Stocks
Inquiry committee against Bengal Biscuits: BSEC
Bangladesh Securities and Exchange Commission, BSEC has approved an investigation committee against Bengal Biscuits recorded in the SME market in share market.
The inquiry committee has been told to look into the whole matter together with the business activities of the company. According to BSEC sources.
The team of the investigation committee are BSEC joint director Md. Saiful Islam, Assistant Director. Mahmudur Rahman and a person from Dhaka Stock Exchange, DSE (senior manager to senior officer). The commission has said to submit the investigation results to the commission within 6 weeks (30 working days).
BSEC’s attachments said that in view of the various complaints, it is necessary to conduct an investigation on the whoile issue of Bengal Biscuits. According to its arrest, Section 21 of the Securities and Exchange Ordinance, 1969 (Ordinance No. 17 of 1969) and Section 17A of the Bangladesh Securities and Exchange Commission Act, 1993 (Act No. 15 of 1993) were demanded to form an inquiry committee against Benagla Biscuits. The inquiry officers shall submit the report to the BSES within 6 weeks (30 working days) of the issuance of this order.
Just recent, many irregularities and complaints against Bengal Biscuits have been submitted to BSEC. The Commission has already sought an explanation from the Managing Director of Bengal Biscuits regarding the irregularities and complaints. Most of the complaints filed against the company by the commission are related to financial irregularities.
From July 2019, electricity and gas bill documents, monthly sales reports and bank statements must be submitted to the commission. The monthly Value Added Tax (VAT) documents from the time of discussion, related documents including the address of where the goods were sold, the information of the managing director and the officers and employees working in the company, their salaries and allowances for the last 3 months have been asked to be submitted to the Seat Commission.
Henceforth, a report on the company’s current image and future improvement, documents related to board meetings of directors, accounts related to directors’ allowances of their board meetings and other necessary documents have also been asked to be submitted to the commission.
On September 16, 2021, BSEC announced the abolition of the OTC market. As a result, BSEC has take actions to shift the companies covered by the OTC market to the SME platform and Alternative Trading Board (ATB) based on their financial capacity and future prospects. Regarding this, BSEC decided to shift Bengal Biscuits from OTC market to SME platform in 2021.
Bengal Biscuits, listed in the SME market of the share market, has an authorized capital of Tk 50 crore and a paid up capital of Tk 7 crore 93 lakh. Accordingly, the total number of shares of the company is 79 lakh 38 thousand. Out of this, 30.60pc shares are held by entrepreneurial managers, 10.27pc by institutional investors and 59.13pc by general investors. The company’s shares last traded at Tk 107.40 on Thursday (October 13).
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.
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