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CSE news on DGIC

2023-10-30: Un-audited Financial Statements

DGIC: (Quarter 3) As per the un-audited financial statements of the Company, EPS was Tk. 0.31 for July-September, 2023 as against Tk. 0.26 for July-September, 2022; EPS was Tk. 1.01 for January-September, 2023 as against Tk. 1.09 for January-September, 2022. NOCFPS was Tk. 0.38 for January-September, 2023 as against Tk. 0.46 for January-September, 2022. NAV per share was Tk. 11.87 as on September 30, 2023 and Tk. 11.36 as on December 31, 2022.

2023-10-25: Board Meeting

DGIC: Desh General Insurance Co. Limited has informed that the Board Meeting of the Company will be held on October 29, 2023, at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2023.

2023-10-04: Cash Dividend Disbursement

DGIC: Desh General Insurance Company Limited has informed that it has disbursed the Cash Dividend for the year ended December 31, 2022 to the respective shareholders.

2023-09-27: Query Response

DGIC: In response to a DSE query dated September 21, 2023, Desh General Insurance Company Limited has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike and increase in volume of shares.

2023-08-29: Category Change

DGIC: Desh General Insurance Company Limited has been placed in 'B' category from existing 'A' category with effect from August 29, 2023 as the Company has approved 5% Cash dividend for the year ended on December 31, 2022.

2023-07-31: Special Business for the 23rd AGM

DGIC: Desh General Insurance Company Limited has informed that the Board of Directors of the Company has approved Over-Utilization of IPO Expenses of TK. 33,79,742.00(Thirty three lac seventy nine thousand seven hundred and forty two taka) and decided to place the same matter at the ensuing Annual General Meeting as a special business for final approval by the public shareholders with Simple Majority.

2023-07-30: Un-audited HY A/Cs

DGIC: (Quarter 2) As per un-audited half yearly accounts of Desh General Insurance Company Limited, EPS was Tk. 0.34 for April-June 2023 as against Tk. 0.31 for April-June 2022; EPS was Tk. 0.70 for January-June 2023 as against Tk. 0.83 for January-June 2022. NOCFPS was Tk. 0.03 for January-June 2023 as against Tk. 0.26 for January-June 2022. NAV per share was Tk. 12.05 as on June 30, 2023 and Tk. 12.15 as on June 30, 2022.

2023-07-20: Board Meeting

DGIC: Desh General Insurance Company Limited has informed that the Board Meeting of the Company will be held on July 27, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2023.

2023-07-19: Credit Rating

DGIC: Alpha Credit Rating Limited (AlphaRating) has rated Desh General Insurance Company Limited as ''AA'' in the long term and ''ST-2'' in the short term along with a stable outlook based on audited financial statements of the Company as on December 31, 2022 and relevant qualitative information till July 18, 2023.

2023-07-02: Record Date tomorrow (03.07.2023)

DGIC: Trading of the shares of Desh General Insurance Company Ltd. will remain suspended on its record date i.e., 03.07.2023. Trading of the shares of the Company will resume on 04.07.2023.

2023-06-25: Spot trade from tomorrow (26.06.2023)

DGIC: Trading of the shares of Desh General Insurance Company Ltd. will be allowed only in the Spot Market from 26.06.2023 to 02.07.2023 as the record date of the Company is on 03.07.2023.

2023-06-04: Cont-Emphasis of Matter

DGIC(cont):These amounts are not reconciled with SBC as on the reporting date. 02. Management expense of the company for the year has been exceeded the limit as mentioned in Section 63 of the Insurance Act 2010: Limitation of expenses of management in non-life insurance business. 03. Provision for the Workers Profit Participation Fund (WPPF) has been recognized by the company. However, the amount has not been distributed yet as per the Labor Act 2006 as amended in 2013."(end)

2023-06-04: Emphasis of Matter

DGIC: The auditor of Desh General Insurance Company Limited has given the "Emphasis of Matter" paragraphs in the Auditor's Report for the year ended on December 31, 2022. "Emphasis of Matter: Without modifying our opinion, we draw attention to the following matters: 01. Reference to the Note no. 22 and 28 of the financial statements, amounting to BDT 67,267,662.00 and 366,849,783.00 have been recognized by Desh General Insurance Company Limited as amount due to and due from Sadharan Bima Corporation (SBC) as on 31 December 2022.(cont)

2023-05-30: Cont-Updating information

DGIC: (cont) The Company has also requested the Shareholders to update their respective BO Accounts with 12 Digit Taxpayer's Identification Number (TIN), bank account, mailing address, email address and cell number through their respective Depository Participant (DP) before the 'Record Date'. Tax Deduction at Source @15% (instead of 10%) will be made from the eligible cash dividend amount as per IT Ordinance 1984 u/s 54, if any individual fails to update his/her BO Account with the 12 Digit TIN before the Record Date.(end)

2023-05-30: Updating information

DGIC: Desh General Insurance Company Limited has requested all the Stock Brokerage Houses who are holding the DGIC shares to provide with the hard copy of their margin holders' list with names, shareholdings, e-TIN as on record date (03.07.23) to the Board & Share Department of the Company as well as e-mail to cs@deshinsurancebd.com by July 20, 2023 as per BSEC Notification No. SEC/CMRRCD/2009-193/169 Dated May 14th, 2015. (cont)

2023-05-30: Un-audited Financial Statements

DGIC: (Quarter 1) As per un-audited financial statements of Desh General Insurance Company Limited, EPS was Tk. 0.36 for January-March 2023 as against Tk. 0.50 for January-March 2022. NOCFPS was Tk. (0.49) for January-March 2023 as against Tk. 0.22 for January-March 2022. NAV per share was Tk. 11.71 as on March 31, 2023 and Tk. 11.82 as on March 31, 2022.

2023-05-30: CB free

DGIC: Please note that there will be no price limit today 30.05.2023 on the trading of the shares of the Company following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/39 dated July 28, 2022, the floor price shall be applicable accordingly.

2023-05-30: Recommendation of Dividend

DGIC: The Board of Directors has recommended 5% cash dividend for the year ended on December 31, 2022. Date of AGM: 28.08.2023, Time: 11:00 AM, Venue: Digital Platform. Record Date: 03.07.2023. The Company has also reported EPS of Tk. 1.04, NAV per share of Tk. 11.36 and NOCFPS of Tk. 1.49 for the year ended on December 31, 2022 as against Tk. 1.24, Tk. 11.32 and Tk. 0.81 respectively for the same period of the previous year.

2023-05-23: Board Meeting

DGIC: Desh General Insurance Company Limited has informed that the Board Meeting of the Company will be held on May 29, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2023.

2023-05-23: Board Meeting

DGIC: Desh General Insurance Company Limited has informed that the Board Meeting of the Company will be held on May 29, 2023 at 3:00 PM to consider, among others, audited financial statements of the company for the year ended December 31, 2022.

2022-10-30: Un-audited Financial Statements

DGIC: (Quarter 3) As per un-audited financial statements of Desh General Insurance Company Limited, EPS was Tk. 0.26 for July-September, 2022 as against Tk. 0.27 for July-September, 2021; EPS was Tk. 1.09 for January-September, 2022 as against Tk. 0.99 for January-September, 2021. NOCFPS was Tk. 0.46 for January-September, 2022 as against Tk. 0.37 for January-September, 2021. NAV per share was Tk. 11.40 as on September 30, 2022 and Tk. 11.26 as on September 30, 2021.

2022-10-24: Board Meeting

DGIC: Desh General Insurance Company Limited has informed that the Board Meeting of the Company will be held on October 27, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2022.

2022-09-21: Query Response

DGIC: In response to a DSE query dated September 18, 2022, Desh General Insurance Company Limited has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike and increase in volume of shares.

2022-08-01: Cash Dividend Disbursement

DGIC: Desh General Insurance Company Limited has informed that it has disbursed the cash dividend for the year ended on December 31, 2021 to the respective bank accounts of the shareholders and margin accountholders directly through BEFTN system on July 28, 2022. Shareholders with incomplete bank details are entitled to receive the said cash dividend through Dividend Warrant which are sent at their address by courier service.

2022-07-12: Un-audited HY A/Cs

DGIC: (Quarter 2) As per un-audited half yearly accounts of Desh General Insurance Company Limited, EPS was Tk. 0.31 for April-June 2022 as against Tk. 0.29 for April-June 2021; EPS was Tk. 0.83 for January-June 2022 as against Tk. 0.72 for January-June 2021. NOCFPS was Tk. 0.26 for January-June 2022 as against Tk. 0.22 for January-June 2021. NAV per share was Tk. 12.15 as on June 30, 2022 and 11.87 as on June 30, 2021.

2022-07-03: Board Meeting

DGIC: Desh General Insurance Company Limited has informed that the Board Meeting of the Company will be held on July 07, 2022 at 2:45 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2022.

2022-06-22: Credit Rating

DGIC: Alpha Credit Rating Limited (AlphaRating) has rated Desh General Insurance Company Limited as ''AA'' in the long term and ''ST-2'' in the short term along with a stable outlook based on audited financial statements of the Company as on December 31, 2021 and relevant qualitative information till June 20, 2022.

2022-05-31: Record Date tomorrow 01.06.2022

DGIC: Trading of the shares of Desh General Insurance Company Ltd. will remain suspended on its record date i.e., 01.06.2022. Trading of the shares of the Company will resume on 02.06.2022.

2022-05-29: Spot trade from tomorrow (30.05.2022)

DGIC: Trading of the shares of Desh General Insurance Company Ltd. will be allowed only in the Spot Market from 30.05.2022 to 31.05.2022 as the record date of the Company is on 01.06.2022.

2022-05-17: Un-audited Financial Statements (revised)

DGIC: In reference to the earlier news regarding Un-audited Financial Statements (Quarter 1) disseminated by CSE on 28.04.2022 and 16.05.2022, Desh General Insurance Company Limited has further informed that EPS of the Company would be 0.50 instead of 0.48 for January-March 2022. Other information will remain unchanged.

2022-05-16: Un-audited Financial Statements (revised)

DGIC: In reference to the earlier news regarding Un-audited Financial Statements (Quarter 1) disseminated by CSE on 28.04.2022, Desh General Insurance Company Limited has further informed that EPS of the Company would be 0.49 instead of 0.48 for January-March 2022. Other information will remain unchanged.

2022-05-11: Emphasis of Matter

DGIC: The auditor of the Desh General Insurance Company Limited has given the "Emphasis of matter" paragraph in the audited financial statements for the year ended December 31, 2021. "Emphasis of Matter: We draw attention to the fact disclosed in note no. 26. Note No. 26.00 Investment (At Cost): Govt. Security Bond: Balance of Investment (At Cost): Govt. Security Bond as at 31 December 2021 and as at 31 December 2020 was BDT 25,000,000 and was BDT 25,000,000 respectively. As per SRO No.-353-AIN/2019, dated: 14.11.2019, every non-life insurance company should invest 7.5% of its assets to govt. treasury bond. The company invested Tk. 25,000,000 which is 3% of the assets. However, Management have taken initiative to comply the said SRO."

2022-04-28: Un-audited Financial Statements

DGIC: (Quarter 1) As per un-audited financial statements of Desh General Insurance Company Limited, EPS was Tk. 0.48 for January-March 2022 as against Tk. 0.44 for January-March 2021. NOCFPS was Tk. 0.22 for January-March 2022 as against Tk. 0.26 for January-March 2021. NAV per share was Tk. 11.82 as on March 31, 2022 and Tk. 11.32 as on December 31, 2021.

2022-04-28: CB free

DGIC: Please note that there will be no price limit today 28.04.2022 on the trading of the shares of the Company following its corporate declaration.

2022-04-28: Recommendation of Dividend

DGIC: The Board of Directors has recommended 10% cash dividend for the year ended on December 31, 2021. Date of AGM: 07.07.2022, Time: 11:00 AM, Venue: Digital Platform. Record Date: 01.06.2022. The Company has also reported EPS of Tk. 1.24, NAV per share of Tk. 11.32 and NOCFPS of Tk. 0.81 for the year ended on December 31, 2021 as against Tk. 1.51, Tk. 11.93 and Tk. 2.08 respectively for the same period of the previous year.

2022-04-27: Board Meeting

DGIC: Desh General Insurance Company Limited has informed that the Board Meeting of the Company will be held on April 27, 2022 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2022.

2022-04-27: Board Meeting

DGIC: Desh General Insurance Company Limited has informed that the Board Meeting of the Company will be held on April 27, 2022 at 2:30 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2021.

2022-02-15: Appointment of CEO

DGIC: Desh General Insurance Company Limited has informed that Insurance Development and Regulatory Authority (IDRA) has approved the appointment of Ms. Mohammodi Khanam as the Chief Executive Officer of the Company.

2021-10-28: Cash Dividend Disbursement

DGIC: Desh General Insurance Company Limited has informed that it has disbursed the cash dividend for the year ended on December 31, 2020 to the respective shareholders.

2021-10-28: Category Change

DGIC: Desh General Insurance Company Limited will be placed in ''A'' category from existing ''N'' category with effect from October 31, 2021 as the Company has reported disbursement of 10% cash dividend for the year ended on December 31, 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 DGIC up to 30 trading days from October 31, 2021.

2021-10-25: Un-audited Financial Statements

DGIC: (Quarter 3) As per un-audited financial statements of Desh General Insurance Company Limited, EPS was Tk. 0.27 for July-September, 2021 as against Tk. 0.27 for July-September, 2020; EPS was Tk. 0.99 for January-September, 2021 as against Tk. 0.83 for January-September, 2020. NOCFPS was Tk. 0.37 for January-September, 2021 as against Tk. 0.46 for January-September, 2020. NAV per share was Tk. 12.14 as of September 30, 2021 and Tk. 11.93 as of December 31, 2020.

2021-10-24: Credit Rating

DGIC: Alpha Credit Rating Limited (AlphaRating) has rated Desh General Insurance Company Limited as ''AA-'' in the long term and ''ST-3'' in the short term along with a stable outlook based on audited financial statements of the Company as on December 31, 2020 and relevant qualitative information till October 20, 2021.

2021-10-17: Board Meeting

DGIC: Desh General Insurance Company Limited has informed that the Board Meeting of the Company will be held on October 24, 2021 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2021.

2021-09-12: Record Date tomorrow (13.09.2021)

DGIC: Trading of the shares of Desh General Insurance Company Limited will remain suspended on its record date i.e., 13.09.2021. Trading of the shares of the Company will resume on 14.09.2021.

2021-09-08: Spot trade from tomorrow (09.09.2021)

DGIC: Trading of the shares of Desh General Insurance Company Limited will be allowed only in the Spot Market from 09.09.2021 to 12.09.2021 as the record date of the Company is on 13.09.2021.

2021-08-24: Updating information

DGIC: Desh General Insurance Company Limited has requested the Shareholders bearing BO Accounts are requested to update their e-TIN certificate, Bank Account Number through their respective Depository Participant (DP) before the record date failing of which Income Tax will be deducted at source @ 15% instead of 10% from cash dividend as per Section 54 of Income Tax Ordinance 1984.

2021-08-24: Un-audited HY A/Cs (Additional Information)

DGIC: (Quarter 2) Desh General Insurance Company Limited has further informed that EPS was Tk. 0.28 for April-June 2021 as against Tk. 0.29 for April-June 2020.

2021-08-24: Un-audited HY A/Cs

DGIC: (Quarter 2) As per un-audited half yearly accounts of Desh General Insurance Company Limited, EPS was Tk. 0.72 for January-June 2021 as against Tk. 0.58 for January-June 2020. NOCFPS was Tk. 0.22 for January-June 2021 as against Tk. 0.68 for January-June 2020. NAV per share was Tk. 11.87 as on June 30, 2021 and 11.93 as on December 31, 2020.

2021-08-24: Un-audited Financial Statements

DGIC: (Quarter 1) As per un-audited financial statements of Desh General Insurance Company Limited, EPS was Tk. 0.44 for January-March 2021 as against Tk. 0.29 for January-March 2020. NOCFPS was Tk. 0.15 for January-March 2021 as against Tk. 0.43 for January-March 2020. NAV per share was Tk. 11.60 as on March 31, 2021 and Tk. 11.93 as on December 31, 2020.

2021-08-24: CB free

DGIC: Please note that there will be no price limit today 24.08.2021 on the trading of the shares of the Company following its corporate declaration.

2021-08-24: Recommendation of Dividend

DGIC: The Board of Directors has recommended 10% cash dividend for the year ended on December 31, 2020. Date of AGM: 28.09.2021, Time: 11:00 AM, Venue: Digital Platform. Record Date: 13.09.2021. The Company has also reported EPS of Tk. 1.51, NAV per share of Tk. 11.93 and NOCFPS of Tk. 2.08 for the year ended on December 31, 2020 as against Tk. 1.36, Tk. 11.62 and Tk. 1.52 respectively for the same period of the previous year.

2021-08-18: Board Meeting

DGIC: Desh General Insurance Company Limited has informed that the Board Meeting of the Company will be held on August 23, 2021 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2021 & Second Quarter (Q2) period ended on June 30, 2021.

2021-08-16: Board Meeting

DGIC: Desh General Insurance Company Limited has informed that the Board Meeting of the Company will be held on August 23, 2021 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2020.

2021-04-18: Query Response

DGIC: In response to a DSE query dated April 13, 2021, Desh General Insurance Company Limited has informed that there is no undisclosed material decision/information relating to the company's business operation/ profitability for recent unusual price hike of shares of their company.

2021-03-29: No credit facility

DGIC: The Price limit of Desh General Insurance Company Limited will remain open 50% on issue price today (29.03.2021) and the following day (31.03.2021), Price limit will remain open 50% on closing price of debut trading. As per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the face value of each share shall be considered as the floor price.

2021-03-29: Un-audited Financial Statements

DGIC: (Quarter 3) As per un-audited financial statements of Desh General Insurance Company Limited, for the period from July 2020 to September 2020 (three months), Net Profit after Tax was Tk. 8.49m, Pre-IPO EPS was Tk. 0.35 and Post-IPO EPS was Tk. 0.21. However, for the period from January 2020-September 2020 (nine months) of the Company, Net Profit after Tax was Tk. 19.995m, Pre-IPO EPS was Tk. 0.83 and Post-IPO EPS was Tk. 0.50. NAV per share was Tk. 12.45 as on September 30, 2020.

2021-03-29: No credit facility

DGIC: As per SEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated October 27, 2015; the stockbrokers & merchant bankers are requested not to provide loan facilities to their clients against purchasing shares of newly listed DGIC up to 30 trading days from today March 29, 2021.

2021-03-29: Commencement of Trading

DGIC: All concerned are hereby informed that trading of the shares of Desh General Insurance Company Limited will commence at CSE from today March 29, 2021 under settlement category ''N''. Please note that the Scrip Id=11042, Scrip Code= DGIC, Market Lot=1, Face Value=Tk.10 & Tick Price=10 paisa. However, the listing date of the Company at CSE was 16 March 2021.

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