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ACTIVEFINE

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ACTIVEFINE 28-Nov-2021

Trading of the shares of the Company will resume on 29.11.2021 after record date.

ACTIVEFINE 25-Nov-2021

Trading of the shares of the Company will remain suspended on record date i.e., 28.11.2021.

ACTIVEFINE 23-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 24.11.2021 to 25.11.2021. Trading of the shares of the Company will remain suspended on record date i.e., 28.11.2021.

ACTIVEFINE 23-Nov-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 November 28, 2021 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2021

ACTIVEFINE 17-Nov-2021

(Continuation news of ACTIVEFINE): a provision of 2.5% considering Expected Credit Loss (ECL) on accounts receivables in accordance with IFRS-9 has been maintained but it is not adequate considering doubtful of recovery. vi. Cash at banks includes some uncleared cheques amounting to Tk. 167,828,000 which are shown in the reconciliation statements as "uncleared lodgement" but till our reporting date those cheques were not cleared. (end)

ACTIVEFINE 17-Nov-2021

(Continuation news of ACTIVEFINE): impairment of assets in accordance with para 12 of the same standard. iv. We have observed that the entity did not pay 10% of the WPPF of earlier years' balances to the government exchequer as per section 234 of Labor Act 2006 (amended in 2015). v. Analysis of accounts receivable and related cash flow reveals that a major portion of accounts receivable of earlier year(s) remains uncollected. Although, (cont.5)

ACTIVEFINE 17-Nov-2021

(Continuation news of ACTIVEFINE): "The Sponsors/promoters and directors of any listed company shall hold jointly minimum 30% shares". But the sponsors and directors of the Company hold only 12.04% shares which is violation of the said notification. iii. Impairment analysis for property, plant and equipment to be done by management as per para 9 of IAS 36 has not been completed as of balance sheet date considering the external and internal source of information regarding (cont.4)

ACTIVEFINE 17-Nov-2021

(Continuation news of ACTIVEFINE): by the company to have exemption certificate are yet to be taken. Further, payment for purchase of fixed assets and raw materials was made during the year without complying provisions of section 30(m) of Income Tax Ordinance 1984. ii. As per notification no. SEC/CMRRCD/2009-193/120/Admin of Bangladesh Security Exchange Commission dated December 07, 2011, (cont.3)

ACTIVEFINE 17-Nov-2021

(Continuation news of ACTIVEFINE): "National Active Pharmaceutical Ingredients (API) & Laboratory Reagents Production and Export Policy" regarding tax exemption. Special Regulatory Order (SRO) has been published by National Board of Revenue (NBR) on October 11, 2021 (SRO # 315) stating some conditions and guidelines to be followed by the company for enjoying such exemption but necessary steps (application to NBR) (cont.2)

ACTIVEFINE 17-Nov-2021

The auditor of the Active Fine Chemicals Limited has given the "Qualified Opinion" paragraphs in the Auditor's Report for the year ended on 30 June, 2021. Basis for Qualified Opinion: i. Provision for current income tax and deferred tax required as per para 12 & 15 of IAS 12 has not been made except for other income, as disclosed in note # 20, based on gazette No- 26.00.0000.100.42.008.17-54 dated 14-05-2018 by Commerce Ministry under the caption (cont.1)

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