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ACFL

All Eps Dividend Board Agm Q1 Q2 Q3

ACFL 22-Nov-2021

Trading of the shares of the Company will resume on 23.11.2021 after record date.

ACFL 21-Nov-2021

The Company has further informed that the Board of Directors has decided to change the AGM date and time of the Company. The 16th AGM of the Company will now be held on December 20, 2021 at 12:30 PM instead of earlier declared date December 23, 2021 at 11:00 AM. Other information of the AGM will remain unchanged.

ACFL 21-Nov-2021

Trading of the shares of the Company will remain suspended on record date i.e., 22.11.2021.

ACFL 17-Nov-2021

Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 18.11.2021 to 21.11.2021. Trading of the shares of the Company will remain suspended on record date i.e., 22.11.2021.

ACFL 16-Nov-2021

(Continuation news of ACFL): unclaimed dividend by Tk. 10,222,038 & the Board decided to assess the recoverability of account receivable position for the purpose of fair representation of financial statements Accounts Receivables Tk. 297,983,831 in accordance with Para 42 & 49 of IAS-8 "Accounting Policies, Changes in Accounting Estimates and Errors". (end)

ACFL 16-Nov-2021

(Continuation news of ACFL): and 22, 42 & 49 of IAS-8 "Accounting Policies, Changes in Accounting Estimates and Errors". During the year following accounting policies and errors have been restated in compliance with IAS-8 & IAS-1. 1. According to approval of Board of Directors Prior year error has been adjusted to reduce the inventory amount with retained earnings by Tk. 297,862,990 which was obsolete inventory previous years, (cont.8)

ACFL 16-Nov-2021

(Continuation news of ACFL): As such no additional Tax provision in respect of above year has been made in this year. d) Capital Commitments under the head advance against land purchase at Sreepur, Gazipur for Tk. 12,33,37,500.00. Note 2.22 Prior year adjustment: While finalizing the financial statements for the year ended June 30, 2021. We have restated the preceding year's financial statements for fair presentation to comply with the Para 40 A of IAS-1 "presentation of Financial Statements" (cont.7)

ACFL 16-Nov-2021

(Continuation news of ACFL): a) There Is no claim against the company not acknowledged as debt. b) There Is no un-availed credit facilities, other than those in the normal course of business, available to the company as on 30 June, 2021. c) The income Tax related to the Assessment year 2012-2013, 2013-2014, 2014-2015, 2015-2016 & 2016-2017, 2017-2018, 2018-2019, 2019-2020 & 2020-2021 against the DCT Assessment order is under Appeal Reference with the Tax Authority. (cont.6)

ACFL 16-Nov-2021

(Continuation news of ACFL): 5. We draw attention to note no- 2.22 of the financial statements, which describe the effects of prior year adjustment of Inventory, Accounts Receivables & Unclaimed Dividend in accordance with Para 40 A of IAS-1 "presentation of Financial Statements" and 22, 42 & 49 of IAS-8 "Accounting Policies, Changes in Accounting Estimates and Errors". Note 34.00 Contingent liabilities & Capital Commitments: (cont.5)

ACFL 16-Nov-2021

(Continuation news of ACFL): During the audit, no movement has occurred against the said balances. 4. We draw attention to note- 34 to the financial statements where management explain the circumstances of various contingencies and additional claims of explains additional Income Tax Demand from Income Tax Authority, the uncertainties of getting judgment in favor of the company and managements position on the same. Our opinion is not modified in respect of this matter. (cont.4)

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