Appollo Ispat Complex LimitedAPOLOISPATCategory Z

News & announcements

• Mon, 3rd February 2025 11:39 am
  Qualified Opinion, Going Concern and Other Matters

  The auditor of the company has given the "Qualified Opinion", "Going Concern" and "Other Matters" paragraph in the auditor's report of the company for the year ended June 30, 2022. To view the details please visit: https://www.dsebd.org/Auditors_opinion/2024/APOLOISPAT_2022.pdf
• Thu, 9th January 2025 10:24 am
  Disclaimer of Opinion & Report on Other Legal and Regulatory Req.

  The auditor of the company has given the "Disclaimer of Opinion" and "Report on Other Legal and Regulatory Requirements" paragraphs in the Auditor's Report of the company for the year ended June 30, 2023. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2023/APOLOISPAT_2023.pdf
• Tue, 7th January 2025 04:32 pm
  Qualified Opinion, Going Concern and Other Matter

  The auditor of the company has given the "Qualified Opinion", "Going Concern" and "Other Matter" paragraphs in the Auditor's Report of the company for the year ended June 30, 2021. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2024/APPOLLOISPAT_2024.pdf
• Sun, 29th December 2024 04:32 pm
  Qualified Opinion

  The auditor of the company has given the "Qualified Opinion" paragraph in the auditor?s report for the year ended June 30, 2020. To view the details please visit: https://www.dsebd.org/Auditors_opinion/2024/AppolloIspat_2020.pdf
• Tue, 24th December 2024 10:04 am
  Dividend declaration (additional information)

  Refer to the earlier news disseminated by DSE on November 21, 2024, regarding the board's approval of financial statements and AGM schedule, the company has further informed that the Board of Directors recommended No Dividend for the financial years ending June 30, 2020, 2021, 2022, and 2023, which was subsequently approved in the 26th to 29th AGMs of the company held on December 19, 2024.
• Thu, 28th November 2024 12:35 pm
  Spot News

  Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle from 01.12.2024 to 03.12.2024 and trading of the shares will remain suspended on record date i.e., 04.12.2024.
• Sun, 24th November 2024 02:19 pm
  Regarding change in AGM Venue

  Refer to their earlier news disseminated by DSE on 21.11.2024 regarding Board Approval of Financial Statements and AGM Schedule for the year 2019-2023, the company has further informed that the Venue of the AGM will be Appollo Ispat Complex Limited Factory Premises: Shimrail, Siddhirganj, Narayanganj instead of earlier declared venue 407, Tejgaon Industrial Area (8th Floor), Phoenix Tower, Dhaka-1208.
• Thu, 21st November 2024 10:09 am
  Board Approves Financial Statements & AGM Schedule for 2019-2023

  The Board of Directors of the company has approved the audited financial statements of the company for the financial year 2023. However, the company did not provide any information regarding dividend declaration for the FY 2020, 2021, 2022 & 2023. Additionally, the Board has resolved to hold the AGMs for the financial years 2019, 2020, 2021, 2022 and 2023 in compliance with the directions provided by Honorable Supreme Court of Bangladesh, subject to the following decisions: (cont.1)
• Thu, 21st November 2024 10:09 am
  Board Approves Financial Statements & AGM Schedule for 2019-2023

  (cont. news of APOLOISPAT): Data and Time of AGM: 19.12.2024 at 3:00 PM. Platform of AGM: 407, Tejgaon Industrial Area (8th Floor), Phoenix Tower, Dhaka-1208. Record date: 04.12.2024. Key Financial Indicators prevailed as under: 2019: NAVPS of Tk. 17.30, EPS of Tk. (2.31), NOCFPS of Tk. (1.69). Key Financial Indicators prevailed as under: 2020: NAVPS of Tk. 15.34, EPS of Tk. (1.95), NOCFPS of Tk. (0.048). (cont.2)
• Thu, 21st November 2024 10:09 am
  Board Approves Financial Statements & AGM Schedule for 2019-2023

  (cont. news of APOLOISPAT): Key Financial Indicators prevailed as under: 2021: NAVPS of Tk. 3.80, EPS of Tk. (11.54), NOCFPS of Tk. (0.22). Key Financial Indicators prevailed as under: 2022: NAVPS of Tk. 1.51, EPS of Tk. (2.29), NOCFPS of Tk. (0.180). Key Financial Indicators prevailed as under: 2023: NAVPS of Tk. 0.70, EPS of Tk. (0.82), NOCFPS of Tk. 0.25. (end)
• Thu, 17th August 2023 10:04 am
  Regarding operational and financial status of the company

  The company has informed, among others, that their factory is out of production for the last two years. The company has also informed that they have huge financial burden, which is approximately BDT 900 crore (including penal interest) and other outside liabilities of BDT 200 crore.
• Sun, 25th June 2023 10:05 am
  Category Change

  The Company will be placed in 'Z' category from existing 'B' category with effect from today i. e. June 25, 2023 due to non-compliance of provision 1 of BSEC Order No. SEC/CMRRCD/2009-193/08 dated September 1, 2020.
• Sun, 25th June 2023 10:05 am
  Prohibition on providing loan facilities to purchase securities

  The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase security of Appollo Ispat Complex Limited with effect from today i. e. June 25, 2023 as per BSEC Directive No. BSEC/CMRRCD/2009-193/32 dated December 26, 2021.
• Thu, 24th June 2021 04:02 pm
  Credit Rating Result

  Credit Rating Agency of Bangladesh Limited (CRAB) has announced the entity rating of the Company as "BB1" in the long term and "ST-4" in the short term along with a stable outlook based on management prepared financial statements of the Company up to 2020, bank liability (May 31, 2021) and other relevant quantitative and qualitative information up to the date of rating declaration.
• Sun, 20th December 2020 10:05 am
  Postponement of the AGM

  The Company has further informed that the AGM scheduled to be held on December 31, 2020 has been postponed until order from the Honorable High Court. The new date and time of the AGM will be notified later.