Shasha Denims PLC. announcements
191 Dhaka Stock Exchange announcements for Shasha Denims PLC. (SHASHADNIM) since 2015: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (26).
- Update of Information
The Company has requested the Shareholders to update their BO account with e-TIN in their respective Brokerage House to avoid deduction of Tax @15% instead of 10% for individual as per section 54 of the amended Income Tax Ordinance 1984.
- Resumption after record date
Trading of the shares of the Company will resume on 21.11.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 20.11.2022
- 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 16.11.2022 to 17.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 20.11.2022.
- (Q1 Un-audited): Consolidated EPS was Tk. 0.56 for July-September, 2022 as against Tk. 0.43 for July-September, 2021. Co
(Q1 Un-audited): Consolidated EPS was Tk. 0.56 for July-September, 2022 as against Tk. 0.43 for July-September, 2021. Consolidated NOCFPS was Tk. 0.44 for July-September, 2022 as against Tk. (0.48) for July-September, 2021. Consolidated NAV per share was Tk. 40.80 as on September 30, 2022 and Tk. 40.23 as on June 30, 2022.(cont.)
- Q1 Financials
(Continuation news of SHASHADNIM): Reasons for deviation in EPS and NOCFPS: EPS has increased due to increase of revenue of the company and its subsidiary. NOCFPS has increased due to better collection of export proceeds during the period. (end)
The first part of this announcement is missing from the archive. - The auditor of the Shasha Denims Limited has given the \"Emphasis of matter\" paragraph in the Auditor\'s Report for the
The auditor of the Shasha Denims Limited has given the \"Emphasis of matter\" paragraph in the Auditor\'s Report for the year ended 30 June, 2022. Emphasis of matter: There has been observed a major change in Financial Statements of the group company during the year under audit arising out of compliance of IFRS 10 and IAS 36 in connection with Shasha Garments Ltd.& Energis Power Corporation Limited respectively. (cont.1)
- Emphasis of matter
(Continuation news of SHASHADNIM): Such action was taken in order to mitigate the going concern threat being faced in the matter of Energis Power Corporation Limited, resulting which the company had to incur an extra loss of Tk. 122.59 crore during the year under audit. (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 13, 2022 at 4:00 PM to consider, among others, un-audited financial statements of the company for the First Quarter (Q1) period ended September 30, 2022.
- (Continuation news of SHASHADNIM): According to the valuation report of M/S Hoda Vasi Chowdhury & Co. Chartered Accounta
(Continuation news of SHASHADNIM): According to the valuation report of M/S Hoda Vasi Chowdhury & Co. Chartered Accountants, Tk.1,225.90 million was accounted for as impairment loss which pulled down the consolidated net profit of the company. Consolidated operating cash flow mainly decreased due to payment of trade liability of EPCL by creating term loan. During the year, EPCL paid Tk. 992.00 million as trade liability and Tk. 242.00 million as finance charge. (cont. 4)
The first part of this announcement is missing from the archive. - (Continuation news of SHASHADNIM): Reasons for Significant deviation of Consolidated EPS, NOCFPS: Consolidated Net Profi
(Continuation news of SHASHADNIM): Reasons for Significant deviation of Consolidated EPS, NOCFPS: Consolidated Net Profit/ (Loss) has been decreased significantly due to recognition of impairment of fixed assets/ inventory of Energis Power Corporation Limited (a subsidiary company of Shasha Denims Ltd.) (cont. 2)
The first part of this announcement is missing from the archive. - (Continuation news of SHASHADNIM): The company further informed that the Board of Directors of EPCL decided to determine
(Continuation news of SHASHADNIM): The company further informed that the Board of Directors of EPCL decided to determine/ assess the fair value of fixed assets/ inventory as the operation of the company was suspended since July 2019 due to expiration of contract with BPDB. In this regard, M/S Hoda Vasi Chowdhury & Co. Chartered Accountants was appointed to determine/ assess the fair value of fixed assets/ inventory of EPCL. (cont. 3)
The first part of this announcement is missing from the archive. - The Board of Directors has recommended 10\% Cash dividend for the year ended June 30, 2022. Date of AGM: 20.12.2022, Tim
The Board of Directors has recommended 10\% Cash dividend for the year ended June 30, 2022. Date of AGM: 20.12.2022, Time: 10:30 AM, Venue: Digital Platform. Record Date: 20.11.2022. The Company has reported Consolidated EPS of Tk. (5.75), NAV per share of Tk. 40.23 and NOCFPS of Tk. (7.66) for the year ended June 30, 2022 as against Tk. 1.02, Tk. 41.97, and Tk. 1.43 respectively for the same period of the previous year. (cont. 1)
- Dividend Declaration & decision to sell shares of Subsidiary Company
(Continuation news of SHASHADNIM): The company has further informed that the Board of Directors also decided to sell/transfer of significant shares of EPCL to suitable buyer/associate company of SDL at NAV price to lessen the burden of shareholders of Shasha Denims Ltd. subject to approval of shareholders in the AGM to be held on December 20, 2022. (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 (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 5:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- Credit Rating Agency of Bangladesh Limited (CRAB) has announced the entity Surveillance rating of the Company as \"AA3\"
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the entity Surveillance rating of the Company as \"AA3\" along with a Stable outlook based on audited financial statements of the Company up to June 30, 2021, un-audited financial statements as of March 31, 2022; Bank liability position as on May 31, 2022 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- (Q3 Un-audited): Consolidated EPS was Tk. 0.55 for January-March 2022 as against Tk. 0.20 for January-March 2021; EPS wa
(Q3 Un-audited): Consolidated EPS was Tk. 0.55 for January-March 2022 as against Tk. 0.20 for January-March 2021; EPS was Tk. 1.45 for July 2021-March 2022 as against Tk. 0.63 for July 2020-March 2021. NOCFPS was Tk. 4.57 for July 2021-March 2022 as against Tk. 3.27 for July 2020-March 2021. NAV per share was Tk. 42.70 as on March 31, 2022 and Tk. 41.97 as on June 30, 2021. (cont.1)
- (Continuation news of SHASHADNIM): Reason for significant deviation in EPS and NOCFPS: Shasha Denims Ltd. (solo) made a
(Continuation news of SHASHADNIM): Reason for significant deviation in EPS and NOCFPS: Shasha Denims Ltd. (solo) made a remarkable revenue during the period. Revenue and GP growth of SDL was registered 44\% and 23\% respectively. Profit after tax of SDL for the period was BDT. 264 million as against BDT. 122 million in the corresponding period. SDL significantly contributed to increase of consolidated earnings during the period as against corresponding period. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of SHASHADNIM): On the other hand, EOS Textile Mills Ltd. (EOS) has contributed for increasing consol
(Continuation news of SHASHADNIM): On the other hand, EOS Textile Mills Ltd. (EOS) has contributed for increasing consolidated earnings of the Company. During the period EOS registered Net Income BDT. 58 million which was BDT. (11) million in the corresponding period. During the reporting period a subsidiary company EPCL registered loss BDT. 163 million as the company had no operation but financial charges accounted for BDT. 162 million. (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of SHASHADNIM): Income from Shasha Garments was decreased to BDT. 42 million during the period from B
(Continuation news of SHASHADNIM): Income from Shasha Garments was decreased to BDT. 42 million during the period from BDT. 78 million in corresponding period. NOCFPS: Company registered significant exports in July-March\'2022. During the period company was able to realize its export earnings in time as per schedule, On the other hand, import liability of the company has been increased due to payment dates were not matured till the reporting date, (cont.4)
The first part of this announcement is missing from the archive. - Q3 Financials
(Continuation news of SHASHADNIM): Generally, company imported raw materials by 90 days to 180 day LC of which significant amount of import liability will be paid in next quarter. Accounts receivable was increased compared to corresponding period for exports in credit. (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 April 28, 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.
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 0.47 for October-December 2021 as against Tk. 0.33 for October-December 2020; Consolidated EPS was Tk. 0.91 for July-December 2021 as against Tk. 0.43 for July-December 2020. Consolidated NOCFPS was Tk. (2.30) for July-December 2021 as against Tk. (0.52) for July-December 2020. Consolidated NAV per share was Tk. 42.15 as on December 31, 2021 and Tk. 41.97 as on June 30, 2021.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended June 30, 2021 to the respective shareholders.
- 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, 2022 at 5:00 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.