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 2023 (22).
- The Company has informed that Mr. Md. Rabiul Haque who was a sponsor director of the company passed away on January 15,
The Company has informed that Mr. Md. Rabiul Haque who was a sponsor director of the company passed away on January 15, 2023. His total holding of 912,297 shares of the company will be transmitted according to the Court Order against succession case no. 21/2023. As per the Court Order, Mr. Mohammad Wasim Iftekharul Haque (son) will receive 456,148 shares and Mr. Asif Waqfiul Haq (son) will receive 456,149 shares of the company.
- Refer to the earlier news of the company disseminated on 26.10.2023 regarding dividend declaration, the Company has furt
Refer to the earlier news of the company disseminated on 26.10.2023 regarding dividend declaration, the Company has further informed that, due to unavoidable circumstances, the AGM of the Company will be held on December 30, 2023 at 11:00 AM on Virtual Platform instead of earlier declared date December 14, 2023. Link of AGM: https://agmbd.live/toyospin2023
- Resumption after record date
Trading of the shares of the company will resume on 21.11.2023.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 20.11.2023.
- 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 15.11.2023 to 19.11.2023 and trading of the shares will remain suspended on record date i.e., 20.11.2023.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (26.10.2023) following its corporate declaration. However, the floor price shall be applicable accordingly.
- Dividend Declaration
The Board of Directors has recommended No dividend for the year ended June 30, 2023. Date of AGM: 14.12.2023, Time: 11:00 AM, Venue: Digital Platform. Record Date: 20.11.2023. The Company has also reported EPS of Tk. (2.90), NAV per share of Tk. 18.83 and NOCFPS of Tk. (0.02) for the year ended on June 30, 2023 as against Tk. (3.02), Tk. 21.73 and Tk. (0.48) respectively for the year ended June 30, 2022.
- 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 25, 2023 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2023.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. (0.46) for January-March 2023 as against Tk. (0.57) for January-March 2022; EPS was Tk. (1.45) for July 2022-March 2023 as against Tk. (1.47) for July 2021-March 2022. NOCFPS was Tk. 0.09 for July 2022-March 2023 as against Tk. 0.04 for July 2021-March 2022. NAV per share was Tk. 20.28 as on March 31, 2023 and Tk. 23.29 as on March 31, 2022.
- 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 18, 2023 at 2:10 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2023.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (0.49) for July-September 2022 as against Tk. (0.46) for July-September 2021. NOCFPS was Tk. (0.01) for July-September 2022 as against Tk. (0.44) for July-September 2021. NAV per share was Tk. 21.24 as on September 30, 2022 and Tk. 24.30 as on September 30, 2021.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. (0.48) for October-December 2022 as against Tk. (0.44) for October-December 2021; EPS was Tk. (0.99) for July-December 2022 as against Tk. (0.89) for July-December 2021. NOCFPS was Tk. 0.04 for July-December 2022 as against Tk. (0.45) for July-December 2021. NAV per share was Tk. 20.75 as on December 31, 2022 and Tk. 23.86 as on December 31, 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 February 12, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2022 and Second Quarter (Q2) period ended December 31, 2022.
- The auditor of the Tallu Spinning Mills Limited has given the \"Material Uncertainty Related to Going Concern\" and \"Em
The auditor of the Tallu Spinning Mills Limited has given the \"Material Uncertainty Related to Going Concern\" and \"Emphasis of Matter\" paragraphs in the Auditor\'s Report for the year ended June 30, 2022. 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 the year. Reported net loss of (cont.1)
- (Continuation news of TALLUSPIN): the company for the year 2020, 2021 and 2022 are almost Tk. 300.85 mn, 286.78 mn and 2
(Continuation news of TALLUSPIN): the company for the year 2020, 2021 and 2022 are almost Tk. 300.85 mn, 286.78 mn and 269.66 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. 158.14 mn in conjunction with operating loss of Tk. (80.04) mn reported in the Statement of Profit or Loss and Other Comprehensive (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of TALLUSPIN): Income for the year ended 30th June, 2022, which shows that the interest cover ratio o
(Continuation news of TALLUSPIN): Income for the year ended 30th June, 2022, 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. (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of TALLUSPIN): These events or conditions indicate that, a material uncertainty exists that may cast
(Continuation news of TALLUSPIN): 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. Emphasis of Matter: 1. 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. (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of TALLUSPIN): We emphasize on the issue because it describes events that is not in total control of
(Continuation news of TALLUSPIN): 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. 2. We refer to note no. 3.2 regarding impairment. The management has stated that assets are reviewed at each balance sheet date to determine (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of TALLUSPIN): whether there is any indication of impairment loss. No such fixed Assets has been impa
(Continuation news of TALLUSPIN): whether there is any indication of impairment loss. No such fixed Assets has been impaired during the year. In our judgement Property, Plant and Equipment of the company have impaired substantially, if impairment impact was given, net loss would have been increased to that extent. 3. We also note that there is huge overstatement in valuation of Raw Materials, (cont.6)
The first part of this announcement is missing from the archive. - (Continuation news of TALLUSPIN): net loss would have been increased to that extent. We have sent letters to customers f
(Continuation news of TALLUSPIN): net loss would have been increased to that extent. We have sent letters to customers for confirmation of the balance outstanding with them as of 30th June, 2022. But no reply was received up to date of signing of the report. 5. Advance and prepayments that are presented under note number 26. In our judgement maximum amount is not adjustable / collectable. (cont.8)
The first part of this announcement is missing from the archive. - (Continuation news of TALLUSPIN): If the impact of adjustable / Collectable amount was given in statement of profit or l
(Continuation news of TALLUSPIN): If the impact of adjustable / Collectable amount was given in statement of profit or loss, net loss would have been increased to that extent. (end)
The first part of this announcement is missing from the archive. - Material Uncertainty Related to Going Concern and Emphasis of Matter
(Continuation news of TALLUSPIN): it would have been required to write the inventories down to their net realizable value or cost whichever is lower. If the impact of write down value was given, the net loss would have been increased to that extent. 4. We refer to note number 25 Accounts Receivable. In our judgement, maximum amount of the Accounts Receivable is uncollectable. If impact of this amount was given in the accounts, (cont.7)
The first part of this announcement is missing from the archive.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.