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BSRMSTEEL

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BSRMSTEEL 03-Feb-2016

As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on February 10, 2016 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2015.

BSRMSTEEL 26-Jan-2016

With reference to their earlier news disseminated by DSE on December 29 and 30, 2015 the Company has further informed that they have revised the PSI in the following manner: "The Board of Directors of BSRM Steels Limited has confirmed that the BSEC has approved to issue Zero Coupon Bond for Tk. 245,05,92,000.00 only to meet the capital expenditure/refinancing of costly loans and equity investment in the power project of BSRM Group of Companies. Face value of each bond is BDT Tk. 1,000.00 only".

BSRMSTEEL 08-Dec-2015

The Company has further informed that the Board of Directors has declared to start its commercial production with enhanced capacity after successful completion of BMRE works, with effect from December 07, 2015.

BSRMSTEEL 15-Nov-2015

The Company has informed the Board of Directors has decided that the mill will go for shut down for about 20 to 25 days from November 15, 2015 to complete the BMRE works i.e. to increase the production capacity from 6,00,000 metric ton to 7,00,000 metric ton.

BSRMSTEEL 12-Oct-2015

As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on October 17, 2015 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the period ended on September 30, 2015.

BSRMSTEEL 12-Jul-2015

The Company has informed that the Board of Directors of the Company has decided to issue Zero Coupon Bond of Tk. 2,000.00 million subject to the approval from the Bangladesh Securities and Exchange Commission. The proceeds will be used for capital expenditure/ refinancing of costly loans and equity investment in the power project of BSRM Group of Companies.

BSRMSTEEL 01-Apr-2015

The Board of Directors has recommended 15% cash dividend for the year ended on December 31, 2014. Date of AGM: 15.06.2015, Time: 10:30 AM, Venue: The Institution of Engineers Bangladesh, Chittagong Center, S.S. Khaled Road, Chittagong. Record date: 12.04.2015. The Company has also reported consolidated net profit of Tk. 1,239.22 million, consolidated EPS of Tk. 3.63, consolidated NAV per share of Tk. 25.34 and consolidated NOCFPS of Tk. (8.16) for the year ended on December 31, 2014.

BSRMSTEEL 30-Mar-2015

As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will be held on March 31, 2015 at 5:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2014.

BSRMSTEEL 15-Mar-2015

The Company has informed that the Board of Directors of the Company has decided to purchase 335.45 decimal land at Chapatoli & Kaudala, Bandar, Narayanganj for construction of its warehouse. The approximate cost to purchase the land will be Tk. 11.30 crore. The cost of construction of the warehouse will be approximately Tk. 50.00 crore.

BSRMSTEEL 02-Mar-2014

The Company has informed that the Board of Directors of the Company has decided to increase the capacity of the mill to 700,000 metric ton per annum to meet the country's growing demand for BSRM Xtreme 500W re-bars. A feasibility study for enhancing the capacity has been conducted and agreements with suppliers have been signed for supplying and commissioning of the machineries. The approximate cost to complete the modernization scheme will be Tk. 45.00 crore. The modernization work is expected to be completed by July, 2015.

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