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AGNISYSL

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AGNISYSL 13-Dec-2020

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 December 15, 2020 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2020.

AGNISYSL 09-Dec-2020

(Continuation news of AGNISYSL): the company has made provision for WPPF an amount of Tk. 496,279/- during the year under audit and accumulated balance appeared at Tk. 10,910,549/- as on 30.06.2020. No payment has been made during the year ended as on that date. Moreover, the company did not maintain WPPF account as per Bangladesh Labor Act 2006 as amended till to date, particularly, section 234,235, 240, 242 and 248 of the said act. (end)

AGNISYSL 09-Dec-2020

(Continuation news of AGNISYSL): Tk. 3,00,45,000/- as on 30.06.2020 given to Songbird Telecom Limited an Associate of Agni Systems Limited from time to time without charging any interest thereon. However, the company management informed us that the said loan amount will be realized within short time. 2. The Company has been maintaining Workers Profit Participation Fund (WPPF) since long and as per accounts, (cont.2)

AGNISYSL 09-Dec-2020

The auditor of the Agni Systems Ltd has given the "Emphasis of Matter" paragraphs in the Auditor's Report for the year ended on 30 June 2020. Previously, disseminated the draft version of this "Emphasis of Matters" on 30 November 2020 as per the Price Sensitive Information submitted by Agni Systems Limite. Emphasis of Matter: 1. As stated in Note # 11.2, the company has shown advance/short term loan to Songbird Telecom Limited an amount of (cont.1)

AGNISYSL 30-Nov-2020

(Continuation news of AGNISYSL): Moreover, the company did not maintain WPPF account as per Bangladesh Labour Act 2006 as amended till to date, particularly, section 234, 235, 240, 242 and 248 of the said act. (end)

AGNISYSL 30-Nov-2020

(Continuation news of AGNISYSL): objectives clause of the Memorandum of Association of the Company. the Company has been maintaining Workers Profit Participation Fund (WPPF) since long and as per accounts, the company has made provision for WPPF an amount of Tk. 496,279/- during the year under audit and accumulated balance appeared at Tk. 10,910,549/- as on 30.06.2020. No payment has been made during the year ended as on that date. (cont.3)

AGNISYSL 30-Nov-2020

(Continuation news of AGNISYSL): subscription money for share capital but necessary shares are yet to be allotted. Moreover, as per FRC circular no.146/FRC/SS/2020/251 dated 19 February 2020 share money deposit cannot be retained for a period of 06 (six) months without issuing share capital. 2. the company has spent an amount of Tk. 158,55,000/- for Shed Construction at Gazipur for cattle firm during the year under audit which is not supported by(cont.2)

AGNISYSL 30-Nov-2020

The auditor of the Agni Systems Ltd has given the "Emphasis of Matter" paragraphs in the Auditor's Report for the year ended on 30 June 2020. Emphasis of Matter: 1. as stated in Note # 11.2, the company has shown advance to Songbird Telecom Limited an amount of Tk. 6,06,49,238 as on 30.06.2019 and Tk. 3,00,45,000/- as on 30.06.2020 respectively given to Songbird Telecom Limited an Associate of Agni Systems Limited from time to time as(cont.1)

AGNISYSL 30-Nov-2020

Credit Rating Information and Services Limited (CRISL) has rated the Company as "A" in the long term and "ST - 3" in the short term along with a stable outlook based on audited financials up to June 30, 2019, unaudited financials up to March 31, 2020 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

AGNISYSL 30-Nov-2020

There will be no price limit on the trading of the shares of the Company today (30.11.2020) following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.

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