Stocks
11 Individuals and Institutions Honored with BSEC Golden Jubilee Awards
The Bangladesh Securities and Exchange Commission (BSEC) has awarded 11 individuals and institutions in recognition of their contributions to the capital market. The awards were given in four categories: Independence Golden Jubilee and Integrity.
The awards ceremony, titled “Women in Capital Market and Independence Golden Jubilee Awards 2023,” took place on Wednesday evening at the Pan Pacific Sonargaon Hotel in Dhaka.
Professor Shibli Rubayat-Ul-Islam, Chairman of BSEC, presided over the event. Dr. Shirin Sharmin Chaudhury attended as the chief guest, while State Minister for Finance, Wasika Ayesha Khan, was the special guest. BSEC Commissioner Dr. Sheikh Shamsuddin Ahmed delivered the welcome speech, and Commissioner Dr. Rumana Islam gave the vote of thanks.
Award Recipients:
Integrity Category:
- Grades 2-9: Additional Director Mohammad Rakibur Rahman
- Grades 10-16: Personal Officer Samir Ghosh
- Grades 17-20: Office Assistant Md. Sujan Alam
Market Intermediaries:
Stock Brokers:
- 1st Place: IDLC Securities Limited
- 2nd Place: BRAC EPL Stock Brokerage Limited
- 3rd Place: Shanta Securities Limited
Merchant Bankers:
- 1st Place: Prime Bank Investment Limited
- 2nd Place: Islami Bank Capital Management Limited
- 3rd Place: Southeast Bank Capital Services Limited
Asset Management Companies:
- 1st Place: ACACIA SR Investment Management Limited
- 2nd Place: ICB Asset Management Company Limited
One of the Listed companies, National Polymer Limited has recommended 10.50% Cash Dividend for the year ended June 30, 2024.
It has reported Consolidated EPS of Tk 2.27 paisa, and Consolidated NAV per share of Tk 30.63 for the year ended March 31, 2024.
The Annual General Meeting (AGM) of the company will be held on December 18, through the digital platform. The record date for this has been fixed at October 22.
The Company also discloses its financial reports for the second quarter, (April – June 24).
As per the company’s consolidated life revenue account for April to June 2024, the excess of total income over total expenses, including claims (surplus), stood at Tk 1,394.24 million. This marks a significant increase from the surplus of Tk 823.68 million during the same period in 2023.
For the first half of 2024, from January to June, the company reported a surplus of Tk 2,177.57 million, compared to Tk 1,290.39 million in the corresponding period of the previous year.
Additionally, the Life Insurance Fund balance as of June 30, 2024, reached Tk 55,188.62 million, showing a net increase of Tk 5,892.25 million from Tk 49,296.37 million on June 30, 2023.
One of the Listed companies, Beacon Pharmaceuticals PLC has recommended 20% Cash dividend and 10% Cash Dividend to Sponsor Shareholder and Directors for the year ended June 30, 2024.
It has reported EPS of Tk 2.26 paisa, and NAV per share of Tk. 26.37 for the year ended June 30, 2024.
The Annual General Meeting (AGM) of the company will be held on December 23, through the digital platform. The record date for this has been fixed at October 27.
The Bangladesh Securities and Exchange Commission (BSEC) has removed three audit firms from its panel for their failure to secure enlistment with the Financial Reporting Council (FRC), according to a notice issued today.
The firms—A Hoque & Company, FAMES & R, and SK Barua & Company Chartered Accountants—were delisted following the FRC’s request. In December last year, the FRC published a list of enlisted audit firms and subsequently, in February, requested the BSEC to remove any firms that were not included on that list.
BSEC regulations mandate that financial statements signed by auditors outside its approved panel will not be accepted. With the removal of these three firms, the total number of audit firms on the BSEC panel has been reduced from 48 to 45.
Sources from the FRC revealed that 15-20 audit firms failed to secure enlistment last year, and approximately 45 chartered accountants are currently under restrictions imposed by the Institute of Chartered Accountants.
Although the delisted firms can no longer audit issuer companies or listed securities, they are allowed to complete audit and assurance services that were initiated before their removal, the BSEC clarified.
