Stocks
Paper Processing Gains BSEC Approval for Significant Paid-Up Capital Surge
In a significant development, Paper Processing & Packaging Limited has obtained approval from the Bangladesh Securities and Exchange Commission (BSEC) for augmenting its paid-up capital through amalgamation, as detailed in their letter no. BSEC/CFD/CRD/M&A/2023/244/31 dated Jnauary 30, 2024.
This follows a prior endorsement from the BSEC, letter no. BSEC/CI/CPLC (Public)-1090/2023/1521 dated November 28, 2023, for raising the paid-up capital through the issuance of 8% Bonus Shares on January 18, 2024.
The company’s paid-up capital, initially at Tk. 10 crore 44 lakh 96 thousand in December 2023, saw an increase to Tk. 11 crore 28 lakh 55 thousand 680 post the approval and crediting of bonus shares on January 18, 2024. Further amplifying this growth, Paper Processing is set to issue 1 lakh 83 thousand 17 thousand 810 Ordinary Shares through merger, propelling the paid-up capital to a substantial Tk. 29 crore 60 lakh 33 thousand 780.
Sequence of Paid-Up Capital Increase:
December 2023: Paid-up capital – Tk. 10 crore 44 lakh 96 thousand.
January 18, 2024: Bonus shares issued – Tk. 83 lakh 59 thousand 680.
Post 18.01.2024: Paid-up capital – Tk. 11 crore 28 lakh 55 thousand 680.
Through Merger: Paid-up capital to be raised – Tk. 18 crore 31 lakh 78 thousand 100.
Post Merger: Paid-up capital – Tk. 29 crore 60 lakh 33 thousand 780.
Sequence of Paid-Up Shares Increase:
December 2023: Paid-up shares – 1 crore 04 lakh 49 thousand 600.
18.01.2024: Bonus shares added – 8 lakh 35 thousand 968.
Post 18.01.2024: Paid-up shares – 1 crore 12 lakh 85 thousand 568.
Through Merger: Paid-up shares to be raised – 1 crore 83 lakh 17 thousand 810.
Post Merger: Paid-up shares – 2 crore 96 lakh 03 thousand 378.
Dhaka Stock Market DSE, Bourse on the last working day of the week, 25th July, ended with a hike in Indices and Turnover from the previous working session. This information is known from DSE sources.
497 crore 34 lakh taka shares were traded on this day. 337 crore 97 lakh more tradings were done in DSE today compared to the previous workday, July 24th, Shares worth Tk 159 crores 37 lakh shares were traded last time, Wednesday.
The benchmark DSEX increased 62.81 points or 5,413 The Shariah-based index DSES added 13.81 points or 1,183 and the blue-chip index DS30 gained by 24.25 points or 1,932.
Of the issues traded, 286 advanced, 66 declined and 40 remained unchanged.
Techno Drugs Limited ranked top gainer on DSE, the share price increased by Tk 3.80 paisa or 9.87 percent. On this day, the share was last traded at Tk 42.30 paisa.
Rangpur Foundry Limited ranked top loser on the DSE, the share price dropped by Tk 5.40 paisa or 2.98 percent. On this day, the share was last traded at Tk 175.70 paisa.
DSE topped on trade is Square Pharmaceuticals PLC 35 crore 9 lakh takas of company shares have been traded.
A total of 28 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 82 lakh 94 thousand 29 shares of the companies were traded. The financial value of which is 21 crore 92 lakh taka
One of the listed companies, Eastland Insurance Company Limited discloses its financial reports for the second quarter, (April – June 24).
The company’s earnings per share (EPS) Tk 0.27 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.41 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. NAV per share was Tk. 20.85 as of June 30, 2024.
One of the listed companies, Shahjalal Islami Bank PLC discloses its financial reports for the second quarter, (April – June 24).
The company’s Consolidated earnings per share (EPS) Tk 1.50 paisa in Q2 of the current financial year (April – June 24). Consolidated EPS was Tk. 1.50 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. Consolidated NAV per share was Tk. 20.85 as of June 30, 2024.
