Stylecraft Limited announcements
270 Dhaka Stock Exchange announcements for Stylecraft Limited (STYLECRAFT) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2018 (33).
- Credit Rating Result
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the surveillance Entity Rating of the Company as "BBB1" along with Stable outlook based on audited financial statements up to June 30, 2018; bank liability position as on June 30, 2018 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Confirmation of share transfer by a Director
Mr. Sharif Almas Rahman, one of the Directors of the Company, has further reported that he has completed his transfer of 20,000 shares of the Company to his wife Mrs. Nassarrat Rahman Lopa, by way of gift outside the trading system of the Exchange as per declaration disseminated on 06.12.2018.
- Declaration of share transfer by a Director
Mr. Sharif Almas Rahman, one of the Directors of the Company, has expressed his intention to transfer 20,000 shares out of his total holding of 1,08,110 shares of the Company to his wife Mrs. Nassarrat Rahman Lopa, by way of gift, outside the trading system of the Exchange within next 30 working days from the date of issuance of approval letter by DSE.
- Enquiry Committee Formation for investigation as per BSEC Order
BSECNEWS: BSEC vide its Order No. BSEC/Surveillance/2018-912/49 dated November 20, 2018 has formed an enquiry committee to investigate into recent unusual movement of price and volume of shares of Stylecraft Ltd. in the Stock Exchanges.
- Query Response
In response to a DSE query dated November 19, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 9.48 for July-September, 2018 as against Tk. 5.68 for July-September, 2017; NOCFPS was Tk. 29.71 for July-September, 2018 as against Tk. 28.33 for July-September, 2017. NAV per share was Tk. 327.41 as on September 30, 2018 and Tk. 287.93 as on September 30, 2017.
- 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 14, 2018 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2018.
- Resumption after Record Date
Trading of the shares of the Company will resume on 05.11.2018 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 04.11.2018.
- Spot News
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 with cum benefit from 31.10.2018 to 01.11.2018. Trading of the shares of the Company will remain suspended on record date i.e., 04.11.2018.
- Restated financials for the year ended on June 30, 2017
Referring to their earlier news disseminated on 10.10.2018 regarding Dividend Declaration, the company has further informed that they earlier mistakenly reported EPS, NAV per Share and NOCFPS as Tk. Tk. 52.47, Tk. 508.04 and Tk. 89.44 respectively for the year ended on June 30, 2017. However, they restated those figures for that period as follows: EPS: Tk. 29.15, NAV per Share: Tk. 282.25 and NOCFPS: Tk. 49.69. Other information of the earlier disclosure will remain unchanged.
- Dividend Declaration
The Board of Directors has recommended 410% stock dividend for the year ended on June 30, 2018. Date of AGM: 17.12.2018. Time: 3:00 PM, Venue: Spectra Convention Hall, Gulshan-1, Dhaka. Record Date: 04.11.2018. The Company has also reported EPS of Tk. 36.16, NAV per share of Tk. 317.93 and NOCFPS of Tk. 36.30 for the year ended on June 30, 2018 as against Tk. 52.47, Tk. 508.04 and Tk. 89.44 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 (10.10.2018) following its corporate declaration.
- Query Response
In response to a DSE query dated October 01, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- 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 09, 2018 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2018.
- Query Response
In response to a DSE query dated September 16, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Placing the shares in compulsory Spot Market as per BSEC Order
BSEC vide its Order No. BSEC/Surveillance/2018-912/32 dated August 16, 2018 has directed the Dhaka Stock Exchange Limited to place the shares of Stylecraft Limited in compulsory Spot Market for trading with relevant clearing and settlement regulations applicable for the trades in the Spot market as BSEC has observed unusual transactions and movement of price in this share. This Order shall be effective from the trading day of 19th August, 2018.
- Query Response
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.
- Decision to Gradually increase the Authorized Capital
Referring to their earlier news disseminated on 11.10.2017 regrading holding of EGM to increase the Authorized Capital from Tk. 1.00 crore to Tk. 100.00 crore; the Company has further informed that in their EGM held on 04.12.2017 the Board of Directors had decided to increase their Authorized Capital upto Tk. 100.00 crore. Based on that decision taken in the EGM, the Board intends to increase their Authorized Capital to Tk. 50.00 crore now and gradually they will increase the remaining amount soon.
- Query Response (Repeat News)
(Repeat News): In response to a DSE query dated July 17, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Query Response
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 of shares.
- Query Response
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.
- Confirmation of share transfer by a Sponsor Director
Mr. Omar Golam Rabbany, one of the Sponsors Directors of the Company, has further reported that he has completed his transfer of total 30,000 shares of the Company to his wife Mrs. Tahmina Rabbany (15,000 shares) and his daughter Mrs. Maheen Rabbany Huq (15,000 shares) by way of gift, outside the trading system of the Exchange as announced earlier.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 12.18 for January-March 2018 as against Tk. 6.67 for January-March 2017; EPS was Tk. 24.55 for July 2017-March 2018 as against Tk. 21.63 for July 2016-March 2017. NOCFPS was Tk. 36.64 for July 2017-March 2018 as against Tk. 57.29 for July 2016-March 2017. (cont.) (Continuation news of STYLECRAFT): NAV per share was Tk. 306.24 as on March 31, 2018 and Tk. 274.65 as on March 31, 2017. The said Company also reported that the EPS of the 3rd quarter has increased, refers to the upward change in export volume than the previous quarter and decrease of NOCFPS are due to non-realization of some export proceeds within this quarter. (end)
- Enquiry Committee formation by BSEC
BSEC NEWS: Bangladesh Securities and Exchange Commission (BSEC) has formed an enquiry committee to investigate into recent unusual movement in price and volume of shares of Stylecraft Limited in the Stock Exchanges (Ref: BSEC Order No. BSEC/Surveillance/2017-0895/18 dated April 23, 2018).
- 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, 2018 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2018.
- Declaration of share transfer by a Sponsor Director
Mr. Omar Golam Rabbany, one of the Sponsors Directors of the Company, has expressed his intention to transfer total 30,000 shares out of his total holding of 70,740 shares of the Company to his wife Mrs. Tahmina Rabbany (15,000 shares) and to his daughter Mrs. Maheen Rabbany Huq (15,000 shares), by way of gift, outside the trading system of the Exchange within April 30, 2018.
- Response to a DSE query and disclosure of a PSI
In response to a DSE query regarding unusual price hike of shares dated March 25, 2018, the Company has informed that there was no price sensitive information at the stipulated period i.e. March 25, 2018 (response sent by the Company on March 28, 2018 at 4:53 pm). However, the company has also informed that they have conducted a board meeting on March 28, 2018 where the following resolutions were adopted: "The Board is pleased to inform that Stylecraft Limited has completed its retrofitting works (cont.) (Continuation news of STYLECRAFT): of existing building which was recommended by the ACCORD. Further, the Board has decided to add machinery for further 6 lines to increase production capacity by 23% (approx.) to fulfill the existing buyers' demand. Thus, the board decided to apply for a term loan of Tk. 5.20 crore with 5 years tenure to open L/C for importing brand new capital machineries to the Pubali Bank Limited, Foreign Exchange Branch, 24, Motijheel C/A, Dhaka-1000." (end)
- Confirmation of share transfer by a Director
Mr. Sharif Almas Rahman, one of the Directors of the Company, has further reported that he has completed transfer of 20,000 shares of the Company to his wife Mrs. Nassarrat Rahman Lopa, by way of gift, outside the trading system of the Exchange as announced earlier.
- Declaration of share transfer by a Director
Mr. Sharif Almas Rahman, one of the Directors of the Company, has expressed his intention to transfer 20,000 shares out of his total holding of 1,28,110 shares of the Company to his wife Mrs. Nassarrat Rahman Lopa, by way of gift, outside the trading system of the Exchange within next 30 working days from the date of issuance of approval letter by DSE.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 6.43 for October-December, 2017 as against Tk. 5.75 for October-December, 2016; EPS was Tk. 12.37 for July-December, 2017 as against Tk. 14.96 for July-December, 2016. NOCFPS was Tk. 26.43 for July-December, 2017 as against Tk. 30.71 for July-December, 2016. NAV per share was Tk. 294.06 as on December 31, 2017 and Tk. 272.15 as on December 31, 2016.
- 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, 2018 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2017.
- Dividend Disbursement
The Company has informed that it has credited the Bonus shares for the year ended on June 30, 2017 to the respective shareholders' BO Accounts on December 28, 2017. The payment of cash dividend has been disbursed to the shareholders' Bank Accounts through BEFTN.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.