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 2024 (22).
- Commercial Operations Date (COD) of a 100 MW Solar PV Power Plant
The company has informed that Dynamic Sun Energy Private Ltd. a 100 MW Solar Power Plant, an associate company of Paramount Textile PLC, has achieved its Commercial Operations Date (COD) which effective from 23rd October 2024, declared by Bangladesh Power Development Board (BPDB) vide Ref: 27.11.0000.603.12.003.20.2892 dated 15th December 2024.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 1.07 for July-September 2024 as against Tk. 1.34 for July-September 2023; Consolidated NOCFPS was Tk. 1.67 for July-September 2024 as against Tk. 1.35 for July-September 2023. Consolidated NAV per share was Tk. 42.71 as on September 30, 2024 and Tk. 41.72 as on June 30, 2024. The company's EPS has declined due to the closure of business operation of one of its associate company. (cont.) (Continuation news of PTL): Additionally, the increase of finance costs has further impacted the EPS. The NOCFPS has increased because one of its subsidiary company generated a substantial amount of cash, while its operating expenses were significantly lower than its revenue. (end)
- 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 December 10, 2024 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2024.
- Resumption after Record Date
Trading of the shares of the company will resume on 20.11.2024.
- Suspension for Record Date
Trading of the shares of the company will remain suspended on record date i.e., 19.11.2024.
- 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 17.11.2024 to 18.11.2024 and trading of the shares of the company will remain suspended on record date i.e., 19.11.2024.
- Credit Rating Result
Alpha Credit Rating Limited (Alpha Rating) has assigned the Surveillance rating of the Company as "AA" in the long term and "ST-1" in the short term along with Stable outlook based on the audited financial statement as on June 30, 2024 and relevant qualitative information till November 06, 2024.
- The Board of Directors has recommended 5\% Cash & 10\% Stock Dividend for the year ended June 30, 2024. Date of AGM: 21.
The Board of Directors has recommended 5\% Cash & 10\% Stock Dividend for the year ended June 30, 2024. Date of AGM: 21.12.2024, Time: 11:00 AM, Venue: Digital Platform. Record Date: 19.11.2024. The Company has also reported consolidated EPS of Tk. 6.62, consolidated NAV per share of Tk. 41.72 and consolidated NOCFPS of Tk. 7.72 for the year ended June 30, 2024 as against Tk. 7.51, Tk. 36.10 and Tk. 5.87 respectively for the year ended June 30, 2023. Disclosure (cont.)
- Dividend Declaration
(Cont. news of PTL): in regard to recommendation of Stock Dividend: a) Bonus share has been recommended in the view to utilize for business expansion; b) Bonus share declared out of accumulated profit; c) Bonus share is not declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the company or through reducing paid up capital or though doing anything so that the post dividend retained earning become negative or debit balance. (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 (29.10.2024) 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 28, 2024 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2024.
- The company has informed that Asian Development Bank (ADB) along with Japan International Cooperation Agency (JICA) and
The company has informed that Asian Development Bank (ADB) along with Japan International Cooperation Agency (JICA) and ILX I Fund (B Loan) has signed a USD 121.55 million financing package with Dynamic Sun Energy Private Ltd. to build and operate a 100-megawatt (MW) grid-connected solar photovoltaic power plant in Pabna, Bangladesh. ADB arranged, structured, and syndicated the debt package as the sole mandated lead arranger and book runner. (cont.)
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 2.04 for January-March 2024 as against Tk. 1.94 for January-March 2023; EPS was Tk. 5.10 for July 2023-March 2024 as against Tk. 5.92 for July 2022-March 2023. NOCFPS was Tk. 5.15 for July 2023-March 2024 as against Tk. 4.89 for July 2022-March 2023. NAV per share was Tk. 40.22 as on March 31, 2024 and Tk. 36.10 as on June 30, 2023.
- ADB & JICA signed agreement with Dynamic Sun Energy Private Ltd.
(Cont. news of PTL): Dynamic Sun Energy Private Ltd. (DSEPL) is a subsidiary company of Paramount Textile PLC (PTL) of which PTL holds 49% total paid capital and PTL will act as a Sponsor in favor of DSEPL. The plant is the country's first private sector utility-scale solar facility to secure support from global financiers. (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 April 30, 2024 at 04:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2024.
- Expiration of PPA between BPDB and Paramount Btrac Energy Limited
The company has informed that the Power Purchase Agreement between Bangladesh Power Development Board (BPDB) and Paramount Btrac Energy Limited, a 200 MW HSD Power plant of which Paramount Textile PLC holds 49% equity has expired and BPDB has declined to extend the contract. Subsequently the management of Paramount Btrac Energy Limited has decided to shut down the plant.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended June 30, 2023 to the respective shareholders.
- Refer to their earlier news disseminated by DSE on 22.12.2022 regarding decision to issue non-convertible, transferable,
Refer to their earlier news disseminated by DSE on 22.12.2022 regarding decision to issue non-convertible, transferable, fully redeemable unsecured zero coupon bond, the Company has further informed that Bangladesh Securities and Exchange Commission (BSEC) has accorded its consent to the Company for issuance of non-convertible, transferable, fully redeemable unsecured zero coupon bond (cont.)
- BSEC Consent for issuance of Non-Convertible Unsecured Zero-Coupon Bond
(Continuation news of PTL): for an amount of BDT 2,500 (Two thousand five hundred) million in face value through private placement to pay off the existing liability and expansion of the company. (end)
The first part of this announcement is missing from the archive. - (Q2 Un-audited): Consolidated EPS was Tk. 1.72 for October-December 2023 as against Tk. 2.36 for October-December 2022;
(Q2 Un-audited): Consolidated EPS was Tk. 1.72 for October-December 2023 as against Tk. 2.36 for October-December 2022; Consolidated EPS was Tk. 3.06 for July-December 2023 as against Tk. 3.98 for July-December 2022. Consolidated NOCFPS was Tk. 3.87 for July-December 2023 as against Tk. 4.36 for July-December 2022. Consolidated NAV per share was Tk. 38.16 as on December 31, 2023 and Tk. 36.10 as on June 30, 2023. (cont.)
- Q2 Financials
(Continuation news of PTL): The company has also informed that the EPS has significantly decreased because the export target did not reach the expected level, which resulted from the worldwide economic crisis. NOCFPS has decreased due to cash management strategies, such as making quicker payments to suppliers. (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 30, 2024 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2023.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.