21:37:48 (BST) 21:37:48 (BST)
CSE news on INTECH
2024-12-15: Emphasis of Matters
INTECH: The auditor of the company has given the ''Emphasis of Matters'' paragraphs in the Auditor's Report of the company for the year ended June 30, 2024. To view the details, please visit: https://www.cse.com.bd/upload_media/INTECH_2024.pdf
2024-11-14: Record Date on17.11.2024
INTECH: Trading of the shares of the Company will remain suspended on its record date i.e., 17.11.2024. Trading of the shares of the Company will resume on 18.11.2024.
2024-11-14: Regarding AGM venue of the company
INTECH: Refer to their earlier news disseminated by CSE on 28.10.2024 regarding Recommendation of Dividend, the company has further informed the Venue of the AGM: YMCA International House: B-2, Jaleswar, PATC, Radio Colony, Savar, Dhaka-1343.
2024-11-14: Un-audited Financial Statement
INTECH: (Quarter 1) As per un-audited financial statements of the Company, EPS was Tk. (0.08) for July-September 2024 as against Tk. (0.15) for July-September 2023; NOCFPS was Tk. (0.02) for July-September 2024 as against Tk. (0.05) for July-September 2023. NAV per share was Tk. (0.13) as on September 30, 2024 and Tk. (0.05) as on June 30, 2024.
2024-11-11: Spot trade from tomorrow (12.11.2024)
INTECH: Trading of the shares of the Company will be allowed only in the Spot Market from 12.11.2024 to 14.11.2024 as the record date of the Company is on 17.11.2024.
2024-11-06: Board Meeting
INTECH: The Company has informed that the Board Meeting of the Company will be held on November 13, 2024 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2024
2024-10-29: Election of Chairman
INTECH: The Company has informed that the Board of Directors has elected Mr. Khandaker Sakib Ahmed as the Chairman of the company.
2024-10-28: CB Free
INTECH: Please note that there will be no price limit today 28.10.2024 on the trading of the shares of the company following its corporate declaration.
2024-10-28: Cont-Recommendation of Dividend
INTECH: (cont) As a result, it contributes to the overall increase in income for the year. Interest Waiver on Loan: The company settled a long outstanding term loan during this year, it led to a significant reduction in liabilities and acquire of an interest waiver Taka 14,646,455.00, which is the result of negotiations with creditors. As per Income Tax Act 2023 Under Section 67 Subsection 9, the interest waiver is recognized as business Income which increased in income for the year. It's essential to note that these events are likely to be one-time occurrences and may not be reflective of the company's ongoing operational performance.(end)
2024-10-28: Recommendation of Dividend
INTECH: The Board of Directors has recommended 0.20% cash dividend for general shareholders other than Director for the year ended June 30, 2024. Date of AGM: 29.12.2024, Time: 10:00 AM, Medium: Hybrid system, Venue will be notified later. Record Date: 17.11.2024. The Company has also reported EPS of Tk. 0.16, NAV per share of Tk. (0.05) and NOCFPS of Tk. 0.74 for the year ended June 30, 2024 as against Tk. (0.74), Tk. (0.21) and Tk. (0.29) respectively for the year ended June 30, 2023. Gain on sell of Fixed Asset: The company sold 2 Vehicles (Car) during this quarter by Taka 60,75,000.00 whose book value is zero. As per Income Tax Act 2023 under Section 46 Subsection 1, this gain is recognized as Business income for the period. (cont)
2024-10-20: Board Meeting
INTECH: The Company has informed that the Board Meeting will be held on October 27, 2024 at 04:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2024.
2024-06-03: Appointment of Company Secretary
INTECH: The Company has informed that the Board of Directors has approved the appointment of Mr. Md. Saddam Hossain as the Company Secretary of the Company with effect from May 26, 2024.
2024-05-21: Change of Close Price
INTECH: Please note that the close price of the shares of INTECH has been reset at current market price prevailing in other exchange's Market. New close price of INTECH =Tk. 21.60.
2024-04-28: Cont-Un-audited Financial Statements
INTECH: (Quarter 3) (Cont) 2. Interest Waiver on Loan: The company settled a long outstanding term loan during this quarter, it led to a significant reduction in liabilities and acquire of an interest waiver Taka 14,646,455.00, which is the result of negotiations with creditors. It's essential to note that these events are likely to be one-time occurrences and may not be reflective of the company's ongoing operational performance. The deviation in details for this quarter is significant because these events are not part of the company's regular, day-to-day business activities.(end)
2024-04-28: Un-audited Financial Statements
INTECH: (Quarter 3) As per un-audited financial statements of the Company, EPS was Tk. (0.12) for January-March 2024 as against Tk. (0.18) for January-March 2023; EPS was Tk. 0.28 for July 2023-March 2024 as against Tk. (0.54) for July 2022-March 2023. NOCFPS was Tk. 0.99 for July 2023-March 2024 as against Tk. (0.21) for July 2022-March 2023. NAV per share was Tk. 0.07 as on March 31, 2024 and Tk. (0.21) as on June 30, 2023. Reasons for deviation: 1. Gain on sell of Fixed Asset: The company sold 2 Vehicles (Car) during this quarter by Taka 60,75,000.00 whose book value is zero. As a result, it contributes to the overall increase in income for the quarter. (Cont)
2024-04-28: Buy Intention
INTECH: Mr. Atiqul Alam Chowdhury, a Director of the Company, has reported his intention to buy 4,000 shares of the company at prevailing market price (in the Public and Block Market) through Dhaka Stock Exchange PLC. within April 30, 2024.
2024-04-22: Board Meeting
INTECH: The Company has informed that a meeting of the Board of Directors will be held on April 25, 2024 at 03:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2024.
2024-02-18: Category Change
INTECH: The Company has been placed in 'Z' category from existing 'B' category with effect from today i.e., February 18, 2024 as per provision 1(d) of BSEC Order No. SEC/CMRRCD/2009-193/74(R) dated February 15, 2024. As per BSEC Directive No. BSEC/CMRRCD/2009-193/32 dated December 26, 2021; the stock brokers & merchant bankers are requested not to provide loan facilities to their clients against trading of the shares of INTECH from 18 February 2024.
2024-01-31: Cont-Un-audited HY A/Cs
INTECH(cont):2. Settlement of Long Outstanding Term Loan: The company settled a long outstanding term loan during this quarter, it led to a significant reduction in liabilities and acquire of an interest waiver Taka 14,646,455.00, which is the result of negotiations with lenders or creditors. The interest waiver is increased in income for the quarter. It's essential to note that these events are likely to be one-time occurrences and may not be reflective of the company's ongoing operational performance. The deviation in details for this quarter is significant because these events are not part of the company's regular, day-to-day business activities.(end)
2024-01-31: Un-audited HY A/Cs
INTECH: (Quarter 2) As per un-audited half yearly accounts of the company, EPS was Tk. 0.44 for October-December 2023 as against Tk. (0.19) for October-December 2022; EPS was Tk. 0.34 for July-December 2023 as against Tk. (0.35) for July-December 2022. NOCFPS was Tk. 1.44 for July-December 2023 as against Tk. (0.17) for July-December 2022. NAV per share was Tk. 0.13 as on December 31, 2023 and Tk. (0.21) as on June 30, 2023. Reason of significant deviation: 1. Sale of Vehicle (Car): The company sold 2 Vehicles (Car) during this quarter by Taka 60,75,000.00 which book value is zero., it results in a one-time boost to revenue. It contributes to the overall increase in income for the quarter.(cont)
2024-01-28: Board Meeting
INTECH: The Company has informed that a meeting of the Board of Directors will be held on January 30, 2024 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2023.
2024-01-25: Board Meeting
INTECH: The Company has informed that the Board Meeting of the Company will be held on January 30, 2024 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2023.
2024-01-24: CSE's Query Reply
INTECH: In response to CSE's query dated January 24, 2024 regarding the upward trend of its share price and volume, the Company has informed that they have not any material information relating to the Company's operation/profitability which may impact the company's share price.
2023-12-24: Cont-Decision to sell land Property at Tarakanda, Mymensingh
INTECH: (cont) After detailed discussion the board has taken the following decision unanimously. Resolved that after being informed about the situation the Board of Directors hereby advised Mr. Md. Azam Ali, Chief Financial Officer (CFO), to search for some party who are interceded to purchase the fisheries project land located at Tarakanda in Mymensingh proceeds for the sale of 1849 decimal by maximum rate. It will be used for repayment of loans taken by the company from the Financial Institute and business expansion.(end)
2023-12-24: Decision to sell land Property at Tarakanda, Mymensingh
INTECH: The company has informed that the Board of Directors of the company in its meeting held on December 21, 2023 has taken the following decision: Agenda-04: To discuss and take necessary decisions for selling the land Property at Tarakanda, Mymensingh. Subject to the chairman's permission, the Managing director of the company told the board that their fish farm land at Tarakanda, Mymensingh could be sold instead of being leased and used to pay off the business debt and the remaining money would be better if they could use it for business expansion.(cont)
2023-12-24: Un-audited Financial Statement
INTECH: (Quarter 1) As per un-audited financial statements of the Company, EPS was Tk. (0.15) for July-September 2023 as against Tk. (0.16) for July-September 2022. NOCFPS was Tk. (0.05) for July-September 2023 as against Tk. (0.08) for July-September 2022. NAV per share was Tk. (0.36) as on September 30, 2023 and Tk. (0.21) as on June 30, 2023.
2023-12-19: Board Meeting
INTECH: The Company has informed that the Board Meeting of the Company will be held on December 21, 2023 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2023.
2023-12-06: Record Date tomorrow (07.12.2023)
INTECH: Trading of the shares of the Company will remain suspended on its record date i.e., 07.12.2023. Trading of the shares of the Company will resume on 10.12.2023.
2023-12-04: Spot trade from tomorrow (05.12.2023)
INTECH: Trading of the shares of Intech Limited will be allowed only in the Spot Market from 05.12.2023 to 06.12.2023 as the record date of the Company is on 07.12.2023.
2023-12-04: Emphasis of Matter and Going Concern
INTECH: The auditor of the company has given the "Emphasis of Matter and Going Concern" paragraph in the Auditor's Report of the company for the year ended June 30, 2023. To view the details, please visit: https://www.cse.com.bd/upload_media/INTECH2023.pdf
2023-11-16: Appointment of Managing Director
INTECH: Intech Limited has informed that Mr. Ubaida Asadi (Shareholder Director) has been appointed for the position of Managing Director of the Company with immediate effect.
2023-11-16: Un-audited Financial Statements
INTECH: (Quarter 3) As per un-audited financial statements of the Company, EPS was Tk. (0.18) for January-March 2023 as against Tk. (0.22) for January-March 2022. EPS was Tk. (0.54) for July 2022-March 2023 as against Tk. (0.54) for July 2021-March 2022. NOCFPS was Tk. (0.21) for July 2022-March 2023 as against Tk. (0.27) for July 2021-March 2022. NAV per share was Tk. (0.01) as on March 31, 2023 and Tk. 0.53 as on June 30, 2022.
2023-11-16: Un-audited HY A/Cs
INTECH: (Quarter 2) As per un-audited half yearly accounts of the Company, EPS was Tk. (0.05) for October-December 2022 as against Tk. (0.28) for October-December 2021; EPS was Tk. (0.35) for July-December 2022 as against Tk. (0.36) for July-December 2021. NOCFPS was Tk. (0.17) for July-December 2022 as against Tk. (0.21) for July-December 2021. NAV per share was Tk. 0.17 as on December 31, 2022 and Tk. 0.53 as on June 30, 2022.
2023-11-16: Un-audited Financial Statements
INTECH: (Quarter 1) As per un-audited financial statements of the Company, EPS was Tk. (0.16) for July-September 2022 as against Tk. (0.14) for July-September 2021. NOCFPS was Tk. (0.08) for July-September 2022 as against Tk. (0.10) for July-September 2021. NAV per share was Tk. 0.36 as on September 30, 2022 and Tk. 0.53 as on June 30, 2022.
2023-11-16: CB free
INTECH: Please note that there will be no price limit today 16.11.2023 on the trading of the shares of the company following its corporate declaration. However, the floor price shall be applicable accordingly.
2023-11-16: Recommendation of No Dividend
INTECH: The Board of Directors has recommended No dividend for the year ended June 30, 2023. Date of AGM: 31.12.2023, Time: 3:00 PM, Venue: Digital Platform. Record date: 07.12.2023. The Company has also reported EPS of Tk. (0.74), NAV per share of Tk. (0.21) and NOCFPS of Tk. (0.29) for the year ended June 30, 2023 as against Tk. (1.15), Tk. 0.53 and Tk. (0.36) respectively for the year ended June 30, 2022.
2023-11-12: Rescheduling of 21st and 22nd AGM date
INTECH: Refer to their earlier news disseminated by CSE on 19.10.2023 regarding postponement of 21st and 22nd AGM, Intech Limited has further informed the rescheduled date, time and venue of 21st and 22nd AGM. Date of 21st AGM: 13.12.2023, Time: 11:00 AM, Venue: Digital Platform; Date of 22nd AGM: 13.12.2023, Time: 12:00 PM, Venue: Digital Platform.
2023-11-08: Board Meeting
INTECH: Intech Limited has informed that the Board Meeting of the Company will be held on November 15, 2023 at 5:30 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2023.
2023-11-08: Board Meeting
INTECH: Intech Limited has informed that the Board Meeting of the Company will be held on November 15, 2023 at 4:00 PM, 4:30 PM and 5:00 PM respectively to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1), Second Quarter (Q2) and Third Quarter (Q3) period ended September 30, 2022, December 31, 2022 and March 31, 2023 respectively.
2023-10-19: Record Date on 22.10.2023
INTECH: Trading of the shares of Intech Limited will remain suspended on its record date i.e., 22.10.2023. Trading of the shares of the Company will resume on 23.10.2023.
2023-10-19: Postponement of 21st and 22nd AGM
INTECH: Refer to the earlier news disseminated by CSE on 02.10.2023 regarding Recommendation of No Dividend and announcement of 21st and 22nd AGM Date, Intech Limited has further informed that the 21st and 22nd AGM of the Company has been postponed. New date and time of the AGM will be announced later. All other information will remain unchanged.
2023-10-17: Spot trade from tomorrow (18.10.2023)
INTECH: Trading of the shares of Intech Limited will be allowed only in the Spot Market from 18.10.2023 to 19.10.2023 as the record date of the Company is on 22.10.2023.
2023-10-16: Emphasis of Matter
INTECH: The auditor of the company has given the "Emphasis of Matter" paragraph in the Auditor's Report of the company for the year ended June 30, 2022. To view the details, please visit: https://www.cse.com.bd/upload_media/EM_of_INTECH_LIMITED_for_30_June_2022.pdf
2023-10-02: CB free
INTECH: Please note that there will be no price limit today 02.10.2023 on the trading of the shares of the Company following its corporate declaration. However, the floor price shall be applicable accordingly.
2023-10-02: Cont-Recommendation of No Dividend and announcement of 21st and 22nd AGM Date
INTECH: (cont) Reason of deviation: After being informed about significant irregularities and discrepancies in respect of the Company assets and financial transactions, the Commission appointed G Kibria & Co., Chartered Accountants to conduct SPECIAL AUDIT over Intech Limited and current Statutory Auditor Islam Quazi Shafique & Co., Chartered Accountants also found that most of the assets of Intech Ltd. disclosed by Previous management was fictitious, which are adjusted with the Retained Earnings.(end)
2023-10-02: Recommendation of No Dividend and announcement of 21st and 22nd AGM Date
INTECH: The Board of Directors has recommended No dividend for the year ended June 30, 2022. Record Date: 22.10.2023. The Company has also reported EPS of Tk. (1.15), NAV per share of Tk. 0.53 and NOCFPS of Tk. (0.36) for the year ended June 30, 2022 as against Tk. (2.75), Tk. 1.67 and Tk. (0.24) respectively for the year ended June 30, 2021. Date and time of 21st AGM: November 16, 2023 at 11:00 AM. Date and time of 22nd AGM: November 16, 2023 at 12:00 PM. Venue of both AGMs: Digital Platform. (cont)
2023-09-25: Board Meeting
INTECH: Intech Limited has informed that the Board Meeting of the Company will be held on October 01, 2023 at 6:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
2023-07-05: Appointment of Company Secretary
INTECH: Intech Limited has informed that the Board of Directors of the Company has approved the appointment of Mr. Md. Mozahidul Islam, ACS, as Company Secretary of the Company with effect from July 01, 2023.
2023-05-29: Resignation and appointment of Chairman
INTECH: Intech Limited has informed that the Board of Directors has accepted the resignation of existing Chairman Barrister Mr. Khandaker Reza-E-Raquib and appointed Mr. Atiqul Alam Chowdhury as the new Chairman of the company. The Company has further informed that, Barrister Mr. Khandaker Reza-E-Raquib will continue as the Director of the company.
2023-04-13: CSE's Query Reply
INTECH: In response to CSE's query dated March 30, 2023 regarding the upward trend of its share price and volume, Intech Limited has informed that there is no decision of the Board or incident that may cause this unusual price hike or upward trend of share price.
2023-04-02: Change of Registered & Corporate Office address
INTECH: Intech Limited has informed that the Registered & Corporate Office address of the Company has been shifted to its permanent premises at 3/1-E (2nd Floor), Bijoy Nagar, Purana Paltan, Dhaka-1000 with effect from 1st April 2023.
2023-03-30: Cont-Un-audited Financial Statements
INTECH(cont):''After being informing about significant irregularities and discrepancies in respect of the Company assets and financial transactions the Commission vide its letter (Ref: SEC/CFD/196/2003/Part-III /367 dated: March 22, 2022) has appointed G Kibria & Co., Chartered Accountants to conduct SPECIAL AUDIT over Intech Limited. Again, based on the last Statutory Audit Report, we found that most of the assets of Intech Ltd. disclosed by Previous management was fictitious, which was adjusted with the Retain Earnings of last FY 2020-21 and it has cumulative effect on this Quarter.''(end)
2023-03-30: Un-audited Financial Statements
INTECH: (Quarter 3) As per un-audited financial statements of Intech Limited, EPS was Tk. (.022) for January-March 2022 as against Tk. 0.01 for January-March 2021; EPS was Tk. (0.54) for July 2021-March 2022 as against Tk. 0.19 for July 2020-March 2021. NOCFPS was Tk. (0.27) for July 2021-March 2022 as against Tk. 0.75 for July 2020-March 2021. NAV per share was Tk. 1.13 as on March 31, 2022 and Tk. 1.67 as on June 30, 2021. Reason of significant deviation:(cont)
2023-03-30: Cont-Un-audited HY A/Cs
INTECH(cont): Reason of significant deviation: ''After being informing about significant irregularities and discrepancies in respect of the Company assets and financial transactions the Commission vide its letter (Ref: SEC/CFD/196/2003/Part-III /367 dated: March 22, 2022) has appointed G Kibria & Co., Chartered Accountants to conduct SPECIAL AUDIT over Intech Limited. Again, based on the last Statutory Audit Report, we found that most of the assets of Intech Ltd. disclosed by Previous management was fictitious, which was adjusted with the Retain Earnings of last FY 2020-21 and it has cumulative effect on this Quarter.''(end)
2023-03-30: Un-audited HY A/Cs
INTECH: (Quarter 2) As per un-audited half yearly accounts of Intech Limited, EPS was Tk. (0.28) for October-December 2021 as against Tk. 0.10 for October-December 2020; EPS was Tk. (0.36) for July-December 2021 as against Tk. 0.18 for July-December 2020. NOCFPS was Tk. (0.21) for July-December 2021 as against Tk. 0.49 for July-December 2020. NAV per share was Tk. 1.31 as on December 31, 2021 and Tk. 1.67 as on December 31, 2020.(cont)
2023-03-30: Cont-Un-audited Financial Statements
INTECH: (Quarter 1)(cont) has appointed G Kibria & Co., Chartered Accountants to conduct SPECIAL AUDIT over Intech Limited. Again, based on the last Statutory Audit Report we found that most of the assets of Intech Ltd. disclosed by Previous management was fictitious, which was adjusted with the Retain Earnings of last FY 2020-21. and it has cumulative effect on this Quarter. '' (end)
2023-03-30: Un-audited Financial Statements
INTECH: (Quarter 1) As per un-audited financial statements of Intech Limited, EPS was Tk. (0.14) for July-September 2021 as against Tk. 0.08 for July-September 2020. NOCFPS was Tk. (0.10) for July-September 2021 as against Tk. 0.26 for July-September 2020. NAV per share was Tk. 1.53 as on September 30, 2021 and Tk. 1.67 as on June 30, 2021. Reason of significant deviation: ''After being informing about significant irregularities and discrepancies in respect of the Company assets and financial transactions the Commission vide its letter (Ref: SEC/CFD' / 196 / 20Og / Part-III / 367 dated: March 22, 2022) (cont)
2023-03-27: Board Meeting
INTECH: Intech Limited has informed that the Board Meeting of the Company will be held on March 29, 2023 to consider, among others, un-audited financial statements of the company for the First Quarter (Q1) at 02:30 PM, Second Quarter (Q2) at 03:00 PM and Third Quarter (Q3) at 03:30 PM for the period ended September 30, 2021, December 31, 2021 and March 31, 2022 respectively.
2023-02-19: Record Date tomorrow (20.02.2023)
INTECH: Trading of the shares of Intech Limited will remain suspended on its record date i.e., 20.02.2023. Trading of the shares of the Company will resume on 22.02.2023.
2023-02-15: Spot trade from tomorrow (16.02.2023)
INTECH: Trading of the shares of Intech Limited will be allowed only in the Spot Market from 16.02.2023 to 19.02.2023 as the record date of the Company is on 20.02.2023.
2023-02-15: Approval to lease of land
INTECH: Intech Limited has informed that to mitigate current liquidity crisis of the Company, the Board of Directors has approved to provide lease of 30 acres unused land at Tarakanda, Mymensing for yearly Tk. 70,000/- per acre only to Biswas Agro Fisheries Ltd. for next 05 years from March 2023 to February 2028.
2023-02-15: Change of Close Price
INTECH: Please note that the close price of the shares of INTECH has been reset at current market price prevailing in other exchange. New close price of INTECH =Tk. 21.90.
2023-02-08: Cont3-Qualified Opinion & Emphasis of Matter
INTECH(cont3):For that reason, the management of the company made a provision as per IFRS-9 against expected loss. b. As disclosed "Property, Plant & Equipment- (ISP & IT- Schedule A)" where "Vehicle (Car)" shown in the financial statement but due to physical verification we could not trace the Vehicle (Car) and the management also made a general diary no. 1363 to Gulshan Thana against immediate past chairman to recover the vehicle (Car)."(end)
2023-02-08: Cont2-Qualified Opinion & Emphasis of Matter
INTECH(cont2):Last year (2019-2020) the company adjusted amount in Taka 27,500,000 against Invoice for delivery and installation of NFS smart card payment solutions successfully. And rest of the module of ADC software in process of installation/implementation and also software under testing phase awaiting users' acceptance. Till 2020-2021 there was no improvement/adjustment of "Advances, Deposits & Prepayments" of Tk. 44,367,926.00 and new management could not trace Alternative Delivery Channel (ADC) software amount Tk. 27,500,000.(cont3)
2023-02-08: Cont1-Qualified Opinion & Emphasis of Matter
INTECH(cont1):Emphasis of Matters: a. As disclosed in Note # 4.02 to the financial statements "Capital Work in Progress" shown amount Tk. 00.00 (Zero). According to last year audit report Capital Work in Progress amount of Tk. 71,867,926 transfer from "Advances, Deposits & Prepayments" account. This advance was made to "Solquest Limited" for providing Alternative Delivery Channel (ADC) as new business initiative through providing necessary solution, Equipment, Installation and maintenance since long.(cont2)
2023-02-08: Qualified Opinion & Emphasis of Matter
INTECH: The auditor of the Intech Limited has given the "Qualified Opinion" and "Emphasis of Matter" paragraph in the Auditor's Report for the year ended 30 June 2021. "Basis for Qualified Opinion: IFRS 16 introduces a single lessee accounting model and requires a lessee to recognize assets and liabilities for all leases with a term of more than 12 months, unless the underlying asset is of low value. A lessee is required to recognize a right-of-use asset representing its right to use the underlying leased asset and a lease liability representing its obligation to make lease payments. During the year the company has not recognized the IFRS-16 "Leases" in the Financial Statements and it is non-compliance.(cont1)
2023-01-26: CB free
INTECH: Please note that there will be no price limit today 26.01.2023 on the trading of the shares of the Company following its corporate declaration.
2023-01-26: Recommendation of Dividend
INTECH: The Board of Directors has recommended No dividend for the year ended June 30, 2021. Date of AGM: will be notified later, Time & Venue: will be notified later, Record Date: 20.02.2023. The Company has also reported EPS of Tk. (2.75), NAV per share of Tk. 1.67 and NOCFPS of Tk. (0.43) for the year ended June 30, 2021 as against Tk. (0.91) (Restated), Tk. 4.52 (Restated) and Tk. (0.11) (Restated) respectively for the same period of the previous year.
2023-01-18: Board Meeting
INTECH: Intech Limited has informed that the Board Meeting of the Company will be held on January 25, 2023 at 5:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2021.
2022-10-03: Change of Corporate Office, E-mail & website
INTECH: Intech Limited has informed that the Corporate Office, E-mail & website address of the Company has been changed. The office will be shifted from Apartment: A (1st Floor), Plot # 11/B, Block-CWS (A), Road # 30, Gulshan-1, Dhaka-1212 to its new address at Apartment#A4 (3rd Floor), House#36, Road # 25, Gulshan-1, Dhaka-1212 with effect from 1st October 2022. New email address, info@intech.com.bd and web address http://www.intech.com.bd .
2022-03-28: Change of Corporate/Share Office/ Mailing address
INTECH: Intech Limited has informed that the Corporate office/Share Office/ Mailing address of the Company will be shifted to its new address at Apartment: A (1st Floor), Plot # 11/B, Block-CWS (A), Road # 30, Gulshan-1, Dhaka-1212 with effect from 1st April 2022.
2021-11-15: Appointment of CEO
INTECH: Intech Limited has informed that has informed that Mr. Mohammad Adnan Akhtar Tony has been appointed as the Chief Executive Officer of the Company with effect from November 14, 2021.
2021-06-15: Election of the Chairman and Vice-Chairman
INTECH: Intech Limited has informed that the Board of Directors has elected Barrister Khandaker Reza-E-Raquib as the Chairman and Mr. Atiqul Alam Chowdhury as the Vice-Chairman of the Company with effect from June 15, 2021.
2021-06-15: Un-audited Financial Statements
INTECH: (Quarter 3) As per un-audited financial statements of Intech Limited, EPS was Tk. 0.01 for January-March 2021 as against Tk. 0.04 for January-March 2020; EPS was Tk. 0.19 for July 2020-March 2021 as against Tk. 0.16 for July 2019-March 2020. NOCFPS was Tk. 0.75 for July 2020-March 2021 as against Tk. 0.20 for July 2019-March 2020. NAV per share was Tk. 10.88 as on March 31, 2021 and Tk. 10.70 as on June 30, 2020.
2021-06-08: Reschedule of Board Meeting
INTECH: Intech Limited has further informed that due to unavoidable circumstances, the Board Meeting of the Company will now be held on June 14, 2021 at 3:00 PM instead of June 9, 2021 to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2021.
2021-06-06: Board Meeting
INTECH: Intech Limited has informed that the Board Meeting of the Company will be held on June 9, 2021 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2021.
2021-05-11: ScripGroup status of goTX
CSE NEWS: All concerned are hereby informed that the category of INTECH has been changed from ''Z'' to ''B'' category with effect from today May 11, 2021. Please ignore the ScripGroup of goTX, which is showing as 'Z'.
2021-05-11: Category Change
INTECH: Please note that Intech Limited has been placed in ''B'' category from existing ''Z'' category with effect from May 11, 2021 as the Company has disbursed of 1% cash dividend for the year ended on June 30, 2020. As per BSEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated October 27, 2015; the stock brokers & merchant bankers are requested not to provide loan facilities to their clients against trading of the shares of INTECH up to 30 trading days from May 11, 2021.
2021-03-09: Cont3-Auditor's Opinion
INTECH(cont3):"The project could not yet to be started due to some land related complication. Under the circumstances the plan of resort has been suspended and money against the land registered baina which took place earlier year (2015-2016) was taken back in 2016-17. The balance amount of registered baina amounting to Taka 20,000/- under process of recovery" which in our opinion is doubtful of recovery. Note 6.00 Non-Current Assets - Intech Resort Project: Balance of Non-Current Assets Intech Resort Project for the year ended on 30 June 2020 was Taka 28,652,000 and for the year ended 30 June 2019 was Taka 28,652,000."(end)
2021-03-09: Cont2-Auditor's Opinion
INTECH(cont2):The Company has not made any provision against the total overdue of Tk. 10,914,950 against the expected credit losses according to IFRS 9 Financial Instruments. Consequently, net profit and net assets reported in the statement of profit or loss and other comprehensive income and statement of financial position were overstated to that extent. Emphasis of Matter: We draw attention to the following matters in respect of which our opinion is not modified: An amount of Taka 28,652,000 has been shown as "Non-current asset-Intech resort project" for which management disclosed in the notes to the financial statements in note no. 6.00 that (cont3)
2021-03-09: Cont1-Auditor's Opinion
INTECH(cont1): During the company has not recognized the IFRS -16 "Leases" in the Financial Statements. 2. As disclosed in Note # 9 to the financial statements, trade and other receivables amounting to Tk. 75,766,730 were reported by the Company at the reporting date in the statement of financial position. Out of those balances, the amount of Tk. 10,914,950 were balances as observed from the records of the Company remained overdue for a long period of time raising significant uncertainty regarding their collectivity thus increasing the risk of default at the reporting date. (cont2)
2021-03-09: Auditor's Opinion
INTECH: The auditor of Intech Limited has given the following "Modified Opinion" and "Emphasis of Matter" in the audit report of the Company for the year ended on 30 June 2020: "Basis for Modified Opinion: 1. IFRS 16 introduces a single lessee accounting model and requires a lessee to recognize assets and liabilities for all leases with a term of more than 12 months, unless the underlying asset is low value. A lessee is required to recognize a right-of-use asset representing its right to use the underlying leased asset and a lease liability representing its obligation to make lease payments.(cont1)
2021-02-25: Record Date on 28.02.2021
INTECH: Trading of the shares of Intech Limited will remain suspended on its record date i.e., 28.02.2021. Trading of the shares of the Company will resume on 01.03.2021.
2021-02-24: Time of AGM
INTECH: Intech Limited has further informed that the 20th AGM will be held on March 22, 2021 at 10:00 AM.
2021-02-23: Change of AGM venue
INTECH: Intech Limited has further informed that the 20th AGM of the Company will be held on 22.03.2021 on Digital Platform instead of Intech Limited Corporate Head Office. Time of the AGM will be notified later.
2021-02-22: Spot trade from tomorrow (23.02.2021)
INTECH: Trading of the shares of Intech Limited will be allowed only in the Spot Market from 23.02.2021 to 25.02.2021 as the record date of the Company is on 28.02.2021.
2021-02-10: Un-audited HY A/Cs (Additional Information)
INTECH: (Quarter 2) Intech Limited has further informed that EPS was Tk. 0.10 for October-December 2020 as against Tk. 0.03 for October-December 2019.
2021-02-08: Un-audited HY A/Cs
INTECH: (Quarter 2) As per un-audited half yearly accounts of Intech Limited, EPS was Tk. 0.18 for July-December 2020 as against Tk. 0.12 for July-December 2019. NOCFPS was Tk. 0.49 for July-December 2020 as against Tk. 0.19 for July-December 2019. NAV per share was Tk. 10.88 as on December 31, 2020 and Tk. 10.82 as on December 31, 2019.
2021-02-08: Un-audited Financial Statements
INTECH: (Quarter 1) As per un-audited financial statements of Intech Intech Limited, EPS was Tk. 0.08 for July-September 2020 as against Tk. 0.09 for July-September 2019. NOCFPS was Tk. 0.26 for July-September 2020 as against Tk. 0.11 for July-September 2019. NAV per share was Tk. 10.78 as on September 30, 2020 and Tk. 10.80 as on September 30, 2019.
2021-02-08: CB free
INTECH: Please note that there will be no price limit today 08.02.2021 on the trading of the shares of the Company following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.
2021-02-08: Recommendation of Dividend
INTECH: The Board of Directors has recommended 1% cash dividend for the year ended on June 30, 2020. Date of AGM: 22.03.2021, Time: will be notified latter, Venue: Intech Limited Corporate Head Office. Record Date: 28.02.2021. The Company has also reported EPS of Tk. 0.15, NAV per share of Tk. 10.70 and NOCFPS of Tk. 0.12 for the year ended on June 30, 2020 as against Tk. 0.39, Tk. 10.70 and Tk. 0.39 respectively for the same period of the previous year.
2021-02-07: Board Meeting
INTECH: Intech Limited has informed that the Board Meeting of the Company will be held on February 7, 2021 at 3:45 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2020.
2021-02-07: Board Meeting
INTECH: Intech Limited has informed that the Board Meeting of the Company will be held on February 7, 2021 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2020.
2021-01-31: Board Meeting
INTECH: Intech Limited has informed that the Board Meeting of the Company will be held on February 7, 2021 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2020.
2020-11-01: Un-audited Financial Statements
INTECH: (Quarter 3) As per un-audited financial statements of Intech Limited, EPS was Tk. 0.16 for July 2019-March 2020 as against Tk. 1.34 for July 2018-March 2019. NOCFPS was Tk. 0.20 for July 2019-March 2020 as against Tk. 0.74 for July 2018-March 2019. NAV per share was Tk. 10.86 as on March 31, 2020 and Tk. 11.64 as on March 31, 2019.
2020-10-27: Board Meeting
INTECH: Intech Limited has informed that the Board Meeting of the Company will be held on October 29, 2020 at 2:45 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2020.
2020-09-21: Order regarding casual/stand vacant of the position of the Director(s)
INTECH: As per BSEC Order No. SEC/SRMIC/2016/1240/58 dated September 20, 2020, in exercise of the power conferred by Section 20A of the Securities and Exchange Ordinance, 1969 (Ordinance No. XVII of 1969), the Commission hereby declares casual vacancy or stand vacant of the position of Directors namely Mr. ATM Mahbubul Alam, Ms. Shadika Mahbub and Mr. Md. Anisuzzaman and directs the Board of Directors of Intech Limited to fill up the vacancy from any shareholders having 2% (two percent) or more shares of the paid up capital within 30 (thirty) working days of issuance of this Order.
2020-02-02: Un-audited HY A/Cs
INTECH: (Quarter 2) As per un-audited half yearly accounts of Intech Limited, EPS was Tk. 0.03 for October-December 2019 as against Tk. 0.50 for October-December 2018; EPS was Tk. 0.12 for July-December 2019 as against Tk. 1.26 for July-December 2018. NOCFPS was Tk. 0.19 for July-December 2019 as against Tk. 0.29 for July-December 2018. NAV per share was Tk. 10.82 as on December 31, 2019 and Tk. 10.70 as on June 30, 2019.
2020-01-27: Board Meeting
INTECH: Intech Limited has informed that the Board Meeting of the Company will be held on January 30, 2020 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2019.
2019-12-01: Cont2-Auditor's Opinion
INTECH(cont2): and for the year ended 2017-2018 was Taka 28,652,000. This represents land purchase with a view to develop and sale as resort. The project could not yet to be started due to some land related complication. Under the circumstances the plan of resort has been suspended and money against the land registered baina which took place earlier year (2015-2016) was taken back in 2016-2017. The balance amount of investment under process of recovery."(end)
2019-12-01: Cont1-Auditor's Opinion
INTECH(cont1): "The project could not yet to be started due to some land related complication. Under the circumstances the plan of resort has been suspended and money against the land registered baina which took place earlier year (2015-2016) was taken back in 2016-17. The balance amount of registered baina amounting to Taka 20,000/- under process of recovery" which in our opinion is doubtful of recovery. Note 6.00 Non-Current Assets - Intech Resort Project: Balance of Non-Current Assets Intech Resort Project for the year ended on 2018-2019 was Taka 28,652,000(cont2)
2019-12-01: Auditor's Opinion
INTECH: The auditor of Intech Limited has given the following matter of emphasis in the audit report of the Company for the year ended on 30 June 2019: "Matter of Emphasis: Without modifying our opinion we draw attention to the matter described below: a) Calculation of Deferred tax and provision for current tax is not in accordance with IAS 12 "Income Taxes". b) An amount of Taka 28,652,000 has been shown as "Non-current asset-Intech resort project" for which management disclosed in the notes to the financial statements in note no. 6.00 that(cont1)
2019-11-24: Change of AGM Date
INTECH: Intech Limited has further informed that due to unavoidable circumstances, the 19th AGM of the Company will now be held on December 24, 2019 instead of earlier declared date December 09, 2019. Other information will remain unchanged.
2019-11-24: Address Change of Registered Office and Corporate Office
INTECH: Intech Limited has informed that the Registered Office of the Company will be shifted to its new address at Intech Limited, 3/1-E, Purana Paltan, Dhaka-1000 and new address of Corporate Office of the Company at Intech Limited, Suit-C4, House-25, Road- 47, Gulshan - 2, Dhaka - 1212.
2019-11-21: Record Date on 24.11.2019
INTECH: Trading of the shares of Intech Limited will remain suspended on its record date i.e., 24.11.2019. Trading of the shares of the Company will resume on 25.11.2019.
2019-11-17: Un-audited Financial Statements
INTECH: (Quarter 1) As per un-audited financial statements of Intech Intech Limited, EPS was Tk. 0.09 for July-September, 2019 as against Tk. 0.85 for July-September, 2018; NOCFPS was Tk. 0.11 for July-September, 2019 as against Tk. 0.75 for July-September, 2018. NAV per share was Tk. 10.80 as on September 30, 2019 and Tk. 12.29 as on September 30, 2018.
2019-11-12: Board Meeting
INTECH: Intech Limited has informed that the Board Meeting of the Company will be held on November 14, 2019 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2019.
2019-11-07: Shifting of Spot date, Record date and Trading suspension
INTECH: As per consent of BSEC, trading of the shares shall be suspended from 07.11.2019 and 11.11.2019, Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle from 06.11.2019 and 12.11.2019 to 21.11.2019 instead of 06.11.2019 to 19.11.2019 Trading of the shares of the Company will remain suspended on record date i.e., 24.11.2019 instead of 20.11.2019.
2019-11-05: Spot trade from tomorrow (06.11.2019)
INTECH: Trading of the shares of Intech Limited will be allowed only in the Spot Market from 06.11.2019 to 19.11.2019 as the record date of the Company is on 20.11.2019.
2019-10-29: Category change
INTECH: Please note that Intech Limited will be placed in ''Z'' category from existing ''A'' category with effect from October 30, 2019 as the Company has reported that no dividend for the year ended on June 30, 2019. As per SEC Directive No. SEC/CMRRCD/2001-43/169 dated October 01, 2009; the stock brokers & merchant bankers are requested not to provide loan facilities to their clients against trading of the shares of INTECH from October 30, 2019.
2019-10-29: CB free
INTECH: Please note that there will be no price limit today 29 October 2019 on the trading of shares of the Company following its corporate disclosure.
2019-10-29: Recommendation of No Dividend
INTECH: The Board of Directors has recommended No dividend for the year ended on June 30, 2019. Date of AGM: 09.12.2019, Time: 10:00 AM, Venue: RAOWA Convention Hall (Eagle Hall), VIP Road, Mohakhali, Dhaka. Record Date: 20.11.2019. The Company has also reported EPS of Tk. 0.39, NAV per share of Tk. 10.70 and NOCFPS of Tk. 0.39 for the year ended on June 30, 2019 as against Tk. 1.25, Tk. 11.44 and Tk. 2.00 respectively for the same period of the previous year.
2019-10-22: Board Meeting
INTECH: Intech Limited has informed that the Board Meeting of the Company will be held on October 28, 2019 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2019.
2019-01-31: Un-audited HY A/Cs
INTECH: (Quarter 2) As per un-audited half yearly accounts of Intech Limited, EPS was Tk. 1.40 for July-December 2018 as against Tk. 0.01 for July-December 2017. NOCFPS was Tk. 0.29 for July-December 2018 as against Tk. (0.22) for July-December 2017. NAV per share was Tk. 12.84 as on December 31, 2018 and Tk. 11.21 as on December 31, 2017.
2019-01-27: Board Meeting
INTECH: Intech Limited has informed that the Board Meeting of the Company will be held on January 30, 2019 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2018.
2019-01-22: Correction-Bonus Shares Credited
INTECH(correction): Intech Limited has informed that the Bonus Shares of the Company for the year ended on June 30, 2018 have already been credited through CDBL to the respective shareholders' BO A/Cs on 21 January 2019.
2019-01-22: Bonus Shares Credited
INTECH: Intech Limited has informed that the Bonus Shares of the Company for the year ended on June 30, 2018 have already been credited through CDBL to the respective shareholders' BO A/Cs on 21 January 2018.
2018-11-29: Change of AGM Date
INTECH: Intech Limited has further informed that due to unavoidable circumstances, the AGM of the Company will now be held on December 23, 2018 instead of earlier declared date December 13, 2018. Other information of the earlier disclosure will remain unchanged.
2018-11-19: Ex-benefit Price Adjustments
INTECH: Please note that the price of the shares of INTECH is adjusted today following its ex-benefits date to the extent of its corporate benefits; hence the price limit on the scrip will remain as it is today. Therefore, adjusted price of INTECH =Tk 60.30.
2018-11-15: Record Date on 18.11.2018
INTECH: Trading of the shares of Intech Limited will remain suspended on its record date i.e., 18.11.2018. Trading of the shares of the Company will resume on 19.11.2018.
2018-11-15: Un-audited Financial Statements
INTECH: (Quarter 1) As per un-audited financial statements of Intech Intech Limited, EPS was Tk. 0.85 for July-September, 2018 as against Tk. (0.09) for July-September, 2017; NOCFPS was Tk. 0.75 for July-September, 2018 as against Tk. 0.01 for July-September, 2017. NAV per share was Tk. 12.29 as on September 30, 2018 and Tk. 11.12 as on September 30, 2017. Due to cost control and increase of revenue EPS changed significantly.
2018-11-13: Spot trade from tomorrow (14.11.2018)
INTECH: Trading of the shares of Intech Limited will be allowed only in the Spot Market from 14.11.2018 to 15.11.2018 as the record date of the Company is on 18.11.2018.
2018-11-08: Board Meeting
INTECH: Intech Limited has informed that the Board Meeting of the Company will be held on November 14, 2018 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2018.
2018-10-29: CB free
INTECH: Please note that there will be no price limit today 29 October 2018 on the trading of shares of the Company following its corporate disclosure.
2018-10-29: Recommendation of Dividend
INTECH: The Board of Directors has recommended 11% stock dividend for the year ended on June 30, 2018. Date of AGM: 13.12.2018, Time: 10:00 AM, Venue: RAOWA Convention Hall (Eagle Hall), VIP Road, Mohakhali, Dhaka. Record Date: 18.11.2018. The Company has also reported EPS of Tk. 1.25, NAV per share of Tk. 11.44 and NOCFPS of Tk. 2.00 for the year ended on June 30, 2018 as against Tk. 1.09, Tk. 11.20 and Tk. 1.01 respectively for the same period of the previous year.
2018-10-21: Board Meeting
INTECH: Intech Limited has informed that the Board Meeting of the Company will be held on October 28, 2018 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2018.
2018-10-01: Cont-Financial Impact on Commercial Agreements
INTECH(cont): Commensurate with increased Sales volume, Intech's Commission will be 50% of higher Commission entitlement up to 12% AWS spend. AWS Professional and Managed Services: Turnover 30% of AWS Spend Tk. 10.00 crore: Tk. 3.00 crore and Intech's Share of Margin (30% of Tk. 3.00 crore): Tk. 90.00 lac. (b) Ranial Systems Inc. USA: Expected Annual Turnover (1st year): Tk. 10.00 crore, Expected Net profit on Turnover @ 20%: Tk. 2.00 crore and Intech's Share of Net Profit (50%): Tk. 1.00 crore.(end)
2018-10-01: Financial Impact on Commercial Agreements
INTECH: In response to a DSE query regarding clarification on price sensitive information disseminated on 16.09.2018, Intech Limited has replied that the Expected amount of Investment with Minfy Technologies Private Limited, India is Tk. 4.00 crore initially and Expected amount of Investment with Ranial Systems Inc., Somerset, USA is Tk. 4.00 crore initially. Expected Financial Impact in terms of Monetary value to Company's earnings and profitability as follows: a) Amazon Web Services (AWS) infrastructure: Expected Annual AWS spend: Tk. 10.00 crore and Intech's Commission/fee (50% of 7% of Tk. 10.00 crore): Tk. 35.00 lac in 1st year. Expected annual growth of Operation: 2nd Year 80% and 3rd Year 100%.(cont)
2018-09-25: Record Date tomorrow (26.09.2018)
INTECH: Trading of the shares of Intech Limited will remain suspended on its record date i.e., 26.09.2018. Trading of the shares of the Company will resume on 27.09.2018 for EGM.
2018-09-24: Venue & Date of 5th EGM
INTECH: With reference to their earlier news disseminated by CSE on 06 September 2018, Intech Limited has further informed that due to unavoidable circumstances, the 5th EGM of the Company will be held on 21 October 2018 instead of 18 October 2018 at 10:00 AM at RAOWA Convention Hall (Eagle Hall). Other information of the EGM will remain unchanged.
2018-09-23: Spot trade from tomorrow (23.09.2018)
INTECH: Trading of the shares of Intech Limited will be allowed only in the Spot Market from 24.09.2018 to 25.09.2018 as the record date of the Company is on 26.09.2018 for EGM.
2018-09-16: Signing Commercial Agreements
INTECH: With reference to their earlier news (disseminated by CSE on September 06, 2018) Intech Limited has further informed that it has signed 'Exclusive Commercial Agreement ' with Minfy Technologies Private Limited, India to provide Amazon Web Services in Bangladesh on exclusive basis with their collaboration and support. The Company has further informed that it has signed a 'detailed Commercial Agreement ' with Ranial Systems Inc., Somerset, USA, for working together for pursuing different financially rewarding businesses in, specially, IT/IT enabled services, computer software/hardware, internet of things (IOT), Managed services, ERP, Intelligent Energy Management, Strategic Consulting and co-innovation, vertical applications etc.
2018-09-06: Cont-EGM Notice to raise Authorized Capital & proposal for fresh investment
INTECH:(cont) ii) Fresh investment by NRB Telecom Limited & its associates to the tune of Tk. 30.50 crore against issuance of shares at par value through envisaged Placement share issue in the capital portfolio of the company intended for raising capital fund for BMRE of the projects/long term business activities of the Company. Signing of Agreement: Intech Limited & 6d Technologies, India, are going to sign a detailed Commercial Agreement, Intech Limited & NRB Telecom Limited are going to sign a detailed Commercial Agreement, Intech Limited & Minfy Technologies Private Limited, India, are going to sign a detailed commercial Agreement, Intech Limited & Ranial Systems Inc., USA, are going to sign a detailed Commercial Agreement.(end)
2018-09-06: EGM Notice to raise Authorized Capital & proposal for fresh investment
INTECH: Intech Limited has informed that the Board has taken decision to conduct an EGM to increase the Authorized Capital of the Company from Tk. 60.00 crore to Tk. 120.00 crore. EGM will be held on 18 October 2018 at 10:00 AM. Venue of the EGM will be notified later. Record date for EGM is on 26 September 2018. The Board has also taken some proposal for fresh investments: i) Fresh investment by the Sponsors/Shareholder-Directors of Tk. 23.50 crore against issuance of shares at par value through envisaged Private Placement share issue in the capital portfolio of the Company intended for raising capital fund for BMRE of the projects/long term business activities of the Company.(cont)
CSE News
©2024 Chittagong Stock Exchange PLC. All rights reserved.