Standard Ceramic Industries Limited announcements
267 Dhaka Stock Exchange announcements for Standard Ceramic Industries Limited (STANCERAM) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (20).
- Resumption after record date
Trading of the shares of the Company will resume on 17.11.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 16.11.2022
- 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 from 14.11.2022 to 15.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 16.11.2022.
- The Board of Directors has recommended No dividend for the year ended June 30, 2022. Date of AGM: 27.12.2022, Time: 10:3
The Board of Directors has recommended No dividend for the year ended June 30, 2022. Date of AGM: 27.12.2022, Time: 10:30 AM, Venue: Digital Platform. Record Date: 16.11.2022. The Company has also reported EPS of Tk. (2.99), NAV per share of Tk. 6.66 and NOCFPS of Tk. (0.94) for the year ended June 30, 2022 as against Tk. 0.24, Tk. 9.72 and Tk. 1.20 respectively for the same period of the previous year. (cont.1)
- Continuation news of STANCERAM): Reasons for deviation in EPS and NOCFPS: Basic Earning Per Share (EPS) has become negat
Continuation news of STANCERAM): Reasons for deviation in EPS and NOCFPS: Basic Earning Per Share (EPS) has become negative figure for the year as the overall economic condition was dull for COVID-19 and Russia-Ukraine war. Moreover, factory was closed down for 9 days (from 23/7/2021 to 31/7/2021) in the line of Govt. decision and another 6 days were required for resuming commercial production. But the company had to pay full salary and all other fixed cost. (cont. 2)
- (Continuation news of STANCERAM): Apart from this, price of all imported raw materials have increased (as international
(Continuation news of STANCERAM): Apart from this, price of all imported raw materials have increased (as international shipping, freight charges and Dollar price have gone up) and local raw materials have also increased but the company could not increase products\' prices accordingly due to dull economic condition for COVID- 19 and Russia-Ukraine war. As a result, production and sales of the factory have decreased which resulted in decreased Earning per share of the company. (cont.3)
The first part of this announcement is missing from the archive. - The auditor of the Standard Ceramic Industries Ltd. has given the \"Qualified Opinion\" paragraphs in the auditor\'s rep
The auditor of the Standard Ceramic Industries Ltd. has given the \"Qualified Opinion\" paragraphs in the auditor\'s report for the year ended June 30, 2022. Basis for Qualified Opinion: 1. Reference to the Note# 19 The company has a contributory Provident Fund recognized by the Tax Authority. The employer\'s contribution along with employees\' contribution are required to transfer to the Provident Fund under the conditions of the fund recognition and Rule 250 (2) of the Bangladesh Labor Rules 2015. (cont.1)
- (Continuation news of STANCERAM): The company did not transfer the both employers and employees\' contribution totaling
(Continuation news of STANCERAM): The company did not transfer the both employers and employees\' contribution totaling Tk. 16,820,399 to the Provident Fund account rather used as a loan during the year. However, the company has made provision @ 8\% interest of undisbursed amount of the contributions. 2. Reference to the Note# 18 Unclaimed Dividend of Tk. 8,750,774 out of Tk. 9,370,569 has not been transferred to the Capital Market Stabilization Fund as directed by the (CMSF) (cont.2)
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 (27.10.2022) following its corporate declaration.
- Dividend Declaration
(Continuation news of STANCERAM): Net Operating Cash Flow per share (NOCFPS) has decreased in the year 2021-22 under review compared to the preceding year (2020-21) as collection (advance) against sales for the year 2021-22 has decreased due to COVID- 19 and Russia-Ukraine war and suppliers payment has increased. (end)
The first part of this announcement is missing from the archive. - Qualified Opinion
(Continuation news of STANCERAM): Bangladesh Securities and Exchange Commission's directive no. BSEC/CMRRCD/2021-386/03 dated 14 January 2021 and Bangladesh Securities and Exchange Commission (Capital Market Stabilization Fund) Rules 2021 and Commission's letter no. SEC/SRMlC/165-2020/ part-1/166 dated 06 July 2021 and Commission's letter no. SEC/SRMlC/165-2020/ part-1/182 dated 9 July 2021. However, the company has paid an amount of Tk. 1,000,000 to the CMSF on 06.10.2022. (end)
The first part of this announcement is missing from the archive. - 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 26, 2022 at 2:30 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- The Company has informed that the Board of Directors of the Company has decided to take bank loan a sum of BDT 15.00 cro
The Company has informed that the Board of Directors of the Company has decided to take bank loan a sum of BDT 15.00 crore (Taka Fifteen crore) as additional working capital loan to solve working capital crisis. The company further informed that they needed to take the loan due to; i) In 2019-20, their Glost Kiln was re-built and factory was partially laid off for 3 months (approx.) ii) Due to COVID-2019 industry was closed down for 3 months (approx.) (cont.)
- Decision to take bank loan as additional working capital
(Continuation news of STANCERAM): iii) Currently Russia and Ukraine war pushed cost of all raw materials, shipping and transport cost to an unprecedented level; and iv) Recent flood has affected the market. (end)
The first part of this announcement is missing from the archive. - Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.10 for January-March 2022 as against Tk. 0.86 for January-March 2021; EPS was Tk. (2.20) for July 2021-March 2022 as against Tk. (0.64) for July 2020-March 2021. NOCFPS was Tk. 0.87 for July 2021-March 2022 as against Tk. 3.20 for July 2020-March 2021. NAV per share was Tk. 7.42 as on March 31, 2022 and Tk. 9.72 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 2:30 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.
- (Q2 Un-audited): EPS was Tk. 0.03 for October-December 2021 as against Tk. 0.47 for October-December 2020; EPS was Tk. (
(Q2 Un-audited): EPS was Tk. 0.03 for October-December 2021 as against Tk. 0.47 for October-December 2020; EPS was Tk. (2.30) for July-December 2021 as against Tk. (1.50) for July-December 2020. NOCFPS was Tk. (0.36) for July-December 2021 as against Tk. 0.26 for July-December 2020. NAV per share was Tk. 7.32 as on December 31, 2021 and Tk. 9.72 as on June 30, 2021. (Cont.)
- Q2 Financials
(Continuation news of STANCERAM): The Company has also informed that EPS has become negative figure for the period as the overall economic condition was dull for COVID-19 and decrease of production and sales. NOCFPS has decreased as payment of suppliers and employees were high as well as collection of the factory is less compared to the preceding period. (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 January 30, 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.