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ARGONDENIM

All Eps Dividend Board Agm Q1 Q2 Q3

ARGONDENIM 01-Apr-2015

As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will be held on April 02, 2015 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2014.

ARGONDENIM 29-Jan-2015

BSEC NEWS: In exercise of the power conferred by section 20A of the Securities and Exchange Ordinance, 1969 (XVII of 1969), the Bangladesh Securities and Exchange Commission hereby directs the Argon Denims Limited that: The company shall not be entitled to apply to the Commission for raising of capital for next 3 (three) years. This shall have immediate effect. (Ref.: BSEC Directive No. BSEC/Enforcement/2137/2014/20 dated January 27, 2015).

ARGONDENIM 29-Jan-2015

BSEC has expressed its inability to approve the rights issue of Argon Denims Limited as per Commissions Directive No. BSEC/Enforcement/2137/2014/20 dated January 27, 2015.

ARGONDENIM 30-Oct-2014

(Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2014 (July'14 to Sep'14), the Company has reported net profit after tax of Tk. 71.14 million with EPS of Tk. 0.86 as against Tk. 65.17 million and Tk. 0.79 (restated) respectively for the same period of the previous year. Whereas net profit after tax was Tk. 234.86 million with EPS of Tk. 2.84 for the period of nine months (Jan'14 to Sep'14) ended on 30.09.2014 as against Tk. 179.73 million and Tk. 2.17 (restated) respectively for the same period of the previous year.

ARGONDENIM 22-May-2014

The Company has informed that it has credited the Bonus shares for the year ended on December 31, 2013 to the respective shareholders' BO Accounts. Cash Dividend for the year 2013 has been credited through BEFTN.

ARGONDENIM 14-May-2014

(Q1): As per un-audited quarterly accounts for the 1st quarter ended on 31st March 2014 (Jan'14 to March'14), the Company has reported net profit after tax of Tk. 83.25 million with basic EPS of Tk. 1.16 as against Tk. 45.16 million and Tk. 0.63 respectively for the same period of the previous year. However, considering bonus share @ 15% for the year 2013, restated basic EPS is Tk. 1.01 as on 31.03.2014 and Tk. 0.55 as on 31.03.2013.

ARGONDENIM 12-May-2014

(Continuation of news of ARGONDENIM): b) We observed excess payment of IPO related expenses. c) Liabilities from IPO fund found adjusted against bridge finance and short term loan earlier undisclosed in the prospectus. d) We also observed that significant amount was made to various suppliers and contractors against purchase of construction materials from IPO proceeds for expansion project in cash instead of cheque. " (End)

ARGONDENIM 12-May-2014

(Emphasis of matter) Auditor of the company has given the following emphasis of matter in the audit report of the company for the year ended on 31 December 2013: "without qualifying our opinion above, we draw attention to note 36.1 (a, b, c & d), where management explanation though circumstantial but deserves due corrective action to avoid future repletion. Note 36.1 Observations on IPO Fund Utilization: a) We observed over adjustment of short term loan from IPO proceeds beyond the prospectus amount. (cont.1)

ARGONDENIM 28-Apr-2014

The Company has sent minutes of its 3rd EGM held on April 24, 2014 to DSE, from which it has been revealed that the shareholders of the Company have resolved as a special resolution that the authorized capital of the Company be increased from Tk. 100.00 crore to Tk. 150.00 crore as well as necessary amendments shall be made to Clause V of the Memorandum of Association and Article 5 of the Articles of Association of the Company.

ARGONDENIM 27-Apr-2014

Credit Rating Information and Services Limited (CRISL) has rated the Company as "A" in the long term and "ST-3" in the short term in consideration of financials of the Company up to December 31, 2013 (audited) and other relevant quantitative as well as qualitative information up to the date of rating declaration.

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