Stocks
BSEC Appoints 14 Auditors to Address Unclaimed Dividend Disbursement
The Bangladesh Securities and Exchange Commission (BSEC) has chosen 14 auditors to conduct audits of 50 listed companies in an effort to address issues related to unclaimed dividend disbursement.
In a directive issued on Monday, the commission instructed the Capital Market Stabilisation Fund (CMSF) to appoint auditors from the list of the selected 14 for the initial phase of audits.
The directive outlines that the CMSF will determine the audit periods based on corporate actions, including declarations of cash and stock dividends, right issues, and other such corporate actions.
The audit will be carried out by the 14 selected firms in accordance with the CMSF’s proposal, and the audit fees should not exceed the proposed amount.
The audit will be conducted according to approved terms of reference, and the findings will be reported accordingly.
Before finalizing the audit report and its findings, the CMSF will organize a tripartite meeting with the relevant department of the commission.
Both auditors and the CMSF are required to ensure compliance with the relevant rules, regulations, notifications, and instructions issued by the commission in this regard.
Additionally, no audit firm is permitted to conduct audits for more than four companies.
The selected chartered accountants include A Wahab & Co, ACNABIN, Aziz Halim Khair Choudhury, FAMES & R, G Kibria & Co, Howladar Yunus & Co, Mahfel Huq & Co, Masih Muhith Haque & Co, SK Barua & Co, Zoha Zaman Kabir Rashid & Co, Mahamud Sabuj & Co, Islam Jahid & Co, Basu Banerjee Nath & Co, and Snehasish Mahmud & Co.
Dhaka Stock Market DSE, Bourse on the second working day of the week, 30th September, ended with a negative performance in Indices and a hike in Turnover from the previous working session. This information is known from DSE sources.
503 crore 90 lakh taka shares were traded on this day. 22 crore 58 lakh more tradings were done in DSE today compared to the previous workday, 29th September, Shares worth Tk 481 crores 31 lakh shares were traded last time, Sunday.
The benchmark DSEX lost 33.61 points or 5,624 The Shariah-based index DSES dropped 7.36 point or 1,263 and the blue-chip index DS30 decreased by 9.57 points or 2,053.
Of the issues traded, 72 advanced, 299 declined and 25 remained unchanged.
Shahjibazar Power Company Limited ranked top gainer on DSE, the share price increased by Tk 4.00 paisa or 9.76 percent. On this day, the share was last traded at Tk 45.00 paisa.
Dhaka Electric Supply Company Limited ranked top loser on the DSE, the share price dropped by Tk 1.80 paisa or 7.56 percent. On this day, the share was last traded at Tk 22.00 paisa.
DSE topped on trade is Pragati Life Insurance Limited 25 crore 35 lakh takas of company shares have been traded.
A total of 27 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 50 lakh 42 thousand 956 shares of the companies were traded. The financial value of which is 65 crore 60 lakh taka
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.
