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ACFL

All Eps Dividend Board Agm Q1 Q2 Q3

ACFL 25-Apr-2021

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 April 25, 2021 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2020.

ACFL 21-Apr-2021

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 April 25, 2021 at 2:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2020.

ACFL 18-Apr-2021

Trading of the shares of the Company will resume on 19.04.2021 after record date.

ACFL 15-Apr-2021

Trading of the shares of the Company will remain suspended on record date i.e., 18.04.2021.

ACFL 12-Apr-2021

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 with cum benefit from 13.04.2021 to 15.04.2021 and trading of the shares will remain suspended on record date i.e, 18.04.2021.

ACFL 11-Apr-2021

(Continuation news of ACFL): NOTE: 2.22- According to approval of Board of Directors Prior year error has been adjusted to reduce the inventory amount with retained earnings by Tk. 299,986,523 which was erroneously overstated previous years and also adjusted the WPPF amount Tk. 29,975,039 in accordance with Para 42 & 49 of IAS-8 "Accounting Policies, Changes in Accounting Estimates and Errors". (end)

ACFL 11-Apr-2021

(Continuation news of ACFL): 3. We draw attention to note-34 to the financial statements where management explain the circumstances of various contingencies and additional claims of Income Tax Demand from Income Tax Authority, the uncertainties of getting judgment in favor of the company and managements position on the same. (cont.5)

ACFL 11-Apr-2021

(Continuation news of ACFL): and the Shareholders of Aman Cotton Fibrous limited was approved the revised time line for fund utilization of IPO proceed up to 5th August 2021. 2. We draw attention to note no-2.22 of the financial statements, which describe the effects of prior year adjustment of Inventory & WPPF in accordance with Para 40A of IAS-I "presentation of Financial Statements" and 22,42 & 49 of IAS-8 "Accounting Policies, Changes in Accounting Estimates and Errors". (cont.4)

ACFL 11-Apr-2021

(Continuation news of ACFL): 3. The Bangladesh Labor (amended) act 2013 requires the company to contribute 5% of its net profit to WPPF. The management has ascertained the amount and made necessary provision without any payment. " Emphasis of Matter: We draw attention on the following matters in respect of which our opinion is not qualified: 1. According to IPO Utilization Audit Reports as of February 28, 2021, the company has un-utilized IPO proceeds Tk.717,498,337 (cont.3)

ACFL 11-Apr-2021

(Continuation news of ACFL): Exchange Commission (BSEC) according to BSEC notification no- BSEC/CMRRCD/2009-132/2/Admin/103 Dated 5 February, 2020.2. As referred to Note # 8.0 in the financial statements, the Company recorded advances, deposits and prepayments of Tk. 719,642,371 which includes advance against purchases of Tk. 485,478,006 carry forwarded from last year. During the audit, no movement has occurred against the said balances. (cont.2)

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