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 2022 (41).
- Alpha Credit Rating Limited (Alpha Rating) has assigned (Surveillance) rating of the Company as \"AA\" in the long term
Alpha Credit Rating Limited (Alpha Rating) has assigned (Surveillance) rating of the Company as \"AA\" in the long term and \"ST-1\" in the short term along with a stable outlook based on audited financial statements of the Company as on June 30, 2022 and relevant qualitative information till December 21, 2022.
- The Company has informed that the Board of Directors of the Company has decided to issue non-convertible, transferable,
The Company has informed that the Board of Directors of the Company has decided to issue non-convertible, transferable, fully redeemable unsecured zero coupon bond for an amount to BDT 2,500.00 million in face value through private placement to pay off the existing liability and expansion of the company subject to the approval from Bangladesh Securities and Exchange Commission. (cont.1)
- (Continuation news of PTL): The Board of Directors has also decided to convert its investment of Intraco Solar Power Lim
(Continuation news of PTL): The Board of Directors has also decided to convert its investment of Intraco Solar Power Limited (ISPL) a sister concern of Paramount Textile PLC (where Paramount Textile PLC holds 80\% of total paid up capital of ISPL) into BDT 91,00,00,000.00 @ BDT 10.00 each share (cont. 2)
The first part of this announcement is missing from the archive. - Decision to issue non-convertible bond and convert investment of ISPL
(Continuation news of PTL): as Convertible Non-redeemable Preference Share @ 9% dividend as yearly basis converted within 5 years from the date of allotment and BDT 63,27,88,010.00 as Non-Convertible Redeemable Preference Share @ 9% dividend as yearly basis redemption within 5 years. (end)
The first part of this announcement is missing from the archive. - (Continuation news of PTL): The Company has also requested the brokerage houses and merchant bankers to provide their Ba
(Continuation news of PTL): The Company has also requested the brokerage houses and merchant bankers to provide their Bank Account Name, Number, Routing number etc. on or before January 5, 2023. (end)
The first part of this announcement is missing from the archive. - Update of Information
The Company has requested the concerned brokerage houses and merchant bankers to provide a statement with the details (shareholders name, BO ID number, e-TIN number, gross dividend receivable, applicable tax rate, and net dividend receivable) of their margin loan holders who hold shares of the Company as on the Record Date, along with the name of the contact person in this connection. (cont.)
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 1.62 for July-September 2022 as against Tk. 1.45 for July-September 2021; Consolidated NOCFPS was Tk. 3.66 for July-September 2022 as against Tk. 1.55 for July-September 2021. Consolidated NAV per share was Tk. 31.19 as on September 30, 2022 and Tk. 29.60 as on June 30, 2022.
- 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 29, 2022 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2022.
- Resumption after record date
Trading of the shares of the Company will resume on 22.11.2022 after record date.
- Execution of 51% share transfer of Intraco Solar Power Ltd.
Refer to their earlier news disseminated by DSE on 16.11.2020 regarding Share Purchase Agreement of lntraco Solar Power Limited (ISPL), the company has further informed that they have completed the transfer procedures of 76,50,000 shares from Intraco CNG Ltd. of Intraco Solar Power Ltd. (ISPL) which is 51% of existing total paid up capital and whose value is BDT 32,51,25,000.00 only and after this transfer the total holding of the company (PTL) stood at 80% of existing paid up capital of ISPL.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 21.11.2022.
- 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 17.11.2022 to 20.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 21.11.2022.
- The Board of Directors has recommended 10\% Cash Dividend for the year ended June 30, 2022. Date of AGM: 29.12.2022, Tim
The Board of Directors has recommended 10\% Cash Dividend for the year ended June 30, 2022. Date of AGM: 29.12.2022, Time: 11:00 AM, Venue: Digital Platform. Record Date: 21.11.2022. (cont.1)
- Dividend Declaration
(Continuation news of PTL): The Company has reported EPS of Tk. 4.67, NAV per share of Tk. 29.60 and NOCFPS of Tk. 3.51 for the year ended June 30, 2022 as against Tk. 4.06 (restated), Tk. 25.95 (restated) and Tk. 4.90 (restated) respectively for the same period of the previous year. (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 on 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 27, 2022 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- Sale of shares of Meghna Bank Limited
The Company has informed that the Board of Directors has decided to sell company's entire holding i.e. 22,68,400 shares of Meghna Bank Limited in consideration of the sum of BDT 3,00,00,000.00 (three Crore) only in favor of Ms. Imrana Zaman Chowdhury (general shareholder), NID no. 7319798984.
- Alpha Credit Rating Limited (AlphaRating) has rated the Company as \"AA\" in the long term and \"ST-1\" in the short ter
Alpha Credit Rating Limited (AlphaRating) has rated the Company as \"AA\" in the long term and \"ST-1\" in the short term along with a Stable outlook based on audited financial statements of the Company as on June 30, 2021 and relevant qualitative information till September 25, 2022.
- Commercial Operation of an Associate Company
Reference to earlier news disseminated by DSE on 16.11.2020 regarding Share Purchase Agreement of lntraco Solar Power Limited (ISPL), the company has further informed that Intraco Solar Power Ltd. one of the Associate Company of Paramount Textile PLC has completed its Commercial Operations Date (COD) of 30MW (AC) Grid-Tied Solar PV Power Plant at Mouja-Votemari & Kalikapur, Vill Shoulmari, P.O: Shoulmari, Upazilla: Kaligonj, Dist.: Lalmonirhat, (cont.)
- Commercial Operation of an Associate Company.
(Continuation news of PTL): Bangladesh on 25th August 2022 in the presence of the representatives of Bangladesh Power Development Board (BPDB). (end)
The first part of this announcement is missing from the archive. - Decision to execute the transfer of 61,99,867 shares of DSEPL to PTL
Refer to their earlier news disseminated by DSE on 12.04.2022 regarding investment/acquire in a 100MW(AC) Grid-Tied Solar PV Power Plant, the Company has further informed that the Board of Directors has decided to execute the transfer of 61,99,867 shares of Dynamic Sun Energy Private Ltd. (DSEPL) where Shapoorji Pallonji Infrastructure Capital Company Private Limited owned 61,99,859 shares and Mr. Sunil Kulkarni owned 08 shares to Paramount Textile Limited whose value will be BDT 5,26,98,870.00 only.
- BSEC Consent for raising capital of BDT 150 Crore
The Company has informed that BSEC has provided the consent for raising capital of Tk. 150.00 Crore (Taka One hundred Fifty crore) only through issuance of 150,000,000 (Fifteen Crore) number of fully Redeemable, Non-convertible, Cumulative Preference Shares of Tk. 10/- each through Private Placement subject to compliance with the relevant laws and regulatory requirements.
- Decision to invest in BMRE expansion and new project
The Company has informed that the Board of Directors has decided to invest for an amount of around USD 85.45 million in capital machineries, civil construction & other auxiliaries work for enhancing its production capacity which will generate extra around USD 07 Million/monthly revenue and the post import facilities will be settle down through foreign currency term loan facilities.
- Implementation for investing in BMRE expansion and new projects
Refer to their earlier news disseminated by DSE on 30.11.2021 regarding decision for investing in BMRE expansion and new projects, the Company has informed that the Solid Dyeing Unit of the company is going to be in operation and the incremental production would be 16.50 lac yards per month and revenue will be added USD 2.5 Million monthly in addition of company's existing revenue. lt's here mentioned that the total capacity of Solid Dyeing Unit after enhancement will be 22.50 lac yards per Month.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.95 for January-March 2022 as against Tk. 0.92 for January-March 2021; EPS was Tk. 3.92 for July 2021-March 2022 as against Tk. 3.24 for July 2020-March 2021. NOCFPS was Tk. 2.01 for July 2021-March 2022 as against Tk. 2.35 for July 2020-March 2021. NAV per share was Tk. 28.91 as on March 31, 2022 and Tk. 25.95 as on June 30, 2021.
- Resumption after record date
Trading of the shares of the Company will resume on 20.04.2022 after record date.
- 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 3:00 PM to consider, among others, un-audited financial statements of the company for the Third Quarter (Q3) period ended March 31, 2022.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 19.04.2022 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 17.04.2022 to 18.04.2022. Trading of the shares of the Company will remain suspended on record date i.e., 19.04.2022 for EGM.
- Investment/acquire in a 100MW(AC) Grid-Tied Solar PV Power Plant
(Continuation news of PTL): The estimated project cost would be around tk.1,300 (One thousand three hundred) crore, Tariff USD $0.1195/kWh and contract period would be 20 years among others. (end)
The first part of this announcement is missing from the archive. - Reschedule date of the EGM
Refer to their earlier news disseminated by DSE on 16.02.2022 regarding Cancelation of EGM of the Company, the Company has further informed that the Board of Directors has decided for re-fixing the EGM date. Date of EGM: 17.05.2022, Time: 11:00 AM, Venue: Digital Platform. Record Date for EGM: 19.04.2022.
- Cancelation of EGM of the Company
The Company has further informed that due to unavoidable circumstances the Board of Directors has decided to cancel the EGM which was scheduled to be held on March 12, 2022.
- Resumption after record date
Trading of the shares of the Company will resume on 17.02.2022 after record date.
- Suspension for Record date for EGM
Trading of the shares of the Company will remain suspended on record date i.e., 16.02.2022 for EGM.
- Postponement of EGM of the Company
The Company has further informed that due to unavoidable circumstances, the EGM, scheduled to be held on March 12, 2022 has been postponed.
- 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 14.02.2022 to 15.02.2022. Trading of the shares of the Company will remain suspended on record date i.e., 16.02.2022 for EGM.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 1.52 for October-December 2021 as against Tk. 0.95 for October-December 2020; EPS was Tk. 2.97 for July-December 2021 as against Tk. 2.32 for July-December 2020. NOCFPS was Tk. 1.60 for July-December 2021 as against Tk. 2.56 for July-December 2020. NAV per share was Tk. 27.99 as on December 31, 2021 and Tk. 25.95 as on June 30, 2021.
- Decision to hold an EGM for issuance of Preference Shares
The Company has informed that the Board of Directors has decided issuance of BDT 1,500.00 million (one Thousand Five Hundred million only) fully redeemable non-convertible cumulative Preference shares divided into 150,000,000 (Fifteen crore) Preference Shares at face value of Tk. 10.00 each at par through private placement among the potential investors, subject to the approval of General Members Meeting of the company and the Regulators to finance the upcoming project expansion (Cont.)
- Dividend Disbursement
The Company has informed that it has credited the Bonus shares for the year ended on June 30, 2021 to the respective shareholders' BO Accounts on January 13, 2022 and it has also disbursed the cash dividend to the respective shareholders.
- 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 24, 2022 at 4:00 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 credited the Bonus shares for the year ended on June 30, 2021 to the respective shareholders' BO Accounts.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.