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).
One of the Listed Companies, Phoenix Insurance Company Limited has recommended 15 percent cash Dividend to its investors for the Financial Year ending December 31, 2022.
This source is known from DSE.
The Company has reported EPS of Tk 2.02 paisa, NAV per share of Tk 37.10 for the year ended December 31, 2022, as against EPS of Tk 2.20 paisa.
The Annual General Meeting (AGM) of the company will be held on May 31 through the digital platform. The record date for this has been fixed at April 17.
/NR
One of the Listed Companies, Central Insurance Company Limited has recommended 15 percent cash Dividend to its investors for the Financial Year ending December 31, 2022.
This source is known from DSE.
The Company has reported EPS of Tk 2.03 paisa, NAV per share of Tk 49.48 for the year ended December 31, 2022, as against EPS of Tk 2.41 paisa.
The Annual General Meeting (AGM) of the company will be held on May 28 through the digital platform. The record date for this has been fixed at April 16.
/NR
Dhaka Stock Exchange DSE, Bourses on the second working day of the week, March 20, ended with price index & turnover drops.
This information is known from DSE sources.
344 crores 66 lakh shares were traded in DSE on this day. 107 crores 62 lakhs less trading was done in DSE today compared to the previous workday, 19 March, Shares worth Tk 452 crores 29 lakh shares were traded in DSE last time, Sunday.
The benchmark index DSEX dropped 3.15 points or 6,204. The Shariah-based index DSES lost 2.95 points or 1,349, and the blue-chip index DS30 shed 1.96 points or 2,215.
Of the issues traded, 51 advanced, 35 declined, and 234 remained unchanged.
Chartered Life Insurance Company Limited ranked top gainer on DSE, the share price increased by Tk 1.9 paisa or 3.12 percent. On this day, the share was last traded at Tk 62.80 paisa.
On the other hand, AL-Haj Textile Mills Ltd ranked top loser on the DSE, the share price dropped by Tk 19.6 paisa or 10.00 percent. On this day, the share was last traded at Tk 176.40 paisa.
DSE topped on trade Sea Pearl Beach Resort & Spa Limited 14 crores 96 lakh 47 thousand takas of shares of the company have been traded.
A total of 43 companies’ shares were traded in the Block on Dhaka Stock Exchange, 1 crore 8 lakh 2 thousand 642 shares of the companies were traded. The financial value of which is 108 crore 33 lakh taka.
