Titas Gas Transmission and Distribution PLC announcements
332 Dhaka Stock Exchange announcements for Titas Gas Transmission and Distribution PLC (TITASGAS) since 2008: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2025 (22).
- Qualified Opinion, Emphasis of Matters and Other Matters
The auditor of the company has given the "Qualified Opinion", "Emphasis of Matters" and "Other Matters" paragraph in the Auditor's Report of the company for the year ended June 30, 2025. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2025/TITASGAS_2025.pdf
- Resumption after Record Date
Trading of the shares of the company will resume on 18.11.2025.
- Suspension for Record Date
Trading of the shares of the company will remain suspended on record date i.e., 17.11.2025.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (2.52) for July-September 2025 as against Tk. (1.91) for July-September 2024; NOCFPS was Tk. (0.58) for July-September 2025 as against Tk. 6.94 for July-September 2024. NAV per share was Tk. 87.61 as on September 30, 2025 and Tk. 90.13 as on June 30, 2025.
- Spot for AGM and EGM
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 with cum benefit from 13.11.2025 to 16.11.2025 and trading of the shares will remain suspended on record date i.e., 17.11.2025 for AGM and EGM.
- 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 12, 2025 at 6:00 PM to consider, among others, Un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2025.
- Dividend Declaration
The Board of Directors has recommended 2% Cash Dividend for the year ended June 30, 2025. Date of AGM: 24.12.2025, Time: 11:30 AM, Venue: Digital Platform (details will be circulated for all concerned through public notice, email, SMS and at the Company's Website). Record Date: 17.11.2025. (cont.) (cont. news of TITASGAS): The Company has also reported EPS of Tk. (7.80), NAV per share of Tk. 90.13 and NOCFPS of Tk. 18.17 for the year ended June 30, 2025 as against EPS of Tk. (7.52), NAV per share of Tk. 98.15 and NOCFPS of Tk. 5.63 for the year ended June 30, 2024. (end)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (28.10.2025) following its corporate declaration.
- EGM and Preference Share Announcement
The Board of Directors of the Company has taken the following decisions in its Board Meeting held on Monday, 27 October 2025 at 06:00 P.M.: Date & Time of EGM: Wednesday, 24 December 2025 at 10:30 A.M. Record Date: 17 November 2025. EGM Place: EGM will be held virtually by using Digital Platform (Hybrid System) as per BSEC's Directive. (cont.) (cont. news of TITASGAS): Preference Share: That the consent to the issue of 28,27,47,469 no's of Irredeemable Non-Cumulative Preference Share in favor of Ministry of Finance (Finance Division) at a face value of Taka 10.00 (ten) each against the amount of share money deposit Taka 282,74,74,690.00 (two hundred eighty two crore seventy four lac seventy four thousand six hundred ninety) is hereby accorded subject to approval of the Board of Directors of the Company. (end)
- Board Meeting to consider issuance of Preference Shares
The company has informed that the Board of Directors meeting of the Company will be held on 27 October 2025 at 6:00 P.M. regarding the consideration of the deposit for share money of Tk. 2,827,474,695.00 up to June 2023. Issuance of Irredeemable Non-Cumulative Preference Share in favor of the Government (Finance Division) of which face value and Issue Price is Tk. 10.00 each and number of shares 282,747,469.
- 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, 2025 at 6:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2025.
- Regarding issuance of Non-Cumulative Preference Share
The company has informed that the Board of Directors of the Company has taken the following decisions: Preference Share: Company will convert its share money deposit amount of Taka 282,74,74,695.00 to number of Non-Cumulative Preference Shares 28,27,47,469.00 in favor of the Government (Finance Division, Ministry of Finance) of which Face Value and Issue Price both is Taka 10.00 each.
- Appointment of Company Secretary (Additional Charge)
The company has informed that Mr. Md. Lutful Hyder Masum has been appointed as the new Company Secretary (Additional Charge) of the company.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. (2.39) for January-March 2025 as against Tk. (2.14) for January-March 2024; EPS was Tk. (9.58) for July 2024-March 2025 as against Tk. (1.67) for July 2023-March 2024. NOCFPS was Tk. 14.02 for July 2024-March 2025 as against Tk. 3.31 for July 2023-March 2024. NAV per share was Tk. 88.07 as on March 31, 2025 and Tk. 98.15 as on June 30, 2024. (cont.1) (Cont. news of TITASGAS): Consequently, the company has recognized the entire amount of tax deducted at source as a current tax expense, resulting in a net loss of Tk. 947.50 crore. Considering these leading to a significant decrease in the company's earnings per share (EPS). The significant change in NOCFPS is mainly due to lower payments for gas purchases compared to collections from gas sales, relative to the previous period. (end) (Cont. news of TITASGAS): As a transmission and distribution company, Titas Gas utilized this provision and claimed a refund for excess tax deducted at source over its actual tax liability. However, the Finance Act 2024, Section 54 abolished Section 163(3)(Ka). As a result, tax deducted at source will now be treated as the minimum tax if the actual tax liability is lower than the tax deducted at source. (cont.3) (Cont. news of TITASGAS): Reasons for deviation: During July-24 to March-25, the company reported a system loss of 10.13%, of which allowable system loss is 2%. That's why the company had to bear a huge amount of purchase liability without getting any revenue. On the other hand, According to Tax Law 2023, Section 163(3)(Ka), the minimum tax was not applied to "any company related to gas transmission or distribution." (cont.2)
- 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 29, 2025 at 6:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2025.
- Name Change of the Company
Dhaka Stock Exchange PLC. (DSE) has approved the proposed name change of the Company. Accordingly, the name of the Company will be 'Titas Gas Transmission and Distribution PLC' instead of 'Titas Gas Transmission and Distribution Company Ltd.' with effect from today i.e., April 13, 2025. Other information (except name) will remain unchanged.
- Postponement of Notice for Board of Directors Meeting for EGM-2025
Referring to their earlier news disseminated by DSE on 27.02.2025, the company has further informed that due to unavoidable circumstances, the Board of Directors meeting of the Company of March 06, 2025 at 7:00 P.M regarding Extra Ordinary General Meeting (EGM)-2025 has been postponed. Revised date and time will be notified later on.
- Notice of Board of Directors Meeting for EGM
The company has informed that the Board of Directors' meeting of the company will be held on March 06, 2025 at 7:00 P.M. regarding Extra Ordinary General Meeting (EGM)-2025 for considering the company's deposit for share money of Tk. 351,61,50,928.00. Issuance of Irredeemable Non-Cumulative Preference Share in favor of the Government (Finance Division) of which issue price is Tk. 10.00 each and number of shares 35,16,15,092 and declaration of entitlement for shareholders.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended June 30, 2024 to the respective shareholders.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. (5.28) for October-December 2024 as against Tk. 0.40 for October-December 2023; EPS was Tk. (7.19) for July-December 2024 as against Tk. 0.47 for July-December 2023. NOCFPS was Tk. 5.53 for July-December 2024 as against Tk. 0.60 for July-December 2023. NAV per share was Tk. 90.46 as on December 31, 2024 and Tk. 98.15 as on June 30, 2024. (Cont.1) (cont. news of TITASGAS): Consequently, the company has recognized the entire amount of tax deducted at source as a current tax expense, resulting in a net loss of Tk. 711.4334 crore. Considering these leading to a significant decrease in the company's earnings per share (EPS). (end) (cont. news of TITASGAS): As a transmission and distribution company, Titas Gas utilized this provision and claimed a refund for excess tax deducted at source over its actual tax liability. However, this year, the Finance Act 2024, Section 54 abolished Section 163(3) (Ka). As a result, tax deducted at source will now be treated as the minimum tax if the actual tax liability is lower than the tax deducted at source. (Cont.3) (cont. news of TITASGAS): During July-24 to Dec-24, the company reported a system loss of 10.63%, of which allowable system loss is 2%. That's why the company had to bear a huge amount of purchase liability without getting any revenue. On the other hand, according to Tax Law 2023, Section 163(3) (Ka), the minimum tax was not applied to "any company related to gas transmission or distribution." (Cont.2)
- Appointment of Company Secretary
The company has informed that Mr. Akond Md. Mahbubul Islam has been appointed as the Company Secretary of the company.
- 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 28, 2025 at 7:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2024.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.