Shurwid Industries Limited announcements
164 Dhaka Stock Exchange announcements for Shurwid Industries Limited (SHURWID) since 2014: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2016 (28).
- Emphasis of Matter
The auditor of the company has given the following emphasis of matter in the audit report of the company for the year ended on 30 June 2016: Emphasis of Matter: We draw attention to the following matters, though our opinion is not qualified in respect of the same: a) For the fair presentation of the financial statements management should give emphasize on the recording process and internal control of the organization and management should avoid cash mode transactions. b) As disclosed in the note 06 regarding inventories, management should made provision to observe the counting of the physical inventories jointly with the auditors at the end of the year. c) As disclosed in the note 17 regarding Workers Profit Participation Fund (WPPF), management should operate the fund through trustee board as per approved trustee deed and complying the Labour Act. 2010.
- Response to DSE's query
In response to a DSE query,regarding clarification on a recent news published in the On-line newspaper, the company has given the following response: We would like to inform you that as per our 2014-2015 annual report (page 13) we disclosed our expansion project plan of Extruder Machine for PVC Pipe with mould. After installation of this machine we cannot operate for production due to lack of electricity supply and we could not able to take initiative for commercial marketing of the product till now.In the area where our factory is situated the electricity supply from REB is not stable. Load shedding occurs several times in a day which hampers our production process. We remain out of electricity for 3 to 4 hours a day and sometimes the electricity is not there even for the whole day due to load shedding. Regarding this problem, we reported to the respective electricity supplier both verbally and in written but the result is not fruitful."
- Resumption after record date
Trading of the shares of the Company will resume on 20.11.2016 after record date.
- Suspension for record date
Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2016.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.01 for July-September, 2016 as against Tk. (0.01) for July-September, 2015; NOCFPS was Tk. (0.01) for July-September, 2016 as against Tk. (0.07) for July-September, 2015. NAV per share was Tk. 12.09 as of September 30, 2016 and Tk. 12.08 as of June 30, 2016.
- Board 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 November 14, 2016 at 6:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2016.
- Time Change of the 12th AGM
The Company has further informed that it has changed the Time of the 12th AGM of the Company at 9:15 AM instead of earlier declared 7:30 AM. Other information of the AGM is as announced earlier.
- Spot for AGM
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 from 06.11.2016 to 16.11.2016. Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2016.
- Dividend Declaration
The Board of Directors has recommended No dividend for the year ended on June 30, 2016. Date of AGM: 10.12.2016, Time: 7.30 AM, Venue: Factory Premises, Bi Mile, Konabari, Gazipur. Record date: 17.11.2016. The Company has also reported EPS of Tk. (0.04), NAV per share of Tk. 12.08 and NOCFPS of Tk. (0.75) for the year ended on June 30, 2016 as against Tk. (0.03), Tk. 12.27 and Tk. 0.10 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 (26.10.2016) following its corporate declaration.
- Reschedule of Board Meeting schedule under LR 19(1)
The Company has further informed that, due to some unavoidable circumstances, the meeting of the Board of Directors will now be held on October 25, 2016 at 5:00 PM instead of October 22, 2016 to consider, among others, audited financial statements of the Company for the year ended on June 30, 2016.
- Board Meeting
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 22, 2016 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2016.
- Date, Time & Venue of the 5th EGM and 11th AGM as per court order
The Company has further informed that as per Honorable High Court order in Company matter No. 50/2016, the 5th EGM and 11th AGM of the Company will now be held on June 23, 2016 at 11:00 AM and 11:30 AM respectively at Factory premises, Bi Mile, Konabari, Gazipur. Other information will remain unchanged.
- Q3 Financials
EPS was Tk. (0.015) for January-March 2016 as against Tk. 0.01 for January-March 2015; EPS was Tk. (0.03) for July'15-March'16 as against Tk. 0.40 for July'14-March'15. NAV per share was Tk. 12.10 as of March 31, 2016 and Tk. 12.12 as of June 30, 2015.The Company has further informed that NOCFPS was Tk. (0.74) for July'15-March'16 as against Tk. 0.24 for July'14-March'15.
- Board 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 April 18, 2016 at 6:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2016.
- Postponement of 5th EGM and 11th AGM
The Company has further informed that as per an interim order of the Honorable High Court Division of the Supreme Court of Bangladesh in Company matter No. 50, it has postponed the date of EGM and AGM (which was scheduled to be held on 19.03.2016). The new date will be fixed according to future order of the Honorable High Court.
- Q2 Financials
EPS was Tk. (0.01) for Oct.-Dec., 2015 as against Tk. 0.22 for Oct.-Dec., 2014; EPS was Tk. (0.01) for July-Dec., 2015 as against Tk. 0.43 for July-Dec., 2014. NOCFPS was Tk. (0.28) for July-December, 2015 as against Tk. (0.79) for July-December, 2014. NAV per share was Tk. 12.11 as of December 31, 2015 and Tk. 12.27 as of June 30, 2015.
- Resumption after Record date
Normal trading of the shares of the Company will resume on 24.02.2016 after record date for AGM & EGM.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 23.02.2016 for EGM & AGM.
- Board 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 February 25, 2016 at 6:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2015.
- Q1 Financials
EPS for July-September, 2015 was Tk. (0.01) as against Tk. 0.15 for July-September, 2014. NAV per share was Tk. 12.26 as of September 30, 2015 and Tk. 12.27 as of June 30, 2015.The Company has further informed that NOCFPS was Tk. (0.07) for July- September, 2015 as against Tk. 0.12 for July- September, 2014.
- Board 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 February 17, 2016 at 6:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2015.
- Spot for EGM & AGM
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 from 09.02.2016 to 22.02.2016. Trading of the shares of the Company will remain suspended on record date i.e., 23.02.2016 for EGM & AGM.
- Dividend Declaration and Fixed Assets Selling
The Board of Directors has recommended No dividend for the year ended on June 30, 2015.The Board has also decided to hold an EGM to take approval from the shareholders for selling of fixed assets (Generator) with Cost (Depreciated Value) of Tk. 3,00,27,510.00 (which is 6.81% of Fixed Assets and 4.07% of Total Assets). Date of EGM and AGM: 19.03.2016, Time for EGM and AGM : 10.00 AM and 11:00 AM respectively, Venue: Factory Premises, Bi Mile, Konabari, Gazipur. Record date: 23.02.2016.The Company has also reported Net Profit of Tk. (1.65) million, EPS of Tk. (0.03), NAV per share of Tk. 12.27 and NOCFPS of Tk. 0.10 for the year ended on June 30, 2015 as against Tk. 51.53 million, Tk. 1.64, Tk. 20.22 and Tk. 0.89 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 (28.01.2016) following its corporate declaration.
- Category Change
The Company will be placed in 'Z' category from existing 'A' category with effect from January 31, 2016 as the Company did not recommend any dividend for year ended on June 30, 2015.
- Prohibition on providing loan facilities to purchase securities
The Stock Brokers and Merchant Bankers are requested not to provide loan facilities to purchase securities of Shurwid Industries Limited starting from January 31, 2016 as per BSEC Directive No. SEC/CMRRCD/2001-43/169 dated October 01, 2009.
- Board Meeting
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 January 27, 2016 at 6:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2015.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.