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AZIZPIPES

All Eps Dividend Board Agm Q1 Q2 Q3

AZIZPIPES 18-Nov-2020

(Continuation news of AZIZPIPES): financial statements. Emphasis of Matter: We refer to the note no. 13 (Term Loan), 14 (Short Term Loan) and 16 (Block Loan Account) of the financial statements regarding court cases of those loans. Note 13.00- Term Loan: Balance of Term Loan as at 30 June, 2020 was BDT 57,200,000 and as at 30 June, 2019 was BDT 57,200,000. The Company Tabled an objection against the statements of Uttara Bank Ltd. Term Loan and which is matter (cont.3)

AZIZPIPES 18-Nov-2020

(Continuation news of AZIZPIPES): amount Tk. 612,878. 2. Inventories Tk. 114,336,835 of the company could not be verified as the stock register is not available (Details are disclosed in note no. 04). 3.The Equity of the company is negative consecutively and Debt service & Interest service ratio is low. Hence the company has doubt about its ability to continue as going concern. 4. Purchases amount differs with VAT return which is disclosed in note no. 23.02 of the (cont.2)

AZIZPIPES 18-Nov-2020

The auditor of the Aziz Pipes Ltd has given the "Qualified Opinion"& "Emphasis of Matter" paragraphs in the Auditor's Report for the year ended on 30 June 2020. In this regard, we may disseminate the following news through our online trading system: Qualified Opinion: 1. Payment of worker's profit participation fund (WPPF) has not made as per sec 240 (3), of Bangladesh labor act, 2006 (Amended 2013) and moreover interest was not charged against such unpaid (cont.1)

AZIZPIPES 18-Nov-2020

Trading of the shares of the Company will resume on 19.11.2020 after record date.

AZIZPIPES 17-Nov-2020

Trading of the shares of the Company will remain suspended on record date i.e., 18.11.2020.

AZIZPIPES 15-Nov-2020

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 16.11.2020 to 17.11.2020. Trading of the shares of the Company will remain suspended on record date i.e., 18.11.2020.

AZIZPIPES 03-Nov-2020

Dividend Declaration (Additional Information): The Company has further informed that the Sponsors hold 338,740 shares out of total 5,347,125 shares of the Company and the cash dividend to be payable to the General shareholders is BDT. 5,00,838.50.

AZIZPIPES 29-Oct-2020

The Company has informed that Mr. Abu Taher Mohammad Ahmedur Rahman has been appointed as the Chairman and Mr. Md. Nurul Absar has been appointed as the Managing Director of the Company with effect from October 28, 2020.

AZIZPIPES 29-Oct-2020

(Q1 Un-audited): EPS was Tk. (0.07) for July-September, 2020 as against Tk. 0.22 for July-September, 2019. NOCFPS was Tk. 0.43 for July-September, 2020 as against Tk. 5.30 for July-September, 2019. NAV per share was Tk. (14.28) as on September 30, 2020 and Tk. (14.22) as on June 30, 2020.

AZIZPIPES 29-Oct-2020

There will be no price limit on the trading of the shares of the Company on 29.10.2020 for 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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