SAIF Powertec Limited announcements
196 Dhaka Stock Exchange announcements for SAIF Powertec Limited (SAIFPOWER) since 2014: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2021 (28).
- The Company has informed that the Board of Directors has decided to invest in 88 INNOVATIONS ENGINEERING LTD., where 88
The Company has informed that the Board of Directors has decided to invest in 88 INNOVATIONS ENGINEERING LTD., where 88 INNOVATIONS ENGINEERING LTD., will carry on business of all types of information technology and telecommunication projects, information technology enabled services (ITeS), facilities, services or works etc. (cont.1)
- (Cont. of SAIFPOWER): In this regard, Saif Powertec Limited will invest 55\% of total equity of 88 INNOVATIONS ENGINEERI
(Cont. of SAIFPOWER): In this regard, Saif Powertec Limited will invest 55\% of total equity of 88 INNOVATIONS ENGINEERING LTD i,e Taka 11.00 (Eleven) crore as initial investments for its subsidiary Company. Total Approximate project cost, annual revenue and Net profit will be Taka 75 (Seventy-Five) crore, Taka 100.00 (One Hundred) crore and Taka 24.00 (Twenty-Four) crore respectively. (cont.2)
The first part of this announcement is missing from the archive. - Investment in New Project, Subsidiary Company and New Unit
(Cont. of SAIFPOWER): The company has also informed that Saif Powertec Limited is going to establish another revenue generating unit name �Oil and Gas Operation�, where total Approximate Project Cost, Annual Revenue and Net Profit will be Taka 473.00 crore (equivalent in USD 55.00 Million), Taka 516.00 crore (equivalent in USD 60.00 Million) and Taka 86.00 crore (equivalent in USD 10.00 Million) respectively. (end)
The first part of this announcement is missing from the archive. - Resumption after record date
Trading of the shares of the Company will resume on 21.11.2021 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 18.11.2021.
- The auditor of the SAIF Powertec Limited has given the \"Emphasis of matters\" paragraphs in the Auditor\'s Report for t
The auditor of the SAIF Powertec Limited has given the \"Emphasis of matters\" paragraphs in the Auditor\'s Report for the year ended on 30 June, 2021. Emphasis of matters: We refer to note no: 3.14 & 26 regarding Workers Profit Participation and Welfare Fund in accordance with Bangladesh Labour Act-2006 and status of compliance regarding creating provision for the fund, disbursement of the fund and position of separate bank account in line with Bangladesh Labour Rules 2015. (cont.1)
- (Continuation news of SAIFPOWER): Our opinion is not modified in respect of this matter. Note 3.14 Contribution to Worke
(Continuation news of SAIFPOWER): Our opinion is not modified in respect of this matter. Note 3.14 Contribution to Workers\' Profit Participation and Welfare Funds: This represents 5\% of net profit before tax, contributed by the company as per provisions of the Bangladesh Labour Act, 2006 (amendment-2013). The Company recognizes contribution to Workers Profit Participation and Welfare Fund in the accounts from the year 2019-2020. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of SAIFPOWER): The fund transfer is under process and will be paid after completion of necessary lega
(Continuation news of SAIFPOWER): The fund transfer is under process and will be paid after completion of necessary legal process. The company made provision for WPPF in line with section 234 (a) chapter-XV (Workers \'participation in Companies Profits) of Bangladesh Labour Act-2006 and complied with section 234 (b). Transfer of the amount to a separate bank account is under process. (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of SAIFPOWER): The management of the company tried to disburse the amount to workers through banking
(Continuation news of SAIFPOWER): The management of the company tried to disburse the amount to workers through banking channel but in fact, it was very hard to find a separate bank account of all the workers. Considering circumstance and requirement for compliance with chapter-XV section 234 (a) & (b) of Bangladesh Labour Act-2006, the management of the Company decided to pay out the benefit in cash basis. (cont.4)
The first part of this announcement is missing from the archive. - Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.52 for July-September 2021 as against Tk. 0.37 for July-September 2020; Consolidated NOCFPS was Tk. 0.06 for July-September 2021 as against Tk. 0.92 for July-September 2020. Consolidated NAV per share was Tk. 17.64 as on September 30, 2021 and Tk. 17.11 as on June 30, 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 16.11.2021 to 17.11.2021. Trading of the shares of the Company will remain suspended on record date i.e., 18.11.2021.
- Emphasis of matters
(Continuation news of SAIFPOWER): Note 26- Workers profit participation/Welfare Fund: Balance of consolidated Workers profit participation/Welfare Fund as at 30 June 2021 and as at 30 June 2020 was BDT 221,166,647.00 and BDT 199,925,203.00 respectively. (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 November 14, 2021 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2021.
- The Board of Directors has recommended 10\% Cash dividend and 6\% Stock dividend for the year ended on June 30, 2021. Da
The Board of Directors has recommended 10\% Cash dividend and 6\% Stock dividend for the year ended on June 30, 2021. Date of AGM: 29.12.2021, Time: 11:00 AM, Venue: Digital Platform, Record Date: 18.11.2021. The Company has reported Consolidated EPS of Tk. 1.75 Consolidated NAV per share of Tk. 17.11 and Consolidated NOCFPS of Tk 2.79 for the year ended on June 30, 2021 as against Tk. 1.08 Tk. 16.63 and Tk. 3.24 respectively for the same period of the previous year. (cont.)
- (Cont. of SAIFPOWER): Stock dividend is subject to approval of BSEC. Another record date will be announced for Stock div
(Cont. of SAIFPOWER): Stock dividend is subject to approval of BSEC. Another record date will be announced for Stock dividend after getting approval from BSEC (Cont.)
The first part of this announcement is missing from the archive. - Dividend Declaration
(Cont. of SAIFPOWER): Disclosed in regarding to recommendation of Bonus Share (Stock Dividend): (a) Bonus shares has been recommended in view to utilize its retained amount as Capital for further business expansion. (b) Bonus share is 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. (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 (28.10.2021) following its corporate declaration.
- The Company has informed that a contact agreement has been signed between the Companies \"Container Company of Banglades
The Company has informed that a contact agreement has been signed between the Companies \"Container Company of Bangladesh Limited\" (CCBL) and \"Saif Logistic Alliance Limited\" (SLAL) on October 19, 2021 for development of Multi-Model Container Terminal cum Off-Duck near the Chattogram Port Railway Yard through Design Build-Finance-Operate-Maintain-Transfer (DBFOMT) basis with expiry 20 years from commercial operation date. (cont. 1)
- (Continuation news of SAIFPOWER): The total estimate project cost BDT 308.00 crore (approx.), Revenue BDT 3,482.00 crore
(Continuation news of SAIFPOWER): The total estimate project cost BDT 308.00 crore (approx.), Revenue BDT 3,482.00 crore (approx.) and Net Profit BDT 649.00 crore (approx.) for the period of 20 years. The Company has further informed that SAIF Powertec Limited will invest 80\% of total equity of Saif Logistic Alliance Limited (SLAL) i.e BDT 40.00 crore as initial investments for its subsidiary Company. Where SLAL is established as a special purposes Company to carry on, (cont. 2)
The first part of this announcement is missing from the archive. - Decision to invest in a Subsidiary Company
(Continuation news of SAIFPOWER): organize, manage, run, charter, Conduct, Contract, develop, handle, own on the land of Mouja Middle Halishahar, Chattogram to operate and do all or any business related to bulk inter-model, vessel operations, inland river terminal operation, river, rail, road and sea transportation, development and operate of Inland Container Depot, Inter-model Container Depot with Rail and Road Transportation, sea port operations within the country and abroad. (end)
The first part of this announcement is missing from the archive. - 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, 2021 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2021.
- Query Response
In response to a DSE query dated October 03, 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.
- (Q3 Un-audited): Consolidated EPS was Tk. 0.09 for January-March 2021 as against Tk. 0.14 for January-March 2020; Consol
(Q3 Un-audited): Consolidated EPS was Tk. 0.09 for January-March 2021 as against Tk. 0.14 for January-March 2020; Consolidated EPS was Tk. 0.75 for July 2020-March 2021 as against Tk. 1.04 for July 2019-March 2020. Consolidated NOCFPS was Tk. 2.26 for July 2020-March 2021 as against Tk. 2.55 for July 2019-March 2020. Consolidated NAV per share was Tk. 16.11 as on March 31, 2021 and Tk. 16.63 as on June 30, 2020.
- The Company has further informed that due to unavoidable circumstances a meeting of the Board of Directors of the Compan
The Company has further informed that due to unavoidable circumstances a meeting of the Board of Directors of the Company as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will now be held on June 23, 2021 at 3:00 PM instead of June 8, 2021 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2021.
- 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 June 8, 2021 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2021.
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 0.29 for October-December 2020 as against Tk. 0.35 for October-December 2019; Consolidated EPS was Tk. 0.66 for July-December 2020 as against Tk. 0.90 for July-December 2019. Consolidated NOCFPS was Tk. 1.59 for July-December 2020 as against Tk. 2.14 for July-December 2019. Consolidated NAV per share was Tk. 16.02 as on December 31, 2020 and Tk. 16.63 as on June 30, 2020.
- 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 28, 2021 at 2:35 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2020.
- The Company has informed that it has credited the Bonus shares for the year ended on June 30, 2020 to the respective sha
The Company has informed that it has credited the Bonus shares for the year ended on June 30, 2020 to the respective shareholders' BO Accounts on January 12, 2021. Cash dividend will be paid to the respective shareholders' in stipulated time.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.