Ring Shine Textiles Limited announcements
102 Dhaka Stock Exchange announcements for Ring Shine Textiles Limited (RINGSHINE) since 2021: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2024 (30).
- Credit Rating Result
WASO Credit Rating Company (BD) Ltd. (WCRCL) has assigned the surveillance entity rating of the Company as "BB" for long term and "ST 4" for short term along with Stable outlook based on audited financial statements of FY2024 (30.06.2024) and other relevant qualitative and quantitative information.
- Regarding IPO fund utilization
The company has submitted PSIs regarding IPO fund utilization, approved in 26th and 27th AGM of the company. To view the PSIs, please visit the following links: https://www.dsebd.org/Annexure/2024/PSI-of-26th-AGM-2024.pdf and https://www.dsebd.org/Annexure/2024/PSI-of-27th-AGM-2024.pdf
- Regarding termination of Share Purchase Agreement
The company has informed DSE, among others, the following: "?the Board of Directors of Ring Shine Textiles Limited in its 105th Meeting held on Sunday, 15 December 2024 accorded that the Share Purchase Agreement (SPA) between Wise Star Textile Mills Ltd and its nominees, and Ring Shine Textiles Ltd. was terminated on January 25, 2024 (cont.1) (Cont. news of RINGSHINE): Furthermore, the Company affirms that Wise Star Textile Mills Ltd and it nominees do not hold any share(s) of Ring Shine Textiles Ltd." (end) (Cont. news of RINGSHINE): to safeguard the interests of all stakeholders due to controversial activities surrounding the said SPA. And it was recorded in the 85th Meeting of the Board of Directors of Ring Shine Textiles Ltd. The same has also been notified to BSEC, BEPZA, and all the concerned banks. It is also very much pertinent to mention that there has been no financial transactions nor considerations taken place between the said parties. (cont.2)
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (0.79) for July-September 2024 as against Tk. (0.86) for July-September 2023. NOCFPS was Tk. (0.88) for July-September 2024 as against Tk. 0.70 for July-September 2023. NAV per share was Tk. (8.82) as on September 30, 2024 and Tk. (8.03) as on June 30, 2024. EPS for the 1st Quarter, of 2024 has improved as the company has achieved 137% export growth during the period (cont.) (Cont. news of RINGSHINE): compared to the last quarter of the same period in the year 2023. NOCFPS has decreased due to less in-flow of funds in comparison to the out-flow of payments for fixed costs in overhead and financial expenses. NAVPS has declined due to incurring loss as the Company is operating under capacity, and yet to reach its breakeven point. (end)
- Qualified Opinion, Emphasis of Matter & Material Uncertainty
The auditor of the company has given the "Qualified Opinion", "Emphasis of Matter" and "Material Uncertainty Related to Going Concern" paragraphs in the Auditor's Report of the company for the year ended June 30, 2024. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2024/November/RINGSHINE_2024.pdf
- 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 27, 2024 at 4:30 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 14.11.2024.
- Suspension for Record date
Trading of the shares of the company will be suspended on record date i.e., 13.11.2024.
- 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 from 10.11.2024 to 12.11.2024 and trading of the shares of the company will remain suspended on record date i.e., 13.11.2024.
- The Board of Directors has recommended No Dividend for the year ended June 30, 2023. Date of AGM: 18.12.2024, Time: 10:3
The Board of Directors has recommended No Dividend for the year ended June 30, 2023. Date of AGM: 18.12.2024, Time: 10:30 AM, Venue: Hybrid Platform through the link: https://ringshine26th.digitalagmbd.net. Record Date: 13.11.2024. The Company has also reported EPS of Tk. (2.53), NAV per share of Tk. (4.97) and NOCFPS of Tk. (1.07) for the year ended June 30, 2023 as against Tk. (1.54), Tk. (2.50) and Tk. (0.65) respectively for the year ended June 30, 2022.
- Dividend Declaration
The Board of Directors has recommended No Dividend for the year ended June 30, 2024. Date of AGM: 18.12.2024, Time: 2:30 PM, Venue: Hybrid Platform. Link: https://ringshine27th.digitalagmbd.net. Record Date: 13.11.2024. The Company has also reported EPS of Tk. (3.06), NAV per share of Tk. (8.03) and NOCFPS of Tk. (1.54) for the year ended June 30, 2024 as against Tk. (2.53), Tk. (4.97) and Tk. (1.07) respectively for the year ended June 30, 2023.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (28.10.2024) following its corporate declaration.
- Update of Information
The company has requested the shareholders to update their respective BO Accounts with 12-digit Tax Payers Identification Numbers (E-TIN), Bank Accounts, Routing Numbers, Mailing Addresses, Contact Numbers, Email ID(s) to receive the Annual report of 2023-2024, and necessary link through their respective depository participant (DP) before the Record Date.
- 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, 2024 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2024.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. (0.97) for January-March 2024 as against Tk. (0.73) for January-March 2023; EPS was Tk. (2.39) for July 2023-March 2024 as against Tk. (1.49) for July 2022-March 2023. NOCFPS was Tk. (1.37) for July 2023-March 2024 as against Tk. (0.13) for July 2022-March 2023. NAV per share without revaluation was Tk. (7.31) as on March 31, 2024 and Tk. (4.97) as on 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 August 19, 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.
- Appointment of Chairman
The company has informed that the Board of Directors has appointed Mr. Mohammad Moniruzzaman PhD. FCA, ACMA, Independent Director of the company as the Chairman of the Board of Directors with effect from August 6, 2024.
- (Q1 Un-audited): EPS was Tk. (0.86) for July-September 2023 as against Tk. (0.37) for July-September 2022. NOCFPS was Tk
(Q1 Un-audited): EPS was Tk. (0.86) for July-September 2023 as against Tk. (0.37) for July-September 2022. NOCFPS was Tk. 0.70 for July-September 2023 as against Tk. 0.15 for July-September 2022. NAV per share without revaluation was Tk. (5.83) as on September 30, 2023 and Tk. (4.97) as on June 30, 2023. Disclosure: The basic reasons behind the dismal Sales Revenue along with other financial indicators are as follows: (cont.1)
- (Cont. news of RINGSHINE): The uncovered and pragmatic reason of financial data of the company went up due to deteriorat
(Cont. news of RINGSHINE): The uncovered and pragmatic reason of financial data of the company went up due to deterioration on account of market impact among the customers and stakeholders due to the proposed sponsor shares transfer of the company which has been terminated on December 2023. That\'s created a negative perception in its sales revenue during this tenure. (cont.2)
The first part of this announcement is missing from the archive. - Q1 Financials
(Cont. news of RINGSHINE): Consequently, production capacity went downturn but financial liabilities servicing charge and fixed overhead of the company were remained unchanged which was overtly helped the financial performance meagerly. The management and newly constituted board believe that business performance will increase gradually in the coming days. (end)
The first part of this announcement is missing from the archive. - Q2 Financials
(Q2 Un-audited): EPS was Tk. (0.55) for October-December 2023 as against Tk. (0.76) for October-December 2022; EPS was Tk. (1.41) for July-December 2023 as against Tk. (0.76) for July-December 2022. NOCFPS was Tk. (0.36) for July-December 2023 as against Tk. (0.30) for July-December 2022. NAV per share without re-valuation was Tk. (6.35) as on December 31, 2023 and Tk. (4.97) as on June 30, 2023.
- Q2 Financials (Revised NOCFPS of comparative period)
(Q2 Un-audited): The company has further informed that NOCFPS for July-December 2022 shall be Tk. 0.30 instead of Tk. (0.30). Other information will remain unchanged.
- 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 June 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, 2023 and Second Quarter (Q2) period ended December 31, 2023.
- Appointment of Managing Director
The Company has informed that the Board of Directors has appointed Mr. Auniruddho Piaal as the Managing Director of the Company with effect from May 13, 2024.
- Appointment of Company Secretary
The Company has informed that the Board of Directors has appointed Mr. Md. Moshihor Rahman, FCS as the Company Secretary and Sr. GM of the company.
- Appointment of Chairman of the Board of Directors
The company has informed that Mr. A.K.M. Shahidul Islam, retired District Judge, has been appointed as the Chairman of the Board of Directors of the company with effect from February 18, 2024.
- Postponement of AGM
Refer to their earlier news disseminated by DSE on 14.01.2024 regarding reschedule of AGM Date, the company has further informed that the AGM has been postponed due to unavoidable circumstances.
- Category Change
The Company has been placed in 'Z' category from existing 'A' category with effect from today i.e., February 18, 2024 as per provision 1(d) of BSEC Order No. SEC/CMRRCD/2009-193/74(R) dated February 15, 2024.
- Prohibition on providing loan facilities to purchase securities
The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase security of Ring Shine Textiles Limited with effect from today i.e., February 18, 2024 as per BSEC Directive No. BSEC/CMRRCD/2009-193/32 dated December 26, 2021.
- Reschedule of AGM Date
Refer to the earlier news of the company disseminated by DSE on 28.11.2023, the Company has further informed that the 26th AGM of the company will be held on March 6, 2024 at 10:30 am instead of earlier declared date on January 20, 2024 at 10:30 am. Venue of AGM: Digital Platform. The record date and agendas will remain same.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.