Saiham Cotton Mills Ltd. announcements
214 Dhaka Stock Exchange announcements for Saiham Cotton Mills Ltd. (SAIHAMCOT) since 2012: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2021 (25).
- Resumption after record date
Trading of the shares of the Company will resume on 18.11.2021 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2021.
- (Q1 Un-audited): EPS was Tk. (0.46) for July-September 2021 as against Tk. 0.15 for July-September 2020; NOCFPS was Tk.
(Q1 Un-audited): EPS was Tk. (0.46) for July-September 2021 as against Tk. 0.15 for July-September 2020; NOCFPS was Tk. 3.81 for July-September 2021 as against Tk. 2.00 for July-September 2020. NAV per share was Tk. 36.72 as on September 30, 2020 and Tk. 36.17 as on June 30, 2020. The Company also informed that due to destructive fire accident in the raw cotton stock godown of Saiham Cotton (cont.)
- The auditor of the Saiham Cotton Mills Limited has given the \"Emphasis of matters\" paragraphs in the Auditor\'s Report
The auditor of the Saiham Cotton Mills 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 draw attention to note 5.00 \"Inventories\" & 23:00 \"Abnormal Loss By Fire\" of the notes to the financial statement which describes the effects of a fire in the company\'s godown. Our opinion is not modified in respect of this matter. Note 5.00 Inventories: (ii) On October 15, 2020 a fire incident happened in one of the (cont.1)
- (Continuation news of SAIHAMCOT): factory godown, the fire burned 7,529,900 LBS of raw cotton. Loss on total raw cotton
(Continuation news of SAIHAMCOT): factory godown, the fire burned 7,529,900 LBS of raw cotton. Loss on total raw cotton burned stands at TK. 573,970,353 (Note 23.00 \"Abnormal Loss by fire @10\% of total burned raw cotton amounting of Tk 57,397,035 as per IDRA rules). Note 23.00 Abnormal Loss by Fire: Balance of Total @10\% of claim deduction by Insurance Co. as per IDRA rules for the year ended on 30 June, 2021 was BDT 58,922,972.00. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of SAIHAMCOT): On October 15, 2020 a fire incident happened in one of the factory godown, the fire bu
(Continuation news of SAIHAMCOT): On October 15, 2020 a fire incident happened in one of the factory godown, the fire burned 7,529,900 LBS of raw cotton, the godown structure etc., Several units of fire brigades took three days to control the fire. The godwon is fully insured by Green Delta Insurance Company Limited. (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of SAIHAMCOT): Claim for total burned raw cotton stands at Tk. 573,970,353 and for Building Tk. 40,00
(Continuation news of SAIHAMCOT): Claim for total burned raw cotton stands at Tk. 573,970,353 and for Building Tk. 40,000,000. Abnormal Loss by fire @10\% of total burned raw cotton and building for total Tk. 58,922,972 and rest @90\% of total burned raw cotton and building for total Tk. 552,573,317 disclosed in note no. 7.00 \"Sundry Receivable\". (end)
The first part of this announcement is missing from the archive. - Q1 Financials
(Continuation news of SAIHAMCOT): Mills Limited on October 15, 2020 an amount of Tk. 12,69,77,654 has been sustained loss during this period, result of which EPS has been decreased under review. (end)
The first part of this announcement is missing from the archive. - 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 15.11.2021 to 16.11.2021. Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2021.
- 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 November 14, 2021 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2021.
- Dividend Declaration
The Board of Directors has recommended 10% cash dividend for the year ended on June 30, 2021. Date of AGM: 12.12.2021, Time: 11:00 AM, Venue: Digital Platform. Record date: 17.11.2021. The Company has also reported EPS of Tk. 1.08, NAV per share of Tk. 37.20 and NOCFPS of Tk. 3.27 for the year ended on June 30, 2021 as against Tk. (0.64), Tk. 35.97 and Tk. 0.23 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 on today (28.10.2021) for 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 27, 2021 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2021.
- Refer to the earlier news disseminated by DSE on 19.07.2021 and 19.08.2021, the Company has further informed that they h
Refer to the earlier news disseminated by DSE on 19.07.2021 and 19.08.2021, the Company has further informed that they have received the balance amount of Insurance claim for Tk. 12,02,64,114.00 only from Insurance Company. The Company has received full amount of Tk. 42,02,64,114.00 against which the claim was Tk. 59,03,70,221.00 for losses incurred of Raw cotton & Building construction caused by fire on October 15, 2020. (cont.)
- Recovery remaining amount of Insurance claim from insurance Company
(Cont. of SAIHAMCOT): The above amount will be utilized against repayment of loan, reconstruction of Raw cotton godown building and other related emergent expenditure of the company. (end)
The first part of this announcement is missing from the archive. - Refer to the earlier news disseminated by DSE on 19.07.2021, the Company has further informed that they have received th
Refer to the earlier news disseminated by DSE on 19.07.2021, the Company has further informed that they have received the recovery of Insurance claim for Tk. 15,00,00,000 (Total 30,00,00,000) from Insurance Company as part payment of Tk. 42,02,64,114 against which the claim was Tk. 59,03,70,221 for losses incurred of Raw cotton & Building construction caused by fire on October 15, 2020. (cont.)
- Recovery of Insurance claim from the insurance Company
(Cont. of SAIHAMCOT): The above amount will be utilized against repayment of loan, reconstruction of Raw cotton godown building and other related emergent expenditure of the company. (end)
The first part of this announcement is missing from the archive. - The Company has informed that the Board unanimously resolved to approve the recovery of Insurance claim for Tk. 15,00,00
The Company has informed that the Board unanimously resolved to approve the recovery of Insurance claim for Tk. 15,00,00,000.00 received from Insurance Company. as part payment of Tk. 42,02,64,114.00 against which the claim was Tk. 59,03,70,221.00 for losses incurred of Raw cotton & Building construction caused by fire on October 15, 2020. (cont.)
- Recovery of Insurance claim from the insurance Company
(Cont. of SAIHAMCOT): The above amount will be utilized against repayment of loan, reconstruction of Raw cotton godown building and other related emergent expenditure of the company. (end)
The first part of this announcement is missing from the archive. - Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.36 for January-March 2021 as against Tk. 0.11 for January-March 2020; EPS was Tk. 0.72 for July 2020-March 2021 as against Tk. 0.56 for July 2019-March 2020. NOCFPS was Tk. 6.50 for July 2020-March 2021 as against Tk. 0.03 for July 2019-March 2020. NAV per share was Tk. 36.65 as on March 31, 2021 and Tk. 35.97 as on June 30, 2020. NOCFPS has increased significantly due to increase in export collection and decrease in inventory compared to the previous year same period.
- 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 May 20, 2021 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2021.
- Credit Rating Agency of Bangladesh Limited (CRAB) has announced the Entity Rating (Surveillance) of the Company as "A2"
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the Entity Rating (Surveillance) of the Company as "A2" along with a stable outlook based on audited financial statements up to June 30, 2020; bank liability position up to March 31, 2021 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Confirmation of share transfer by a Sponsor Director
Mr. Syed Md. Faisal, one of the Sponsor Directors of the company has further reported that he has completed his transfer of 60,00,000 shares to his son Mr. Syed Shafqat Ahmed, another Sponsor Director of the company, by way of gift outside the trading system of the Exchange as per declaration disseminated on 23.03.2021
- Declaration of share transfer by a Sponsor Director
Mr. Syed Md. Faisal, one of the Sponsor Directors of the company has expressed his intention to transfer 60,00,000 shares out of his total holding of 1,23,87,500 shares of the Company to his son Mr. Syed Shafqat Ahmed, another Sponsor Director of the company, by way of gift outside the trading system of the Exchange within next 30 working days from the date of issuance of approval letter by DSE.
- 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, 2021 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2020.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.