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ALIF

All Eps Dividend Board Agm Q1 Q2 Q3

ALIF 30-Nov-2021

Trading of the shares of the Company will resume on 01.12.2021 after record date.

ALIF 29-Nov-2021

Trading of the shares of the Company will remain suspended on record date i.e., 30.11.2021.

ALIF 25-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 28.11.2021 to 29.11.2021. Trading of the shares of the Company will remain suspended on record date i.e., 30.11.2021.

ALIF 14-Nov-2021

(Continuation news of ALIF): In absence of relevant documents the quantum of financial impact could not be ascertained by us. c) The company has reported Tk.8,064,152 as WPPF in note# 22.00 to the financial statements. But as per labor act 2006 section 234 the company didn't establish Participation Fund and welfare fund which lead the non-compliance of Labor Act. (end)

ALIF 14-Nov-2021

(Continuation news of ALIF): neither we could physically count inventory on test basis due to COVID-19 and as such we could not confirm the Inventory amount physically. b) The company has reported PPE in the financial position on cash basis rather than accrual basis, as such the PPE understated in the financial position. Consequently, the depreciation understated and profit in the financial performance overstated. (cont.2)

ALIF 14-Nov-2021

The auditor of Alif Manufacturing Company Ltd has given the following "Qualified Opinion" paragraph in the Auditor's Report of the Company prepared for the year ended on June 30, 2021. Qualified Opinion: a) The company has reported Tk.243,502,365 as Inventories in note# 7.00 to the financial statements. The company provided us detail inventory schedule and registered but the company didn't made any counting by the third party during our audit, (cont.1)

ALIF 14-Nov-2021

(Continuation news of ALIF): In absence of relevant documents the quantum of financial impact could not be ascertained by us. c) The company has reported Tk. 7,054,307 as WPPF in note# 19.00 to the financial statements. But as per labor act 2006 section 234 the company didn't establish Participation Fund and welfare fund which lead the non-compliance of Labor Act. (end)

ALIF 14-Nov-2021

(Continuation news of ALIF): neither we could physically count inventory on test basis due to COVID-19 and as such we could not confirm the Inventory amount physically. b) The company has reported PPE in the financial position on cash basis rather than accrual basis, as such the PPE understated in the financial position. Consequently, the depreciation understated and profit in the financial performance overstated. (cont.2)

ALIF 14-Nov-2021

The auditor of Alif Manufacturing Company Ltd has given the following "Qualified Opinion" paragraph in the Auditor's Report of the Company prepared for the year ended on June 30, 2020. Qualified Opinion: a) The company has reported Tk. 227,574,952 as Inventories in note # 7.00 to the financial statements. The company provided us detail inventory schedule and registered but the company didn't made any counting by the third party during our audit, (cont.1)

ALIF 11-Nov-2021

The Company has informed that the Sponsors and Directors hold 79,157,441 no shares out of total 259,927,022 shares of the Company. The cash dividend to be payable to the General Shareholders is Tk. 36,153,916.20 for the year end June 30, 2021 and Tk. 27,115,437.15 for the year end June 30, 2020.

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