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 2021 (23).
- CC loan from Agrani Bank Limited
The Company has informed that Agrani Bank Limited Ramna Corporate Branch sanctioned a CC loan to Stylecraft Limited for Tk. 25 (Twenty-five) crore as working capital. The bank will disburse this fund as per Company's requirement time to time. The tenure of this loan is one year from the date of partial disbursement.
- Resumption after record date
Trading of the shares of the Company will resume on 25.11.2021 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 24.11.2021.
- 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 from 22.11.2021 to 23.11.2021. Trading of the shares of the Company will remain suspended on record date i.e., 24.11.2021.
- The auditor of the Stylecraft Limited has given the \"Qualified Opinion\" paragraphs in the Auditor\'s Report for the ye
The auditor of the Stylecraft Limited has given the \"Qualified Opinion\" paragraphs in the Auditor\'s Report for the year ended on 30 June, 2021. \"Basis for Qualified Opinion: a) Due to the following matters, there is a material uncertainty exists that may cast doubt on the company\'s ability to continue as a going concern. i. The company\'s current liabilities exceeded its current assets by BDT 138,942,259. ii. The factory is closed since 19 July 2021 and less possibility to run smoothly (cont.1)
- (Continuation news of STYLECRAFT): if the company failed to pay arrear salary and wages to its staff and workers. iii. R
(Continuation news of STYLECRAFT): if the company failed to pay arrear salary and wages to its staff and workers. iii. Revenue decreased significantly (39.13\%) than the prior year. iv. Negative net operating cash flows per share since the previous year. v. The increased amount of bank loan and failed to pay the overdue amounts. b) The company has not performed an impairment test of its property, plant & equipment at the end of the year as required by IAS 36-lmpairment of Assets. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of STYLECRAFT): An entity is required to assess whether there is any indication that an asset may be
(Continuation news of STYLECRAFT): An entity is required to assess whether there is any indication that an asset may be impaired at the end of each reporting period to ensure that an entity\'s assets are not carried at more than their recoverable amount. c) During the course of our audit we could not verify property, plant & equipment physically due to closedown of the factory. d) In note no. 2.16 of notes to the financial statements, It is stated that inventories are measured at cost price which is (cont.3
The first part of this announcement is missing from the archive. - (Continuation news of STYLECRAFT): non-compliance with IAS-2 Inventories. As per para 9 of IAS 2, inventories shall be m
(Continuation news of STYLECRAFT): non-compliance with IAS-2 Inventories. As per para 9 of IAS 2, inventories shall be measured at the lower of cost and net realizable value. e) As per the notification of BSEC ref no. BSEC/SRMIC/2021-198/254 dated 19th October 2021, The company does not show detailed information with regard to unpaid dividends such as shareholder name, BO account, folio no. etc in financial statements. (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of STYLECRAFT): f) The organization did not transfer unpaid dividends to the Capital Marker Stabiliza
(Continuation news of STYLECRAFT): f) The organization did not transfer unpaid dividends to the Capital Marker Stabilization Fund as required by the BSEC (Capital Marker Stabilization Fund) Rules 2021. Stylecraft Limited has applied to BSEC with regard to time extension as mentioned in note no. 2.33 of the financial statements.\" (end)
The first part of this announcement is missing from the archive. - Q1 Financials
(Q1 Un-audited): EPS was Tk. (2.05) for July-September, 2021 as against Tk. (0.18) for July-September, 2020. NOCFPS was Tk. 1.40 for July-September, 2021 as against Tk. 2.33 for July-September, 2020. NAV per share was Tk. 20.14 as on September 30, 2021 and Tk. 22.18 as on June 30, 2021.
- Dividend Declaration
The Board of Directors has recommended No dividend for the year ended on June 30, 2021. Date of AGM: 21.12.2021, Time: 12:00 PM, Venue: Digital Platform, Record Date: 24.11.2021. The Company has reported EPS of Tk. (0.93), NAV per share of Tk. 22.18 and NOCFPS of Tk. (11.71) for the year ended on June 30, 2021 as against Tk. 0.48, Tk. 24.51 and Tk. (7.66) 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 (28.10.2021) following its corporate declaration.
- 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, 2021 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2021.
- 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 and increase in volume of shares.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.52 for January-March 2021 as against Tk. 0.69 for January-March 2020; EPS was Tk. (0.56) for July 2020-March 2021 as against Tk. 1.14 for July 2019-March 2020. NOCFPS was Tk. (4.51) for July 2020-March 2021 as against Tk. 1.19 for July 2019-March 2020. NAV per share was Tk. 23.95 as on March 31, 2021 and Tk. 24.51 as on March 31, 2020.
- 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 19 2021 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, 2021.
- Dr. Almas Begum, one of the Sponsor Directors of the company, has further reported that he has completed his sell of 2,8
Dr. Almas Begum, one of the Sponsor Directors of the company, has further reported that he has completed his sell of 2,89,707 shares of the Company at prevailing market price through Stock Exchange (DSE) as per declaration disseminated on February 16, 2021.
- 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 1,50,000 shares to his Spouse Ms. Nassarrat Rahman Lopa, by way of gift outside the trading system of the Exchange (DSE) as per declaration disseminated on 02.03.2021.
- Declaration of share transfer by a Director
Mr. Sharif Almas Rahman, one of the Directors of the Company has expressed his intention to transfer 1,50,000 shares out of his total holding of 11,03,742 shares to his Spouse Ms. Nassarrat Rahman Lopa, by way of gift outside the trading system of the Exchange within 30 working days from the date of issuance of approval letter by DSE.
- Sale Declaration of a Sponsor Director
Dr. Almas Begum, one of the Sponsor Directors of Stylecraft Limited, has expressed her intention to sell 2,89,707 shares out of her total holding of 6,85,106 shares of the Company at prevailing market price (In the Block market) through Stock Exchange (DSE) within next 30 working days.
- Declaration of share transfer by a Sponsor
Mr. Naveed Hashmet one of the Sponsors of Stylecraft Limited, has expressed his intention to transfer 50,000 shares out of his total holding of 9,01,935 shares of the Company to his wife Mrs. Nadera Parveen (General Shareholder), 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 Un-audited): EPS was Tk. (0.89) for October-December 2020 as against Tk. 0.16 for October-December 2019; EPS was Tk.
(Q2 Un-audited): EPS was Tk. (0.89) for October-December 2020 as against Tk. 0.16 for October-December 2019; EPS was Tk. (1.08) for July-December 2020 as against Tk. 0.45 for July-December 2019. NOCFPS was Tk. (7.68) for July-December 2020 as against Tk. (10.22) for July-December 2019. NAV per share was Tk. 23.43 as on December 31, 2020 and Tk. 24.51 as on June 30, 2020.
- 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, 2021 at 2:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2020.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.