time: 10:00 AM, Venue: Spectra Convention Center Ltd. (King's Hall), House # 19, Road # 07, Gulshan-1, Dhaka. Record Date: 15.11.2017. (cont.) (Continuation news of PTL): The Company has also reported EPS of Tk. 1.92, NAV per share of Tk. 21.05 and NOCFPS of Tk. 3.63 for the year ended on June 30, 2017 as against Tk. 1.72 (restated), Tk. 20.02 (restated) and Tk. 2.39 (restated) respectively for the same period of the previous year. (end)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (26.10.2017) 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 October 25, 2017 at 5:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2017.
- Participation in development under Paramount-Aggretech Energy Consortium
With reference to their earlier news (disseminated by DSE on 31.05.2017), the Company has further informed that the Board of Directors of the Company has decided to participate to develop HSD Based 2X100 MW IPP/Rental Power Plant in the First Track Project of the Ministry of Power and Energy under Paramount-Aggretech Energy Consortium at the same ratio i.e. 55% of equity capital in the project (cont. 1) (continuation news of PTL): Contributions of the other parties will be as follows: Aggretech AG (as Operating Member): 20% of total equity, Paramount Holdings Ltd. (as Other Member-1): 10% of total equity, Paramount Spinning Ltd. (as Other Member-2): 15% of total equity. (end) (continuation news of PTL): on Build, Own and Operate (BOO) basis upon getting permission from the concern authority at Bheramara, Kushtia/Santahar/Thakurgaon or any other place in Bangladesh under Bangladesh Power Development Board (BPDB). The Board of Directors has also decided to act as the Lead Member and contribute 55% on total equity of the project amongst the members of the consortium. (cont. 2)
- Decision to enter into a Joint Venture Consortium Agreement
The Company has informed that the Board of Directors has decided to form a Consortium whose name would be Paramount-Aggretech Energy Consortium with 1) Paramount Spinning Limited, 2) Paramount Holdings Limited & 3) Aggretech AG, Germany for establishing a 100 MW HFO Fired Engine Based Power Plant on Build, Own and Operate (BOO) Basis upon getting permission from the concern authority at Baghabari, Shirajgonj, Bangladesh under Bangladesh Power Development Board (BPDB). (cont.) (continuation news of PTL): The Board of Directors has also decided to act as the Lead Member and contribute 55% Share Capital of the total share capital of the Consortium amongst the members of the consortium. (end)
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.45 for January-March, 2017 as against Tk. 0.50 for January-March, 2016; EPS was Tk. 1.20 for July, 2016-March, 2017 as against Tk. 1.30 for July, 2015-March, 2016. NOCFPS was Tk. 1.67 for July, 2016-March, 2017 as against Tk. 1.64 for July, 2015-March, 2016. NAV per share was Tk. 20.33 as of March 31, 2017 and Tk. 19.60 as of March 31, 2016.
- 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 29, 2017 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2017.
- Decision to purchase brand new capital machineries
The Company has informed that the Board of Directors has decided to purchase few brand new capital machineries for enhancing the existing production capacity and business as well as introducing new product line of the Company and the post import facilities will be settled down by term loan facilities of Pubali Bank Ltd. The specifications of the machineries are as follows: Name of Machineries: Automatic flat-bed screen printing machine, Auto Screen Stretching Machine, Dryer/Polymarizer, (cont. 1) (Continuation news of PTL): irrevocable bank confirmed L/C payable at sight and 100% irrevocable L/C payable at sight, respectively and Prices: USD 469,184.00, USD 1,05,000.00, USD 215,000.00, USD 1,45,000.00, USD 8,64,000.00, USD 5,18,400.00, USD 9,90,000.00, EURO 1,24,000.00, EURO 66,000.00, EURO 73,000.00 and EURO 43,500.00, respectively. (end) (Continuation news of PTL): Italy, Germany and Switzerland, respectively. Modes of payment: Irrevocable L/C at sight, Irrevocable L/C at sight, 100% irrevocable & confirmed L/C, 100% irrevocable L/C Payable at sight, Irrevocable bank confirmed L/C payable at sight, irrevocable bank confirmed L/C payable at sight, irrevocable & confirmed L/C payable at sight, irrevocable bank confirmed L/C payable at sight, irrevocable bank confirmed L/C payable at sight, (cont. 3) (Continuation news of PTL): Rubber Grinder, Hardner Suction, Auto Coating, Sectional Warping Machine, Radio Frequency Dreyer, Rewinder Machine, Soft Winding Machine, Yarn Dyeing Machine, Digital Light Engraver for Flat Screens, Centrifuge Machine (Electrical Type), Three-Phase-Cast-Resin-Transformer Geafol Basic Item 100 and Stenter control system for drying & heat setting process, respectively. Countries of Origin: Republic of Korea, Republic of Korea, China, UK, China, China, China, Germany, (cont. 2)
- Decision to purchase brand new capital machineries
The Company has informed that the Board of Directors has decided to purchase few brand new capital machineries for increasing the production capacity of the company and the post import facilities, under the credit facilities of Pubali Bank Ltd. with the following specifications: Name of Machineries: Toyota Air Jet Loom, JAT810, Bruckner High Capacity Single - Layer Stenter, Sizing Machine and Picanol Rapier & Airjet Weaving Machines respectively; (cont.) (continuation news of PTL): Countries of Origin: Japan, Germany/EU, Italy and European Union respectively; Modes of payment: Irrevocable L/C at sight, 100% confirmed & Irrevocable L/C at sight, 100% Irrevocable & confirmed L/C and 100% Irrevocable & confirmed L/C respectively; and Prices: Yen 194,515,200.00, Euro 600,000.00, Euro 343,000.00 and Euro 2,320,300.00 respectively. (end)
- Credit Rating Result
Alpha Credit Rating Limited (AlphaRating) has rated the Company as "A+" in the long term and "ST-2" in the short term along with a stable outlook based on audited financial information of the Company up to June 30, 2016, and other relevant qualitative information till March 08, 2017.
- Confirmation of sale by a Corporate Director
Withdrawal of Authorized Representative: NBL Securities Ltd. (DSE TREC No. 203), has withdrawn one of its Authorized Representatives, Mr. Mohammad Monir Hossain, with immediate effect.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.33 for October-December, 2016 as against Tk. 0.46 for October-December, 2015; EPS was Tk. 0.75 for July-December, 2016 as against Tk. 0.80 for July-December, 2015. NOCFPS was Tk. 0.05 for July-December, 2016 as against Tk. 3.69 for July-December, 2015. NAV per share was Tk. 19.88 as of December 31, 2016 and Tk. 19.10 as of December 31, 2015.
- Query Response
In response to a DSE query dated January 23, 2017, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.
- Dividend Disbursement
The Company has informed that it has credited the bonus shares for the year ended on June 30, 2016 to the respective shareholders' BO Account on January 04, 2017 and it has also disbursed cash dividend to the Bank Accounts of the shareholders through BEFTN.
- Sale Declaration
Paramount Spinning Limited, one of the Corporate Directors of the Company, has expressed its intention to sell 47,00,000 shares out of its total holding of 1,89,33,600 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange within next 30 working days.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.