Zaheen Spinning PLC. announcements
199 Dhaka Stock Exchange announcements for Zaheen Spinning PLC. (ZAHEENSPIN) since 2015: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2017 (26).
- Successful set up of an Electric Substation and Bus Bar Trunking
With reference to their earlier news (disseminated on 30.10.2016), the Company has further informed that they have successfully set up a 33/11/0.415KV, 4MVA Electric Substation for sanctioned load of 3,000KW/3MW with a captive capacity of 1,000KW/1MW. Installation of Bus Bar Trunking (BBT) System in the said Electric Substation has also been completed. Test run is on for more scrutiny. The Board of Directors of the Company (cont.) (continuation news of ZAHEENSPIN): has been satisfied for successful completion of the said installation and decided to run the mill by electricity from December 18, 2017 subject to availability of power supply by REB which will reduce the risk of interruption in production. (end)
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.50 for July-September, 2017 as against Tk. 0.53 for July-September, 2016; NOCFPS was Tk. 0.09 for July-September, 2017 as against Tk. 0.12 for July-September, 2016. NAV per share was Tk. 14.57 as on September 30, 2017 and Tk. 14.07 as on September 30, 2016.
- Q1 Financials (Revised)
(Revised) (Q1 Un-audited): EPS was Tk. 0.50 for July-September, 2017 as against Tk. 0.46 for July-September, 2016; NOCFPS was Tk. 0.09 for July-September, 2017 as against Tk. 0.12 for July-September, 2016. NAV per share was Tk. 14.57 as on September 30, 2017 and Tk. 14.07 as on September 30, 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 November 14, 2017 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, 2017.
- Dividend Disbursement
The Company has informed that it has credited Bonus shares for the year ended on June 30, 2017 to the respective shareholders' BO Accounts.
- Authorized Capital increased of the Company
The Company has informed that they have increased their authorized capital from Tk. 1,000.00 million to Tk. 4,000.00 million with 300 million Ordinary Shares and 100 million Preference shares, of Tk. 10.00 each, by altering Memorandum and Articles of Association of the Company with the consent of the Shareholders in the 1st EGM held on June 15, 2016. This has been approved by the RJSC.
- Resumption after Record Date
Trading of the shares of the Company will resume on 14.09.2017 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 13.09.2017.
- 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 11.09.2017 to 12.09.2017. Trading of the shares of the Company will remain suspended on record date i.e., 13.09.2017.
- Dividend Declaration and Right Share Issuance
The Board of Directors has recommended 15% stock dividend for the year ended on June 30, 2017. In line with the previous resolution adopted in the EGM held on July 16, 2017, the revised Rights offer would be for 98,552,700 ordinary shares of Tk. 10.00 each at an issue price of Tk. 10.00 each per share totaling Tk. 985,527,000.00 offered on the basis of 1:1R i.e. 1 rights share for 1 existing share held on the record date for entitlement.(cont.1) (Continuation news of ZAHEENSPIN): The Company has also reported EPS of Tk. 1.39, NAV per share of Tk. 14.07 and NOCFPS of Tk. 0.75 for the year ended on June 30, 2017 as against Tk. 0.89 (restated), Tk. 12.68 (restated) and Tk. 1.66 (restated) respectively for the same period of the previous year. Another record date for entitlement of the proposed rights shares will be notified later after obtaining approval from BSEC. (end) (Continuation news of ZAHEENSPIN): While the proposal of Rights Share is still pending with BSEC and since the Board of Directors of the Company has recommended 15% stock dividend, paid up capital will be increased to Tk. 985,527,000.00 subject to approval of shareholders in the AGM. Date of AGM: 05.10.2017, Time: 9:00 AM, Venue: Sughandha Community Centre, Plot # 75/A, Road # 5/A, Sat Mosjid Road, Dhanmondi, Dhaka-1205. Record Date: 13.09.2017. (cont.3) (Continuation news of ZAHEENSPIN):. Fund to be raised through Rights issue will be utilized for the following purposes: A) Expansion of the Existing Project Tk. 766,027,000.00; B) Working Capital Tk. 150,000,000.00; C) Partial Repayment of Term Loan Tk. 50,000,000.00; D) Rights Issue Expenses (approx) Tk. 19,500,000.00. Total utilization of the Rights Issue Fund Tk. 985,527,000.00. (cont.2)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (20.08.2017) 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 August 19, 2017 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2017.
- Credit Rating Result
WASO Credit Rating Company (BD) Ltd. (WCRCL) has announced the entity rating of the Company as "BBB1" for long term and "ST-3" for short term along with a stable outlook based on latest audited financial statements of the Company for the year 2015- 2016 and other relevant quantitative and qualitative information of the Company.
- EGM date Change
The Company has further informed that due to unavoidable circumstances, the 2nd EGM of the Company which was scheduled to be held on June 17, 2017 has been postponed. The 2nd EGM of the Company will now be held on July 16, 2017. Venue and time will remain unchanged.
- Resumption after Record Date
Trading of the shares of the Company will resume on 23.05.2017 after record date for EGM.
- Suspension for Record Date for EGM
Trading of the shares of the Company will remain suspended on record date i.e., 22.05.2017 for EGM. Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from BSEC.
- Spot News for EGM
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 18.05.2017 to 21.05.2017. Trading of the shares of the Company will remain suspended on record date i.e., 22.05.2017 for EGM. Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from BSEC.
- Issuance of Right Share
The Board of Directors has decided to raise the paid up capital of Tk. 85,69,80,000.00 only of the Company by Issuing Rights share @ 1R:1 (1 rights for 1 existing share) @ Tk 10.00 each for expansion of the existing project to meet the requirement of working capital of the Company, subject to approval of shareholders in the 2nd EGM and Bangladesh Securities and Exchange Commission (BSEC) and other Regulatory Authorities. (cont.) (Continuation news of ZAHEENSPIN): Date of EGM: 17.06.2017, Time: 9:00 AM, Venue: Sughandha Community Centre, Plot # 75/A, Road # 5/A, Sat Mosjid Road, Dhanmondi, Dhaka-1209. Record date: 22.05.2017. Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from BSEC.(end)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (30.04.2017) following its corporate declaration.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.30 for January-March, 2017 as against Tk. 0.19 for January-March, 2016; EPS was Tk. 1.17 for July, 2016-March, 2017 as against Tk. 0.59 for July, 2015-March, 2016. NOCFPS was Tk. 0.59 for July, 2016-March, 2017 as against Tk. 1.55 for July, 2015-March, 2016. NAV per share was Tk. 13.85 as of March 31, 2017 and Tk. 14.58 as of June 30, 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 April 29, 2017 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, 2017.
- Confirmation of transfer by Sponsor/Director
Mr. Mahmudur Rahman, one of the Sponsors/Directors of the Company has further reported that he has completed his transfer of 10,80,000 shares of the Company to his sister Mrs. Masuma Khan, by way of gift, outside the trading system of the Exchange, as announced earlier. Mrs. Farida Khanam, one of the Sponsors/Directors of the Company has further reported that she has completed her transfer of 7,38,000 shares of the Company to her son Mr. Mahbubur Rahman, by way of gift, outside the trading system of the Exchange, as announced earlier.<br> Mr. A.M. Badruzzaman Khashroo, one of the Sponsors/Directors of the Company has further reported that he has completed his transfer of 17,52,000 shares of the Company to his daughter Mrs. Masuma Khan, by way of gift, outside the trading system of the Exchange, as announced earlier.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.42 for October-December, 2016 as against Tk. (0.10) (restated) for October-December, 2015; EPS was Tk. 0.88 for July-December, 2016 as against Tk. 0.40 (restated) for July-December, 2015. NOCFPS was Tk. 0.47 for July-December, 2016 as against Tk. 1.42 (restated) for July-December, 2015. NAV per share was Tk. 13.56 as of December 31, 2016 and Tk. 14.58 as of June 30, 2016.
- Declaration of transfer by Sponsor/Director
Mr. Mahmudur Rahman, one of the Sponsors/Directors of the Company, has expressed his intention to transfer 10,80,000 shares out of his total holding of 82,80,000 shares of the Company to his sister Mrs. Masuma Khan, 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. Mrs. Farida Khanam, one of the Sponsors/Directors of the Company, has expressed her intention to transfer 7,38,000 shares out of her total holding of 56,58,000 shares of the Company to her son Mr. Mahbubur Rahman, 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. Mr. A.M. Badruzzaman Khashroo, one of the Sponsors/Directors of the Company, has expressed his intention to transfer 17,52,000 shares out of his total holding of 1,34,32,000 shares of the Company to his daughter Mrs. Masuma Khan, 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.
- 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, 2017 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, 2016.
- Setting up a Capital Machinery of Rotor Spinning Machine
The Company has informed that the Board of Directors, among others, has decided to set up a Capital Machinery of Rotor Spinning Machine. The tentative cost for this new set up is Tk. 70.00 million. Annual turnover & NPAT is Tk. 100.00 million & Tk. 17.00 million respectively. As a result, Net profit after Tax of the Company will go up by Tk. 17.00 million. The expected time of commencement of production is approximately August 2017.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.