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 2022 (35).
- The auditor of the Saif Powertec Limited has given the \"Emphasis of Matter\" paragraph in the Auditor\'s Report for the
The auditor of the Saif Powertec Limited has given the \"Emphasis of Matter\" paragraph in the Auditor\'s Report for the year ended 30 June 2022. Emphasis of Matter: We refer to note no: 3.14 and 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 (cont.1)
- (Continuation news of SAIFPOWER): position of separate bank account in line with Bangladesh Labour Rules-2015. Our opini
(Continuation news of SAIFPOWER): position of separate bank account in line with Bangladesh Labour Rules-2015. 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 (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of SAIFPOWER): Participation and Welfare Fund in the accounts from the year 2019-2020. The fund trans
(Continuation news of SAIFPOWER): Participation and Welfare Fund in the accounts from the year 2019-2020. 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 (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of SAIFPOWER): under process. The management of the company tried to disburse the amount to workers t
(Continuation news of SAIFPOWER): under process. 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) 7 (b) of Bangladesh Labour Act-2006, the management of the Company decided to pay out the benefit in cash basis. So far (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of SAIFPOWER): the company use cash basis as payment of workers\' profit participation fund. The mana
(Continuation news of SAIFPOWER): the company use cash basis as payment of workers\' profit participation fund. The management of the company also applied to the governing committee chairman of WPPF to utilize the fund balancing fund as loan in accordance with provisions stated in Bangladesh Labour Law-2006. Note 26- Workers\' Profit Participation/Welfare Fund: Both the consolidated and the company balance for workers\' profit (cont.5)
The first part of this announcement is missing from the archive. - Emphasis of Matters
(Continuation news of SAIFPOWER): participation and welfare fund as on 30 June 2022 and 2021 was BDT 218,164,660 and BDT 221,166,647 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 20.11.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2022
- 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 15.11.2022 to 16.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2022.
- Dividend Declaration
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: 17.11.2022. The Company has reported Consolidated EPS of Tk. 1.32 (Diluted), Consolidated NAV per share of Tk. 17.91 and Consolidated NOCFPS of Tk. 1.98 for the year ended June 30, 2022 as against Tk. 1.65 (Diluted), Tk. 17.11 and Tk. 2.64 respectively for the same period of the previous year.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company 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 3:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- The Company has informed that a contract agreement has been signed between and amongst 1. SAFEEN FEEDER COMPANY, sole pr
The Company has informed that a contract agreement has been signed between and amongst 1. SAFEEN FEEDER COMPANY, sole proprietorship LLC, a Company incorporated under laws of UAE with its Business Address C/O- AD Ports Group PO Box 54477, Mina Road, Zayed Port Gate 1, Abu Dhabi, UAE (the \"Safeen Feeders\") (100\% owned by Abu Dhabi Ports Company PJSC) and 2. Saif Maritime LLC, a sole establishment and incorporated in the Emirates of DUBAI, (Cont. 1)
- (continuation news of SAIFPOWER): under the laws of UAE with its Business office at 2401, Vision Tower, Business bay, Du
(continuation news of SAIFPOWER): under the laws of UAE with its Business office at 2401, Vision Tower, Business bay, Dubai, UAE (\"SAIF\") (100\% Subsidiary of SAIF POWERTEC LIMITED ) 3. Saif Powertec Limited a public limited Company incorporated under the laws of Bangladesh with its registered office at 72, Mohakhali C/A, Rupayan Centre (8th Floor), Dhaka-1212, Bangladesh (\"Guarantor \") (Cont. 2)
The first part of this announcement is missing from the archive. - (continuation news of SAIFPOWER): The agreement has signed by the Group Chairman of AD Port Group who is the owner of 10
(continuation news of SAIFPOWER): The agreement has signed by the Group Chairman of AD Port Group who is the owner of 100\% shares of SAFEEN FEEDER COMPANY and Managing Director of SAIF POWERTEC LIMITED. The above-mentioned parties have entered into Agreement to place 3 (three ) number of the Container Feeder Vessels having Capacity about 1700 to 2100 TEUS each which is owned by Safeen Feeders from time to time and at Safeen Feeders discretion (the Vessels) (Cont. 3)
The first part of this announcement is missing from the archive. - (continuation news of SAIFPOWER): will operate on Bareboat and /or Time Charter to SAIF for carrying Containers deployed
(continuation news of SAIFPOWER): will operate on Bareboat and /or Time Charter to SAIF for carrying Containers deployed UAE to Bangladesh and as suitable in any international route ( Except the sanctioned Countries) and Globally connecting to any international destinations over a period 15 years. SAIF will perform charter-in-those Vessels on the terms as set out herein its Schedule (Charter Basis) and for this each of the Charter Deals shall be guaranteed by the Guarantor (Cont. 4)
The first part of this announcement is missing from the archive. - SAIFPOWER : Signing of Contract Agreement
(continuation news of SAIFPOWER): which shall join in the Charter-Party Agreement as a Guarantor only to the extent that shall be set out in each of the separate Vessel's Chartering Agreement. The Estimate Cargo Freight Sales Revenue Per Vessel per annum is USD 20.00 Million which is equivalent to Taka 200.00 crore (approx.) and Net Profit amount to USD 2.50 Million, equivalent to Taka 25.00 crore (approx.) per year per vessel for the period of 15 (fifteen) years. (end)
The first part of this announcement is missing from the archive. - The Company has informed that the Board of Directors has decided to take over as a 100\% owner of Saif Maritime L.L.C Ta
The Company has informed that the Board of Directors has decided to take over as a 100\% owner of Saif Maritime L.L.C Taka 12,690,000 equivalent to UAE Dirhams 5,00,000 where Saif Maritime L.L.C will carry on business of Cargo Transport by Heavy Trucks, Cargo Transport by Light Trucks, Shipping Lines of Freight & Passengers Transportation, Sea Freight & Passengers Charters, Customs Broker, Cargo Loading (cont.)
- Decision to take over of Saif Maritime L.L.C
(Continuation news of SAIFPOWER): and Unloading Services, Sea Cargo Services, Shipping Containers Loading and Unloading Services, Sea Shipping Lines Agents, Freight Broker. Total estimated annual revenue and Net profit will be Taka 25.98 Crore and Taka 3.89 Crore respectively. (End)
The first part of this announcement is missing from the archive. - Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 0.13 for January-March 2022 as against Tk. 0.09 for January-March 2021; Consolidated EPS was Tk. 1.12 for July 2021-March 2022 as against Tk. 0.71 for July 2020-March 2021. Consolidated NOCFPS was Tk. 1.44 for July 2021-March 2022 as against Tk. 2.13 for July 2020-March 2021. Consolidated NAV per share was Tk. 16.32 as on March 31, 2022 and Tk. 17.11 as on June 30, 2021.
- 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.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended June 30, 2021 to the respective shareholders.
- Dividend Disbursement
The Company has informed that it has credited the Bonus shares for the year ended June 30, 2021 to the respective shareholders' BO Accounts on March 10, 2022.
- Credit Rating Agency of Bangladesh Limited (CRAB) has announced the Entity Rating of the Company as \"A2\" along with a
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the Entity Rating of the Company as \"A2\" along with a stable outlook based on audited financial statements up to June 30, 2021; bank liability position as on February 27, 2022 and other relevant quantitative and qualitative information up to the date of rating declaration.
- The Company has informed that a Contract Agreement has been signed between and amongst 1. Safeen Feeder Company, sole pr
The Company has informed that a Contract Agreement has been signed between and amongst 1. Safeen Feeder Company, sole proprietorship LLC, a Company incorporated under laws of UAE (the \"Safeen Feeders\") (100\% owned by Abu Dhabi Ports Company PJSC) and 2. Saif United Shipping & Trading, establishment and incorporated in the Emirates of Fujairah, under the laws of UAE, UAE (\"Saif \") (100\% Subsidiary of Saif Powertec Limited which is under process) (cont. 1)
- (Continuation news of SAIFPOWER): and 3. Saif Powertec Limited a public limited Company incorporated under the laws of B
(Continuation news of SAIFPOWER): and 3. Saif Powertec Limited a public limited Company incorporated under the laws of Bangladesh, (\"Guarantor\"). The above- mentioned parties have entered into discussions to place eight number (8) of the sea- going bulk carrier vessels 55,000 DWT each which is owned by Safeen Feeders from time to time and at Safeen Feeders discretion (the Vessels) on bareboat and / or time charter to Saif for carriage DRY Bulk cargoes from Fujairah Port to Chittagong Port, (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of SAIFPOWER): Bangladesh and other international destinations over a period of 15 years. Saif will p
(Continuation news of SAIFPOWER): Bangladesh and other international destinations over a period of 15 years. Saif will perform charter-in-those Vessels on the terms as set out herein its Schedule (Charter Basis) and this each of the Charter Deals shall be guaranteed by the Guarantor which shall join in the charter party agreement as a guarantor only to the extent that shall be set out in each of the Vessel\'s Chartering agreement. (cont. 3)
The first part of this announcement is missing from the archive. - Signing of Contract Agreement
(Continuation news of SAIFPOWER): The Estimate Cargo Freight Sales Revenue per vessel per annum is USD 18.00 Million which is equivalent to BDT 154.00 crore (approx.), and Net Profit amounts to USD 1.80 Million in equivalent to BDT 15.48 crore (approx.) per year per vessel for the period of 15 (fifteen) years. (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 01.03.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 28.02.2022.
- Spot for entitlement of 6% Stock Dividend
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 24.02.2022 to 27.02.2022. Trading of the shares of the Company will remain suspended on record date i.e., 28.02.2022.
- BSEC Consent and Record date for entitlement of 6% Stock Dividend
The Company has further informed that BSEC has accorded consent for issuance of 6% Stock Dividend for the year ended June 30, 2021. The Company has also informed that the Board of Directors has fixed the Record date on 28.02.2022 for entitlement of the aforesaid Bonus Shares.
- Consent from BSEC and Record date for entitlement of 6% Stock Dividen
The Company has further informed that BSEC has accorded consent for issuance of 6% Stock Dividend for the year ended June 30, 2021. The Company has also informed that the Board of Directors has fixed the Record date on 28.02.2022 for entitlement of the aforesaid Bonus Shares.
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 0.53 for October-December 2021 as against Tk. 0.29 for October-December 2020; Consolidated EPS was Tk. 1.05 for July-December 2021 as against 0.66 for July-December 2020. Consolidated NOCFPS was Tk. 1.13 for July-December 2021 as against Tk. 1.59 for July-December 2020. Consolidated NAV per share was Tk. 17.16 as on December 31, 2021 and Tk. 17.11 as on June 30, 2021.
- 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 February 15, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.