Rupali Life Insurance Company Limited announcements
325 Dhaka Stock Exchange announcements for Rupali Life Insurance Company Limited (RUPALILIFE) since 2009: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2021 (23).
- Dividend Disbursement
The Company has informed that it has credited the Bonus shares for the year ended on December 31, 2020 to the respective shareholders' BO Accounts and it has also disbursed the cash dividend to the respective shareholders.
- Elected of the Chairman and Vice Chairman
The Company has informed that the Board of Directors has elected Mr. Mahfuzur Rahman M.P as the Chairman and Mr. Monirul Hasan Khan as the Vice Chairman of the Company for the next term.
- Q3 Financials
(Q3 Un-audited): Increase in life revenue account for July-September 2021 was Tk. 9.41 million as against increase in Tk. 33.76 million for July-September 2020. Whereas Increase in life insurance fund for Jan- September 2021 was Tk. 27.16 million with total life insurance fund of Tk. 5,078.24 million as against increase in Tk. 106.73 million and Tk. 4,871.09 million respectively for the same period of the previous year.
- 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 October 28, 2021 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2021.
- Updating Information
The Company has requested the concerned Brokerage Houses/DPs to provide the statement (both the hard copy and soft copy) with details of their margin loan holders entitled to final dividend 2020 on before October 28, 2021. The statement should include shareholders name, BOID No., client wise shareholding position, contact person etc. The Company has further requested to send the soft copy in the address: [email protected] and contact this number: 01847133722.
- Resumption after record date
Trading of the shares of the Company will resume on 26.09.2021 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 23.09.2021.
- 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 21.09.2021 to 22.09.2021. Trading of the shares of the Company will remain suspended on record date i.e., 23.09.2021.
- The auditor of the Rupali Life Insurance Company Limited has given the "Emphasis of Matter" paragraphs in the Auditor's
The auditor of the Rupali Life Insurance Company Limited has given the "Emphasis of Matter" paragraphs in the Auditor's Report for the year ended on 31 December 2020. Emphasis of Matter: We emphasize on note no: 5.1 representing the proportion of paid up share capital held to the possession of sponsor directors and the relevant guideline provided by Insurance Development and Regulatory Authority (IDRA) and Bangladesh Securities and Exchange Commission (BSEC). We also emphasize on note (cont.1)
- (Continuation news of RUPALILIFE): no:14.02 regarding the valuation of investment in share and the applicable guideline
(Continuation news of RUPALILIFE): no:14.02 regarding the valuation of investment in share and the applicable guideline by International Financial Reporting Standards (IFRS) and Insurance Development and Regulatory Authority (IDRA). We further refer to note no: 29 regarding Employees Profit Participation Fund which is relevant to sec 232 (3) of Labour Law. Our Opinion is not modified in respect of these matters. Note no-5.01 Distribution schedule of paid-up capital: (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of RUPALILIFE): Number of Sponsor/Director is 12 (twelve) and Number of Shares owned by Sponsor/Direc
(Continuation news of RUPALILIFE): Number of Sponsor/Director is 12 (twelve) and Number of Shares owned by Sponsor/Director is 9,437,047 which is 32.071% of total shareholding. There exists two different guidelines regarding sponsor directors shareholding proportion. As per Surbule (3) of Insurars Capiatal and Shareholding Rules 2016 and as per BSEC/CMRRCD/2019-193/217/ADMIN/90 Dated May 21, 2019. Note no-14.02 Investment in shares: Book Value of Investment in Shares (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of RUPALILIFE): as at 31 December 2020 was BDT 38,153,039.00 and as at 31 December 2019 was BDT 13,59
(Continuation news of RUPALILIFE): as at 31 December 2020 was BDT 38,153,039.00 and as at 31 December 2019 was BDT 13,595,963.00. Investments are stated in the financial statements at their fair value. Reduction in the cost price is charged in Fair Value Change Account as per IDRA Guideline 04/2012 dated 11 June 2012. Note no-29.00 Employees Profit Participation Fund: Labour law 2013 demands to maintain a provision for the fund. (cont.4)
The first part of this announcement is missing from the archive. - Emphasis of Matter
(Continuation news of RUPALILIFE): As life insurance company has no identifiable profit instead it has a surplus which is to be distributed to the policy holders and shareholders as a predetermined ratio i.e 90% and 10% respectively as per Insurance Act 2010 & insurance rules 1958. As a result no fund created or reserved for this purpose. (end)
The first part of this announcement is missing from the archive. - The Board of Directors has recommended 13% cash and 2% stock dividend for the year ended on December 31, 2020. Date of A
The Board of Directors has recommended 13% cash and 2% stock dividend for the year ended on December 31, 2020. Date of AGM: 28.10.2021, Time: 10:00 AM, Venue: Digital Platform. Record Date: 23.09.2021. (cont. 1)
- (Continuation news of RUPALILIFE): The Company has also informed the "Reasons to declare bonus shares" that, the consult
(Continuation news of RUPALILIFE): The Company has also informed the "Reasons to declare bonus shares" that, the consulting actuary of the Company has assessed the valuation surplus and recommended 15% dividend for the year 2020. The Board of the Company declared 13% cash & 2% stock dividend based on actuary's recommendation. The stock dividend has declared considering the Section 21 and schedule 1 of Insurance Act 2010 (cont. 2)
The first part of this announcement is missing from the archive. - (Continuation news of RUPALILIFE): to attain the minimum paid up capital Tk. 30.00 Crore out of that valuation surplus w
(Continuation news of RUPALILIFE): to attain the minimum paid up capital Tk. 30.00 Crore out of that valuation surplus which is the accumulated profit of the Company. The bonus shares in not declared from share premium or 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 through doing anything so that the post-dividend retained earnings become negative or a debit balance. (cont. 3)
The first part of this announcement is missing from the archive. - Q2 Financials
(Q2 Un-audited): Increase in life revenue account for April-June, 2021 was Tk. 5.51 million with total life insurance fund of Tk. 5,068.83 million as against increase of Tk. 70.65 million and Tk. 4,840.29 million respectively for the same period of the previous year. Increase in life revenue account for Jan-June, 2021 was Tk. 17.75 million with total life insurance fund of Tk. 5,068.83 million as against Tk. 72.97 million and Tk. 4,837.34 million respectively for the same period of the previous year.
- Dividend Declaration
(Continuation news of RUPALILIFE): The Company shall use the amount of the declared stock dividend instead of cash to invest in FDR, Bond and/or stock market to enhance the future return on investment. (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 (23.08.2021) following its corporate declaration.
- Q1 Financials
(Q1 Un-audited): Increase in life revenue account for January-March, 2021 was Tk. 12.24 million with total life insurance fund of Tk. 5,063.32 million as against increase in life revenue account of Tk. 5.27 million and Tk. 4,769.65 million respectively for the same period of the previous year.
- As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting
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 August 22, 2021 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2020.
- As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting
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 22, 2021 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2021 & Second Quarter (Q2) period ended on June 30, 2021.
- Query Response
In response to a DSE query dated May 05, 2021, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike and increase in volume of shares.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.