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 2024 (27).
- 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 01, 2025 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2024.
- Regarding AGM venue and Link
Refer to their earlier news disseminated by DSE on 17.11.2024 regarding dividend declaration, the company has further informed that the AGM will be held through Hybrid System at Institution of Diploma Engineers Bangladesh (IDEB), Social Garden, Room No-502(5th Floor),160/A. Kakrail VIP Road, Dhaka-1000 and through the link https://standardceramic.bdvirtualagm.com.
- Resumption after Record Date
Trading of the shares of the company will resume on 08.12.2024.
- Suspension for Record Date
Trading of the shares of the company will remain suspended on record date i.e., 05.12.2024.
- 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 02.12.2024 to 04.12.2024 and trading of the shares will remain suspended on record date i.e., 05.12.2024.
- Dividend Declaration
The Board of Directors has recommended No Dividend for the year ended June 30, 2024. Date of AGM: 26.12.2024, Time: 10:30 AM, Venue: Will be notified later. Record Date: 05.12.2024. The Company has also reported EPS of Tk. (23.02), NAV per share of Tk. (37.84) and NOCFPS of Tk. (8.94) for the year ended June 30, 2024 as against Tk. (19.03), Tk. (14.82) and Tk. (9.10) respectively for the year ended June 30, 2023.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (17.11.2024) following its corporate declaration.
- Regarding revaluation of assets
The Board of Directors of the company has decided to revaluate the non-current assets of the company in order to reflect the fair value of the company's financial position more accurately. The revaluation will focus on the company's land, buildings, plant, machinery, and other related assets. This includes 524.97 decimals of land, buildings, and plant & machinery, all situated within the factory compound at Saydana, K.B Bazar, Gazipur Sadar, Gazipur-1704.
- 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 November 16, 2024 at 11:00 AM to consider, among others, audited financial statements of the Company for the year ended June 30, 2024.
- (Q3 Un-audited): EPS was Tk. (3.26) for January-March 2024 as against Tk. (2.03) for January-March 2023; EPS was Tk. (15
(Q3 Un-audited): EPS was Tk. (3.26) for January-March 2024 as against Tk. (2.03) for January-March 2023; EPS was Tk. (15.31) for July 2023-March 2024 as against Tk. (6.36) for July 2022-March 2023. NOCFPS was Tk. (12.71) for July 2023-March 2024 as against Tk. (2.83) for July 2022-March 2023. NAV per share was Tk. (30.13) as on March 31, 2024 and Tk. (14.82) as on June 30, 2023. Reasons for deviation in EPS, NOCFPS and NAVPS: (cont.1)
- (Cont. news of STANCERAM): EPS has become negative figure for the period as the overall economic condition was dull for
(Cont. news of STANCERAM): EPS has become negative figure for the period as the overall economic condition was dull for cumulative effect of COVID-19 and Russia - Ukraine War, high cost of imported raw materials due to high cost of sea transport & Dollar rate fluctuation and abnormal increase of gas price (around 155\% increased) etc. have adversely reduced sales and gross profit. Moreover, for temporary closure of our factory has badly reduced gross profit of the company also. (cont.2)
The first part of this announcement is missing from the archive. - (Cont. news of STANCERAM): As a result, productions and sales of the factory has decreased which resulted in decreased E
(Cont. news of STANCERAM): As a result, productions and sales of the factory has decreased which resulted in decreased EPS of the Company. NOCFPS has decreased as collection (advance) against sales/sales has decreased. As a result, collection of the factory was less compared to the preceding period, which resulted in decreased NOCFPS of the Company. The cumulative effect of Covid-19, Russia-Ukraine War, high cost of imported raw materials adversely reduces Sales, Gross Profit and Net profit. (cont.3)
The first part of this announcement is missing from the archive. - Q3 Financials
(Cont. news of STANCERAM): Beside this high cost of gas price (around 155% increased) and irregular supply and low pressure of electricity & Gas also constrain of production and sales. Moreover, temporary closure of factory has badly effect Gross Profit and Net Profit. As a result, company has incurred loss and consequently NAVPS has deviated. (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 May 26, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2024.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. (4.71) for October-December 2023 as against Tk. (1.33) for October-December 2022; EPS was Tk. (12.05) for July-December 2023 as against Tk. (4.33) for July-December 2022. NOCFPS was Tk. (10.51) for July-December 2023 as against Tk. (2.54) for July-December 2022. NAV per share was Tk. (26.87) as on December 31, 2023 and Tk. (14.82) as on June 30, 2023.
- Share Transmission Completion of deceased Sponsor Director
The Company has further informed that 225,450 shares of late A.K.M Jahangir Khan, who was a Sponsor Director of the company, has been transmitted to his successors as per declaration news disseminated by DSE on 05.02.2024.
- 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 30, 2024 at 02:40 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2023.
- (Q1 Un-audited): EPS was Tk. (7.34) for July-September 2023 as against Tk. (3.00) for July-September 2022; NOCFPS was Tk
(Q1 Un-audited): EPS was Tk. (7.34) for July-September 2023 as against Tk. (3.00) for July-September 2022; NOCFPS was Tk. (8.16) for July-September 2023 as against Tk. (2.22) for July-September 2022. NAV per share was Tk. (22.16) as on September 30, 2023 and Tk. (14.82) as on June 30, 2023. (cont.1)
- (Continuation news of STANCERAM): Reasons for deviation in EPS, NOCFPS and NAVPS: EPS has decreased for the period as th
(Continuation news of STANCERAM): Reasons for deviation in EPS, NOCFPS and NAVPS: EPS has decreased for the period as the overall economic condition was dull for cumulative effect of COVID-19 and Russia - Ukraine War, high cost of imported raw materials due to high cost of sea transport and Dollar rate fluctuation and abnormal increase of gas price (around 155\% increased) etc. have adversely reduced sales and gross profit. But the company had to pay full salary and all other fixed cost. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of STANCERAM): As a result, productions and sales of the factory has decreased which resulted in decr
(Continuation news of STANCERAM): As a result, productions and sales of the factory has decreased which resulted in decreased Earning per share of the Company. NOCFPS has decreased as collection (advance) against sales are decreased. As a result, collection of the factory was less compared to the preceding period, which resulted in decreased Net Operating Cash Flow per share of the Company. (cont.3)
The first part of this announcement is missing from the archive. - Q1 Financials
(Continuation news of STANCERAM): NAVPS has decreased as the cumulative effect of Covid-19, Russia - Ukraine War, high cost of imported raw materials adversely reduces Sales, Gross Profit and Net profit. Beside this high cost of gas price (around 155% increased) and irregular supply and low pressure of electricity & Gas also constrain of production and sales. As a result, company has incurred loss and consequently NAVPS has deviated. (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 February 27, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2023.
- Category Change
The Company has been placed in 'Z' category from existing 'B' category with effect from today i.e., February 18, 2024 as per provision 1(d) of BSEC Order No. SEC/CMRRCD/2009-193/74(R) dated February 15, 2024.
- Prohibition on providing loan facilities to purchase securities
The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase security of Standard Ceramic Industries Ltd. with effect from today i.e., February 18, 2024 as per BSEC Directive No. BSEC/CMRRCD/2009-193/32 dated December 26, 2021.
- The Company has informed that A.K.M Jahangir Khan who was a sponsor director of the company passed away on February 15,
The Company has informed that A.K.M Jahangir Khan who was a sponsor director of the company passed away on February 15, 2020. His total holding of 225,450 shares of the company will be transmitted according to the Succession Certificate issued by the Honorable Court. As per the succession certificate, Mrs. Badrun Nahar Khan (wife) will receive 28,181 shares, Mrs. Jahanara Ferdous Khan (daughter) will receive 39,453 shares, (cont.)
- Transmission of shares to successors & receipt of shares by Director
(Continuation news of STANCERAM): Mr. A.K.M Imran Khan (Son) will receive 78,908 shares and Mr. A.K.M Alamgir Khan (Son), who is also a Director of the company, will receive 78,908 shares. (end)
The first part of this announcement is missing from the archive. - Regarding temporary closure of the factory
The company has informed that the production in the factory is currently stopped due to the post-corona financial crisis, the current global negative situation, shortage of raw materials and closure of gas and electricity supply. Due to which the authority has decided to temporarily close the factory. The factory will stay temporarily closed from 26.01.2024 until supply of gas and electricity become normal.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.