Toyo Spinning Mills Limited announcements
283 Dhaka Stock Exchange announcements for Toyo Spinning Mills Limited (TALLUSPIN) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (41).
- Resumption after record date
Trading of the shares of the Company will resume on 29.11.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 28.11.2022.
- 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 23.11.2022 to 27.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 28.11.2022.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (08.11.2022) following its corporate declaration. However, as per the BSEC Order No. BSEC/CMRRCD/2001-07/39 dated July 28, 2022, the floor price shall be applicable accordingly.
- Dividend Declaration
The Board of Directors has recommended No dividend for the year ended June 30, 2022. Date of AGM: 20.12.2022, Time: 01:00 PM, Venue: Digital Platform. Record Date: 28.11.2022. The Company has also reported EPS of Tk. (3.02), NAV per share of Tk. 21.73 and NOCFPS of Tk. 0.04 for the year ended June 30, 2022 as against Tk. (3.21), Tk. 24.75 and Tk. 0.70 respectively for the same period of the previous year.
- 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 07, 2022 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. (0.57) for January-March 2022 and Tk. (1.47) for July 2021-March 2022; NOCFPS was Tk. 0.04 for July 2021-March 2022. NAV per share was Tk. 23.29 as on March 31, 2022 and Tk. 24.75 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 June 29, 2022 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2022.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. (0.43) for October-December, 2021 and Tk. 0.89 for July-December, 2021. NOCFPS was Tk. 0.01 for July-December, 2021. NAV per share was Tk. 23.86 as on December 31, 2021 and Tk. 24.75 as on June 30, 2021.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (0.46) for July-September 2021. NOCFPS was Tk. 0.04 for July-September 2021. NAV per share was Tk. 24.30 as on September 30, 2021 and Tk. 24.75 as on June 30, 2021.
- Revised EPS for July-December, 2021
(Q2 Un-audited): Refer to their earlier news disseminated by DSE on 14.06.2022 regarding Q2 Financials, the Company has further informed that EPS for the period from July-December, 2021 would be Tk. (0.89) instead of Tk. 0.89. Other information of the earlier disclosure will remain unchanged.
- 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 June 13, 2022 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.
- (Continuation news of TALLUSPIN): Tk. 100.3 mn, Tk.100.6 mn and 243.05 respectively. This financial performance may resu
(Continuation news of TALLUSPIN): Tk. 100.3 mn, Tk.100.6 mn and 243.05 respectively. This financial performance may result in inability of the company to pay its debt when they fall due. We also draw attention to note no: 34 financial expenses Tk. 163.10 mn in conjunction with operating loss of reported Tk. (77.18) mn in the Statement of Profit or Loss and Other Comprehensive Income for the year ended 30th June, 2019, which shows that the interest cover ratio of the company is negative. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of TALLUSPIN): Any business difficulties belong to current customer will directly affect the business
(Continuation news of TALLUSPIN): Any business difficulties belong to current customer will directly affect the business of the company. Termination of sales agreement with this customer will damage the revenue stream of the company in significant level. These events or conditions indicate that, a material uncertainty exists that may cast significant doubt on the Company\'s ability to continue as a going concern. Our opinion is not modified in respect of this matter. (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of TALLUSPIN): Emphasis of Matter: We draw attention to note no: 2.8 regarding the difficulties arisi
(Continuation news of TALLUSPIN): Emphasis of Matter: We draw attention to note no: 2.8 regarding the difficulties arising from legal proceedings by Bank and Non Bank Financial Institution (NBFI) against the company. We emphasize on the issue because it describes events that is not in total control of the company. In each individual case, the actual outcome may differ with the expectation of the company. This is not a modification of our opinion either. (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of TALLUSPIN): Note No. 12.00 Accumulated Deficit: Closing Balance of Accumulated Deficit was BDT (41
(Continuation news of TALLUSPIN): Note No. 12.00 Accumulated Deficit: Closing Balance of Accumulated Deficit was BDT (417,934,695.00) and was BDT (174,875,142.00) as at 30 June 2019 and as at 30 June 2018 respectively. Note No. 2.8 Going Concern: The company has adequate resources to continue in operation for the foreseeable future. For this reason the Directors continue to adopt Going Concern Basis in preparing the accounts. (cont.6)
The first part of this announcement is missing from the archive. - (Continuation news of TALLUSPIN): However, the liquidity ratios (Current ratio 2.61:1, Acid test ratio 1.38:1) are still
(Continuation news of TALLUSPIN): However, the liquidity ratios (Current ratio 2.61:1, Acid test ratio 1.38:1) are still considered good to settle the current liability of the business when they fall due under normal course of business. Currently the company is doing business with one customer in large quantity but to avoid the risk factor the company is ready to sign new agreements with 04 (four) new customers in forthcoming year [ref note:3.29 d(ii)]. (cont.8)
The first part of this announcement is missing from the archive. - (Continuation news of TALLUSPIN): Tk.300.85 mn respectively. This financial performance may result in inability of the c
(Continuation news of TALLUSPIN): Tk.300.85 mn respectively. This financial performance may result in inability of the company to pay its debt when they fall due. We also draw attention to note no: 34 financial expenses Tk. 166.99 mn in conjunction with operating loss of Tk. (132.59) mn reported in the Statement of Profit or Loss and Other Comprehensive Income for the year ended 30th June, 2020, which shows that the interest cover ratio of the company is negative. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of TALLUSPIN): The company is not able to pay the finance cost which may cause end of the loan facili
(Continuation news of TALLUSPIN): The company is not able to pay the finance cost which may cause end of the loan facility from the lenders. If bank and financial institution refuse to reschedule loan, the company will suffer from unavailability of working capital and shortage fund to facilitate capital expenditure. These events or conditions indicate that, a material uncertainty exists that may cast significant doubt on the Company\'s ability to continue as a going concern. (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of TALLUSPIN): Our opinion is not modified in respect of this matter. Emphasis of Matter: We draw att
(Continuation news of TALLUSPIN): Our opinion is not modified in respect of this matter. Emphasis of Matter: We draw attention to note no: 2.8 regarding the difficulties arising from legal proceedings by Bank and Non Bank Financial Institution (NBFI) against the company. We emphasize on the issue because it describes events that is not in total control of the company. In each individual case, the actual outcome may differ with the expectation of the company. (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of TALLUSPIN): This is not a modification of our opinion either. Note No. 12.00 Accumulated Deficit:
(Continuation news of TALLUSPIN): This is not a modification of our opinion either. Note No. 12.00 Accumulated Deficit: Closing Balance of Accumulated Deficit was BDT (718,792,087.00) and was BDT (417,934,695.00) as at 30 June 2020 and as at 30 June 2019 respectively. Note No. 2.8 Going Concern: The company has adequate resources to continue in operation for the foreseeable future. For this reason the Directors continue to adopt Going Concern Basis in preparing the accounts. (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of TALLUSPIN): Although, the company is suffering from consecutive net loss, the management has taken
(Continuation news of TALLUSPIN): Although, the company is suffering from consecutive net loss, the management has taken adequate plans to overcome the situation. These plans include ensuring the maximum use of production capacity which was hampered in this period for the reason explained in note no:3.30 Significant deviation in EPS. Due to decreasing sales volume, the company is struggling to manage to pay their financial expenses with available operating profit. (cont.6)
The first part of this announcement is missing from the archive. - (Continuation news of TALLUSPIN): However, the liquidity ratios (Current ratio 2.75:1, Acid test ratio 1.52:1) are still
(Continuation news of TALLUSPIN): However, the liquidity ratios (Current ratio 2.75:1, Acid test ratio 1.52:1) are still considered good to settle the current liability of the business when they fall due under normal course of business. Currently the company is doing business with one customer in large quantity but to avoid the risk factor the company is ready to sign new agreements with 04 (four) new customers in forthcoming year. (cont.7)
The first part of this announcement is missing from the archive. - (Continuation news of TALLUSPIN): The company is facing some difficulties with short and long term bank loan. The manage
(Continuation news of TALLUSPIN): The company is facing some difficulties with short and long term bank loan. The management has taken necessary steps to reschedule the loans to ensure working capital availability of the company. (end)
The first part of this announcement is missing from the archive. - The auditor of the Tallu Spinning Mills Ltd. has given the \"Material Uncertainty Related to Going Concern\" & \"Emphasi
The auditor of the Tallu Spinning Mills Ltd. has given the \"Material Uncertainty Related to Going Concern\" & \"Emphasis of Matter\" paragraphs in the Auditor\'s Report for the year ended 30 June, 2021. Material Uncertainty Related to Going Concern: We draw attention to note no: 12 in the financial statements which indicates that the company has incurred net loss for three consecutive years. Reported net loss of the company for the year 2019, 2020 & 2021(cont.1)
- (Continuation news of TALLUSPIN): are almost Tk. 243.05 mn, Tk.300.85 mn and Tk. 286.78 mn respectively. This financial
(Continuation news of TALLUSPIN): are almost Tk. 243.05 mn, Tk.300.85 mn and Tk. 286.78 mn respectively. This financial performance may result in inability of the company to pay its debt when they fall due. We also draw attention to note no: 34 financial expenses Tk. 152.46 mn in conjunction with operating loss of Tk. (107.50) mn reported in the Statement of Profit or Loss and Other Comprehensive Income for the year ended 30th June, 2021, (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of TALLUSPIN): which shows that the interest cover ratio of the company is negative. The company is n
(Continuation news of TALLUSPIN): which shows that the interest cover ratio of the company is negative. The company is not able to pay the finance cost which may cause end of the loan facility from the lenders. If bank and financial institution refuse to reschedule loan, the company will suffer from unavailability of working capital and shortage fund to facilitate capital expenditure. These events or conditions indicate that, a material uncertainty exists that may cast significant doubt (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of TALLUSPIN): on the Company\'s ability to continue as a going concern. Our opinion is not modified
(Continuation news of TALLUSPIN): on the Company\'s ability to continue as a going concern. Our opinion is not modified in respect of this matter. Emphasis of Matter: We draw attention to note no: 2.8 regarding the difficulties arising from legal proceedings by Bank and Non Bank Financial Institution (NBFI) against the company. We emphasize on the issue because it describes events that is not in total control of the company. In each individual case, (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of TALLUSPIN): the actual outcome may differ with the expectation of the company. This is not a modif
(Continuation news of TALLUSPIN): the actual outcome may differ with the expectation of the company. This is not a modification of our opinion either. Note No. 12.00 Accumulated Deficit: Closing Balance of Accumulated Deficit was BDT (1,005,579,780.00) and was BDT (718,792,086.00) as at 30 June 2021 and as at 30 June 2020 respectively. Note No. 2.8 Going Concern: The company has adequate resources to continue in operation for the foreseeable future. (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of TALLUSPIN): For this reason the Directors continue to adopt Going Concern Basis in preparing the a
(Continuation news of TALLUSPIN): For this reason the Directors continue to adopt Going Concern Basis in preparing the accounts. Although, the company is suffering from consecutive net loss, the management has taken adequate plans to overcome the situation. These plans include ensuring the maximum use of production capacity which has increased in this reporting period and increase sale through finding new customers. Although still negative, EPS has been improved compared to last year. (cont.6)
The first part of this announcement is missing from the archive. - (Continuation news of TALLUSPIN): Increasing sales volume is helping the company to manage to pay financial expenses wit
(Continuation news of TALLUSPIN): Increasing sales volume is helping the company to manage to pay financial expenses with available operating profit. Net Operating Cash Flow Per Share stood at Tk. 0.70 in 2021 which was Tk. 0.10 in 2020. However, the liquidity ratios (Current ratio 1.55:1, Acid test ratio 0.83:1) are not considered good to settle the current liability of the business when they fall due under normal course of business. (cont.7)
The first part of this announcement is missing from the archive. - Material Uncertainty Related to Going Concern & Emphasis of Matter
(Continuation news of TALLUSPIN): Currently the company is doing business with 05 (five) customer in but to avoid the risk factor the company planning to sign new agreements with new customers in forthcoming year. The company is facing some difficulties with short and long term bank loan. The management has taken necessary steps to reschedule the loans to ensure working capital availability of the company. (end)
The first part of this announcement is missing from the archive. - Resumption after record date
Trading of the shares of the Company will resume on 14.02.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 13.02.2022.
- 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 08.02.2022 to 10.02.2022. Trading of the shares of the Company will remain suspended on record date i.e., 13.02.2022.
- The Board of Directors has recommended No dividend for the year ended on June 30, 2019, 2020 and 2021. Date of AGMs: 28.
The Board of Directors has recommended No dividend for the year ended on June 30, 2019, 2020 and 2021. Date of AGMs: 28.02.2022, Time: 10:00 AM, 11:30 AM and 1:00 PM, respectively, Venue: Digital Platform. Record Date: 13.02.2022 for the year of 2019, 2020 and 2021. (cont. 1)
- (Continuation news of TALLUSPIN): The Company has also reported EPS of Tk. (3.21), NAV per share of Tk. 24.75 and NOCFPS
(Continuation news of TALLUSPIN): The Company has also reported EPS of Tk. (3.21), NAV per share of Tk. 24.75 and NOCFPS of Tk. 0.70 for the year ended on June 30, 2021 as against Tk. (3.37), Tk. 5.88 and Tk. 0.10 respectively for the year ended on June 30, 2020. (cont. 2)
The first part of this announcement is missing from the archive. - Dividend Declaration for 2019, 2020 & 2021
(Continuation news of TALLUSPIN): The Company has also reported EPS of Tk. (2.72), NAV per share of Tk. 9.25 and NOCFPS of Tk. (0.46) for the year ended on June 30, 2019 as against Tk. (1.13), Tk. 11.97 and Tk. (0.94) respectively for the year ended on June 30, 2018. (end)
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 (20.01.2022) 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 January 19, 2022 at 3:30 PM, 4:30 PM and 5:30 PM respectively to consider, among others, audited financial statements of the Company for the year ended on June 30, 2019, 2020 and 2021.
- Permission to hold AGMs
The Company has informed that they received an order (Company Matter No. 200 of 2021) from the honorable High Court division of Supreme Court of Bangladesh to call, conduct and hold the Annual General Meetings of the Company for the calendar year 2019 and subsequent AGMs.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.