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PROGRESLIF

All Eps Dividend Board Agm Q1 Q2 Q3

PROGRESLIF 17-Feb-2020

(Continuation news of PROGRESLIF): resulting in violation of that particular IFRS. If Galaxy Capital Ltd. had been consolidated, elements in the accompanying financial statements would have been materially affected. In its Emergency Board Meeting no. 148, dated January 24, 2019, the board of PLICL has decided to withdraw its investment of BDT 30,855,000 from Galaxy Capital Ltd. Subsequently in 2019, PLICL has collected its entire investment of BDT 30,855,000 from Galaxy Capital Ltd.; (cont. 2)

PROGRESLIF 03-Dec-2019

The Board of Directors has recommended No dividend for the year ended on December 31, 2016 and December 31, 2017. The Board of Directors has also recommended 12% stock dividend for the year ended on December 31, 2018. Date of AGM: 02.02.2020, Time: 11:00 AM for the year of 2016, 2017 and 2018. Venue: Dhaka Ladies Club, 36, Eskaton Garden Road, Ramna, Dhaka - 1000. Record Date: 08.01.2020 for the year of 2016, 2017 and 2018.

PROGRESLIF 25-Nov-2019

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 December 02, 2019 at 3:30 PM to consider, among others, audited financial statements of the Company for the years ended on December 31, 2016, 2017 and 2018 as per judgment and order of the Honorable High Court.

PROGRESLIF 26-Sep-2019

The Company has informed that the Board of Directors of the Company has elected Mr. Zakariya Ahad as the Chairman and Mr. Mezanur Rahman as the Vice chairman of the Company.

PROGRESLIF 02-Sep-2019

(Continuation news of PROGRESLIF): v) The Company has paid loan to Galaxy Capital Limited on various dates in order to expedite the operational work. But they could not provide us any approval from relevant authority indicating violation of Insurance Act 2010 Section 44 (3) or agreement related to this loan payment except a resolution of board meeting held on 24 December 2012. Apart from this, accrued interest of loan provided to Galaxy Capital Limited has not been considered for 2015. (cont. 6)

PROGRESLIF 02-Sep-2019

(Continuation news of PROGRESLIF): BFRS 10-'Consolidated Financial Statements' resulting in violation of that particular BFRS. v) The Company has paid loan to Galaxy Capital Limited on various dates in order to expedite the operational work. But they could not provide us any approval from relevant authority indicating violation of Insurance Act 2010 Section 44 (3) or agreement related to this loan payment except a resolution of board meeting held on 24 December 2012. (cont. 6)

PROGRESLIF 02-Sep-2019

(Continuation news of PROGRESLIF): Emphasis of matter: Without qualifying the report, we draw the attention to the note 5 to the accompanying financial statements explaining the facts of adjustments of Taka 1,142,175,535 (Prior year adjustments Taka 1,142,175,535 apart from other adjustments) with the opening balance of life insurance fund during the year under audit, as decided by the Board of Directors in its 142nd meeting held on 1 April 2017. (cont. 8)

PROGRESLIF 02-Sep-2019

(Continuation news of PROGRESLIF): v) The Company has paid loan to Galaxy Capital Limited on various dates in order to expedite the operational work. But they could not provide us any approval from relevant authority indicating violation of Insurance Act 2010 Section 44 (3) or agreement related to this loan payment except a resolution of board meeting held on 24 December 2012. Apart from this, accrued interest of loan provided to Galaxy Capital Limited has not been considered for 2013. (cont. 6)

PROGRESLIF 28-Jul-2019

The Board of Directors has recommended No dividend for the year ended on December 31, 2013 and December 31, 2014. The Board of Directors has also recommended 5% cash and 5% stock dividend for the year ended on December 31, 2015. Date of AGM: 12.09.2019, Time: 11:00 AM, for 2013, 2014 and 2015. Venue: Institution of Diploma Engineers Bangladesh (IDEB), 160/A, Kakrail, VIP Road, Dhaka-1000. Record Date: 22.08.2019, for 2013, 2014 and 2015.

PROGRESLIF 18-Jul-2019

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 July 25, 2019 at 3:30 PM to consider, among others, audited financial statements of the Company for the years ended on December 31, 2013, 2014 and 2015 as per judgment of the Honorable High Court.

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