S. Alam Cold Rolled Steels Limited announcements
311 Dhaka Stock Exchange announcements for S. Alam Cold Rolled Steels Limited (SALAMCRST) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2009 (34).
- The Company has informed that subscription period for right issue will be from 01.02.2010 to 28.02.2010. Record date for
The Company has informed that subscription period for right issue will be from 01.02.2010 to 28.02.2010. Record date for entitlement of rights share: 07.01.2010.
- SEC has further informed that the Commission has approved Right Issue of S. Alam Cold Rolled Steels Ltd. for 26,67,240 O
SEC has further informed that the Commission has approved Right Issue of S. Alam Cold Rolled Steels Ltd. for 26,67,240 Ordinary Shares of Tk. 100.00 each at par amounting Tk. 26,67,24,000.00 only at a ratio of 1:2 i.e. one Rights Share for two existing shares. The approval has been accorded subject to the condition that the company shall comply with the requirements embodied in the Securities and Exchange Commission (Rights Issue) Rules, 2006 and other relevant laws and Regulatory Requirements, and shall also adhere to the conditions imposed by SEC under Section-2CC of the Securities and Exchange Ordinance, 1969.
- SEC has informed that the Commission is agreeable in principle to accord consent to the company for issuance of 26,67,24
SEC has informed that the Commission is agreeable in principle to accord consent to the company for issuance of 26,67,240 Rights Shares of Tk. 100.00 each at par amounting Tk. 26,67,24,000.00 only at a ratio of 1:2 i.e. one Rights Share for two existing shares as applied for. The company is required to submit revised Rights Offer Document (ROD) incorporating shareholding structure and sources of financing of S. Alam Power Generation Ltd. in details and submit the same to the Commission for vetting.
- In response to a DSE query dated 08.12.09, the company has informed that there is no undisclosed price sensitive informa
In response to a DSE query dated 08.12.09, the company has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike.
- Normal trading of the shares of the company will resume on 16.11.09 after Record date for EGM.
Normal trading of the shares of the company will resume on 16.11.09 after Record date for EGM.
- Trading of the shares of the company will remain suspended on record date i.e. 15.11.09 for EGM.
Trading of the shares of the company will remain suspended on record date i.e. 15.11.09 for EGM.
- (continuation of news of SALAMCRST): Shareholders on Record date on 15 November, 2009 will have the prerogative to subsc
(continuation of news of SALAMCRST): Shareholders on Record date on 15 November, 2009 will have the prerogative to subscribe for 21,33,792 Preference Shares on a 10:4 basis, i.e., shareholders holding 10 existing Ordinary Shares will have the prerogative to subscribe for 4 Preference Share within 10th January 2010 subject to approval of the shareholders in the EGM and SEC's consent.
The first part of this announcement is missing from the archive. - Trading of the shares of the company will be allowed only in the Spot Market and Block/Odd lot transactions will also be
Trading of the shares of the company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle from 10.11.09 to 12.11.09. Trading of the shares of the company will remain suspended on record date i.e. 15.11.09 for EGM. It is to be noted here that the shareholders whose name will appear in the Share Register of the company or in the Depository Register on that date will be entitled to attend at the EGM. It is also to be mentioned here that as per serial no. 5 of the notice of the EGM of the company, (continue)
- (continuation of news of SALAMCRST): 8. The Preference Shares will not be listed and/or publicly placed. However, these
(continuation of news of SALAMCRST): 8. The Preference Shares will not be listed and/or publicly placed. However, these will be transferable like any other shares. 9. The funds so raised will be used to finance for procurement and installation of one complete Non-Oxide Furnace (NOF) type Continuous Galvanizing Line (CGL) in expansion of the company. 10. An Information Memoranda will be used to facilitate investment in the aforesaid Preference Share Issue.(end)
The first part of this announcement is missing from the archive. - (continuation of news of SALAMCRST): 5. Shareholders on Record date on 15th November 2009 will have the prerogative to s
(continuation of news of SALAMCRST): 5. Shareholders on Record date on 15th November 2009 will have the prerogative to subscribe for 40% i.e. 21,33,792 Preference Shares as above on a 10:4 basis, i.e., shareholders holding 10 existing Ordinary Shares will have the prerogative to subscribe for 4 Preference Share within 10th January 2010. 6. The unsubscribe Preference Shares out of the Preference Shares referred to in paragraph 5 above; and remaining 60% i.e. 32,00,688 Preference Shares will be privately placed.7. Preference Shares will be issued approximately on 31st January 2010 provided SEC's consent to the aforesaid Preference Share Issue is obtained prior to that date. (cont-5)
The first part of this announcement is missing from the archive. - (continuation of news of SALAMCRST): to the weighted average price of the Dhaka Stock Exchange during the period from th
(continuation of news of SALAMCRST): to the weighted average price of the Dhaka Stock Exchange during the period from the Record date for the issuance of Preference shares ending on 31st July 2010. 2. There will be a one year lock-in on the converted ordinary shares from the date of issue of the Preference shares3. Once Preference Shares are converted into Ordinary Shares; and lock-in period thereof expires, such ordinary shares shall be listed like other ordinary shares of the company in the stock exchanges and tradable thereat.4. An interim dividend at 3% will be paid on 2nd May 2010 and 1st August 2010 against the preference shares. Record date for interim dividend on Preference Shares shall be 30th April 2010 and 31st July 2010.(cont-4)
The first part of this announcement is missing from the archive. - (continuation of news of SALAMCRST): to be held on 12.12.09 at 3:00 PM at Hotel Lord's Inn, East Nasirabad, Chittagong w
(continuation of news of SALAMCRST): to be held on 12.12.09 at 3:00 PM at Hotel Lord's Inn, East Nasirabad, Chittagong with Record Date on 15.11.09 and upon SEC's consent to the aforesaid Preference Share Issue:- 1. The Preference Shares shall be converted into Ordinary Shares in two stages.a) One-half (50%), i.e., Taka 50, of each preference share will be converted into ordinary shares on 2nd May 2010 at 30% discount to the weighted average price of the Dhaka Stock Exchange during the period from the Record date for the issuance of Preference shares ending on 30th April 2010, and b) the remaining One-half (50%), i.e., Taka 50, of each preference share will be converted into ordinary shares on 1st August 2010 at 30% discount (continue-3)
The first part of this announcement is missing from the archive. - (continuation of news of SALAMCRST): in terms of the detail scope of supply contract to be prepared subsequently. The co
(continuation of news of SALAMCRST): in terms of the detail scope of supply contract to be prepared subsequently. The cost of the project with a production capacity around 280 Ton per day is estimated to be around Tk. 70.00 crore (approximately) and the estimated annual turnover will be Tk. 500.00 crore at rated capacity. The product of the proposed CGL would utilize the Cold Rolled Coils (CRC) produced by S. Alam Cold Rolled Steels Ltd. In order to finance cost of the project, the Directors has also decieded to issue up to 53,34,480 fully convertible, 6% dividend, Preference Shares of Taka 100 each on the following terms and conditions subject to approval of the shareholders of the company in their EGM (cnt-2)
The first part of this announcement is missing from the archive. - The company has informed that the Board of Directors of the company in its meeting held on 07.11.09 at 11:30 AM decided
The company has informed that the Board of Directors of the company in its meeting held on 07.11.09 at 11:30 AM decided to set up a NOF type Continuous Galvanizing Line (CGL) with CTL Plant for production of GP/CI Sheets with most modern and economic technology consuming the C.R. Coils produced by the company to meet the local demand of the product and if possible to export the same, and with this end in view shall be finalizing a deal with the TENOVA MULTIFORM (PVT) LTD who, on principle, agreed for design, manufacture, supply, supervision of erection and commissioning of one complete Non-Oxide Furnace (NOF) type Continuous Galvanizing Line (CGL) with Cut-To-Length (CTL) and auxiliary all brand new and of Italian origin on turn key basis, at a price of US$ 6,700,000 (cnt1)
- (Additional Information): The company has informed that after successful testing and commissioning, S. Alam Power Plant
(Additional Information): The company has informed that after successful testing and commissioning, S. Alam Power Plant Limited, one of the corporate members of S. Alam Group has commenced its commercial operation from 15.09.09 at its 6 MW power plant. It may however be clarified here that there is no stake of S. Alam Cold Rolled Steels Limited in the capital of S. Alam Power Plant Limited therefore its operation and profitability have no impact whatsoever to operation/profitability of S. Alam Cold Rolled Steels Limited or on the trade of shares of the company.
- (Repeat): The company has informed that after successful testing and commissioning, S. Alam Refined Sugar Industries Lim
(Repeat): The company has informed that after successful testing and commissioning, S. Alam Refined Sugar Industries Limited, one of the corporate members of S. Alam Group, has on 14th September 2009 started commercial operation of its carbonation based sugar refining plant having a production capacity of 1200 Metric Ton per day and equipped with its own 6 MW power generation plant to meet its own electricity requirements as well as to sell the excess of its requirements to the Palli Biddut Samity. The company verbally informed that there is no stake of S. Alam Cold Rolled Steels Ltd. in the share capital of S. Alam Refined Sugar Industries Limited.
- The company has informed that after successful testing and commissioning, S. Alam Refined Sugar Industries Limited, one
The company has informed that after successful testing and commissioning, S. Alam Refined Sugar Industries Limited, one of the corporate members of S. Alam Group, has on 14th September 2009 started commercial operation of its carbonation based sugar refining plant having a production capacity of 1200 Metric Ton per day and equipped with its own 6 MW power generation plant to meet its own electricity requirements as well as to sell the excess of its requirements to the Palli Biddut Samity.
- In response to a DSE query, the company has informed that there is no undisclosed material decision/information relating
In response to a DSE query, the company has informed that there is no undisclosed material decision/information relating to the company's operation/profitability or additional disclosure pertinent to the company, company's members of the Board, any of its subsidiaries or Group that might have impact on the trading of the shares of the company.
- The Company has requested the concerned shareholders (other than Chittagong, Cox's Bazar and Chittagong Hill Districts r
The Company has requested the concerned shareholders (other than Chittagong, Cox's Bazar and Chittagong Hill Districts regions) to collect their dividend warrants from May 17 to 21, 2009 (from 10:00 a.m. to 4:00 p.m.) from the Liaison Office of the company at Sharif Mansion (6th Floor), 56-57, Motijheel C/A, Dhaka-1000. The shareholders of Chittagong, Cox's Bazar and Chittagong Hill Districts regions are requested to collect their dividend warrants simultaneously from the registered office of the company at S. Alam Bhaban, 2119, Asadgonj, Chittagong.
- As per un-audited half yearly accounts as on 31.03.09, the Company has reported profit after tax of Tk. 60.25 m. with EP
As per un-audited half yearly accounts as on 31.03.09, the Company has reported profit after tax of Tk. 60.25 m. with EPS of Tk. 11.30 as against last year's half yearly of Tk. 57.33 m. and Tk. 10.75 respectively.
- Continuation of news of S. Alam Cold Rolled Steels Ltd.: for the sake of dissemination of information to the highest pos
Continuation of news of S. Alam Cold Rolled Steels Ltd.: for the sake of dissemination of information to the highest possible extent to help investor for sound investment decision. DSE has also asked the company secretary to appear before DSE Management on Monday next (13.04.09) at 3:00 PM. (End)
- Continuation of news of S. Alam Cold Rolled Steels Ltd.: Whereas the same information was reported in the national daili
Continuation of news of S. Alam Cold Rolled Steels Ltd.: Whereas the same information was reported in the national dailies on 03.04.09 stated that the share transfer agreement was signed on 31.03.09. On this ground, the Exchange expressed high dissatisfaction for non-dissemination of related material information by the company as the general investors may not be always very careful to capture the situation in very precise manner thereby posing a possibility of influencing investment decision erroneously. As such DSE has warned the company to be more cautious in future concerning dissemination of material information as well as providing additional disclosures (Continue)
- In response to a DSE query regarding acquisitions of shares of Oman Bangladesh Leasing & Finance Ltd. (OBLFL), the compa
In response to a DSE query regarding acquisitions of shares of Oman Bangladesh Leasing & Finance Ltd. (OBLFL), the company has informed that in such acquisition of shares of OBLFL; three sponsors i.e., two corporate sponsors and one sponsor director of S. Alam Cold Rolled Steels Ltd. are involved. This is exclusively in their personal capacity and of their personal nature, and are definitely not in the nature of investment of the company and we (the company) are of the opinion that it does not effect directly or indirectly on the performance and profitability of the company. Despite of DSE query dated 01.04.09; asking for reasons of recent unusual price hike of the shares of the company, it did not give any specific information regarding the above. (Continue)
- Continuation of news of S. Alam Cold Rolled Steels Ltd.:Further, DSE has requested to intimate by return fax about the d
Continuation of news of S. Alam Cold Rolled Steels Ltd.:Further, DSE has requested to intimate by return fax about the details involvement of company's Sponsors/Directors in the OBLFL and also asked for explanation as why this has not been disclosed as additional disclosure and as such appropriate action shall not be taken against all concerned for failure to provide correct information.
- Trading of the shares of the company will remain halted for market enquiry by the DSE Management in connection with repo
Trading of the shares of the company will remain halted for market enquiry by the DSE Management in connection with reporting in the national dailies on 03.04.09 regarding acquiring of majority stakes of Oman Bangladesh Leasing and Finance Ltd. (OBLFL) where Mr. Md. Saiful Alam Masud, Group Chairman as well as Managing Director of the company will also be the Chairman of the OBLFL which was not intimated to DSE earlier. Whereas as against DSE query regarding unusual price hike on 01.04.09, the company replied on the same date that "We do not have any undisclosed material decision/information relating to our company's operation/profitability that might have impact on the trade of the shares of our company".(Continue)
- In response to a DSE query, the company has informed that there is no undisclosed price sensitive information of the com
In response to a DSE query, the company has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike.
- Normal trading of the shares of the company will resume on 12.03.09 after Record date and there will be no price limit o
Normal trading of the shares of the company will resume on 12.03.09 after Record date and there will be no price limit on the trading of the shares of the company for the same day.
- Trading of the shares of the company will remain suspended on record date i.e., 11.03.09 for AGM & EGM.
Trading of the shares of the company will remain suspended on record date i.e., 11.03.09 for AGM & EGM.
- Trading of the shares of the company will be allowed only in the Spot Market and Block/Odd lot transactions will also be
Trading of the shares of the company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle with cum benefit from 05.03.09 to 09.03.09. Trading of the shares of the company will remain suspended on record date i.e., 11.03.09 for AGM and EGM.
- There will be no price limit on the trading of the shares of the company today (24.02.09) following its corporate declar
There will be no price limit on the trading of the shares of the company today (24.02.09) following its corporate declaration.
- (Continuation of news of S. Alam Cold Rolled Steels Ltd.)In addition to above, the Board also decided to set up a medium
(Continuation of news of S. Alam Cold Rolled Steels Ltd.)In addition to above, the Board also decided to set up a medium size Power Generation Plant at Chittagong by formation of a company under the name and style of S. Alam Power Generation Limited. S. Alam Cold Rolled Steels Ltd. will hold 70% of the equity of the said company. The proceeds of the right shares would be used for financing of the S. Alam Power Generation Limited. The company has also reported that it has earned Profit after tax of Tk. 121.96 m. with EPS of Tk. 22.86 as on 30.09.08 as against Tk. 71.57 m. and Tk. 13.42 respectively as on 30.09.07.
The first part of this announcement is missing from the archive. - The Board of Directors has recommended cash dividend @ 17% for the year ended on 30.09.08. The Board has also decided to
The Board of Directors has recommended cash dividend @ 17% for the year ended on 30.09.08. The Board has also decided to issue right shares @ 2:1 (i.e., one Right share for every two shares) at face value subject to approval of the shareholders at an EGM of the company as well as that of the competent authorities. Date of EGM and AGM: 30.03.09, Time: 11.00 AM and 11.30 AM respectively, Venue: The Engineers' Institute, Chittagong. Record Date: 10.03.09 (if the Eid-e-Miladunnabi holday falls on 10.03.09 upon appearance of moon, then the record date shall be 11.03.09. Another Record Date for entitlement of Right Share shall be informed after obtaining approval from SEC. (Continue)
- The company has further informed that due to unavoidable circumstances the 90th Meeting of the Board of Directors of the
The company has further informed that due to unavoidable circumstances the 90th Meeting of the Board of Directors of the company scheduled for holding on Sunday, the 22nd February 2009 shall now be held on Monday, the 23rd February 2009 commencing at 3:00 PM at registered office of the company to consider, amongst other things, the audited financial statement for the year ended 30th September 2008 and other related matters.
- As per regulation 30 of DSE listing regulations, the company has informed that the 90th Meeting of the Board of Director
As per regulation 30 of DSE listing regulations, the company has informed that the 90th Meeting of the Board of Directors of the company will be held on Sunday, the 22nd February 2009 at 2:30 PM at registered office of the company to consider, amongst other things, the audited financial statement for the year ended 30th September 2008 and other related matters.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.