Zahintex Industries Ltd. announcements
212 Dhaka Stock Exchange announcements for Zahintex Industries Ltd. (ZAHINTEX) since 2011: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (21).
- Address Change of Corporate Head Office
The Company has informed that the Corporate Head Office of the Company has been shifted to its new address at Room # 820, 8th Floor, BNS Center, Sec-07, Uttara, Dhaka.
- Resumption after record date
Trading of the shares of the Company will resume on 20.11.2022 after record date.
- The auditor of the Zahintex Industries Limited has given the \"Emphasis of Matters\" paragraphs in the Auditor\'s Report
The auditor of the Zahintex Industries Limited has given the \"Emphasis of Matters\" paragraphs in the Auditor\'s Report for the year ended 30 June, 2022. Emphasis of Matters: We would like to draw attention of the users of this report on the fact that. I. The Company has a material amount of inventory of Tk. 1,629,444,619.00 as on 30th June 2022 which is about four point Six (4.6) times higher than revenue and last financial year ended 30th June 2021 the inventory was Taka 1,631,889,634.00 (cont.1)
- (Continuation news of ZAHINTEX): which was also almost same with current year, but Sale of the entity did not increase s
(Continuation news of ZAHINTEX): which was also almost same with current year, but Sale of the entity did not increase significantly, during the financial year 2021-2022 Sales was only Tk. 351,388,647.00 and 2020-2021 financial year Sales was Taka 309,485,326, there are no significant difference in last two financial years and raw material consumption rate was also very low during the last two financial years. It reveals that inventory of the entity has been carried forward since long. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of ZAHINTEX): Such high inventory stock carried forward year to years will create the risk of obsoles
(Continuation news of ZAHINTEX): Such high inventory stock carried forward year to years will create the risk of obsolescence and liquid cash has been tied up for holding excess inventory and as well as storage costs will also be higher. Such huge inventory holding has tied up the working capital of the company and for this, the entity has struggled to repay loan instalment of the banks, especially AB Bank limited. II. In accordance with IAS 16.36 if an item is revalued, the entire class of (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of ZAHINTEX): assets to which that asset belongs should be revalued together. Further additions have
(Continuation news of ZAHINTEX): assets to which that asset belongs should be revalued together. Further additions have been made to Land and Land Development, Building and Civil Structure, Plant & Machinery and Utility facilitates which are still being carried under the cost model which contravenes the stipulation of the above IAS. III. According to Bangladesh Labour Act 2006, Bangladesh Labour Act (Amended) 2018, Bangladesh Labour Rules 2015, (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of ZAHINTEX): the company yet to introduce employees benefit scheme i.e. Employees Provident Fund, Gr
(Continuation news of ZAHINTEX): the company yet to introduce employees benefit scheme i.e. Employees Provident Fund, Gratuity Fund and Employees Welfare Fund. IV. The company has maintained Workers\' Profit Participation Fund (WPPF). However, it has not maintained any separate bank account for the maintenance of the fund. All the transactions of the fund conducted through company\'s bank account. (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of ZAHINTEX): V. Interest @ 9\% is accrued and charged in the statement of profit or loss account fro
(Continuation news of ZAHINTEX): V. Interest @ 9\% is accrued and charged in the statement of profit or loss account from loan A/C with AB Bank Limited which have been frozen and non-operating which is now under the jurisdiction of honourable High court. VI. The tool to measure company\'s performance Earning Per Share (EPS) is negative Tk. (3.11). VII. The company has a declaration of stock dividend in number of shares 7,438,959 in the year 2017 but did not submit the return (cont.6)
The first part of this announcement is missing from the archive. - Emphasis of Matters
(Continuation news of ZAHINTEX): of allotment to the Registrar of Joint Stock Companies and Firms (RJSC) u/s 151, of the Companies Act 1994. Subsequently, the company submitted petition to High court for permission to file the return of allotment and now the matter is under the jurisdiction of the honourable High court till to 30.06.2022. (end)
The first part of this announcement is missing from the archive. - Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2022
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (1.48) for July-September 2022 as against Tk. (0.96) for July-September 2021; NOCFPS was Tk. (0.52) for July-September 2022 as against Tk. (0.50) for July-September 2021. NAV per share was Tk. 11.21 as on September 30, 2022 and Tk. 12.59 as on June 30, 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 15.11.2022 to 16.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2022.
- 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 November 14, 2022 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2022.
- Dividend Declaration
The Board of Directors has recommended No Dividend for the year ended June 30, 2022. Date of AGM: 12.12.2022, Time: 09:00 AM, Venue: Old Rehabilitation Center, Bishia, Kuribari, Monipur, Gazipur. Record date: 17.11.2022. The Company has also reported EPS of Tk. (3.11), NAV per share of Tk. 12.59 and NOCFPS of Tk. (1.81) for the year ended June 30, 2022 as against Tk. (3.01), Tk. 15.71 and Tk. (1.20) 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 (30.10.2022) 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.
- 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, 2022 at 4:00 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. (0.62) for January-March 2022 as against Tk. (1.22) for January-March 2021; EPS was Tk. (2.24) for July 2021-March 2022 as against Tk. (2.52) for July 2020-March 2021. NOCFPS was Tk. (1.56) for July 2021-March 2022 as against Tk. (1.11) for July 2020-March 2021. NAV per share was Tk. 13.46 as on March 31, 2022 and Tk. 15.71 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 April 27, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2022.
- National Credit Ratings Limited (NCR) has announced the surveillance entity rating of the Company as \"BB+\" in the long
National Credit Ratings Limited (NCR) has announced the surveillance entity rating of the Company as \"BB+\" in the long term and \"ST-5\" in the short term along with a developing outlook based on audited financial statements of the Company as on June 30, 2021.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. (0.66) for October-December 2021 as against Tk. (0.71) for October-December 2020; EPS was Tk. (1.62) for July-December 2021 as against Tk. (1.31) for July-December 2020. NOCFPS was Tk. (1.22) for July-December 2021 as against Tk. (0.69) for July-December 2020. NAV per share was Tk. 14.08 as on December 31, 2021 and Tk. 15.71 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 January 30, 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.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.