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 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.
