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CENTRALPHL

All Eps Dividend Board Agm Q1 Q2 Q3

CENTRALPHL 29-Jan-2020

The Company has informed that it has disbursed the cash dividend for the year ended on June 30, 2019 to the respective shareholders.

CENTRALPHL 23-Jan-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 January 30, 2020 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2019.

CENTRALPHL 26-Nov-2019

(Continuation news of CENTRALPHL): has been provided. 5. The balance of accounts receivable has been increasing years to year. No latest status report thereof and confirmation certificate of lying balances as on 30.06.2019 with the concerned sales centers and parties have been provided. The company does not have details of receivables or any policy regarding recoverability of these receivables. Hence, recovery of accounts receivable is doubtful, but no provision for bad debts has been accounted for. (end)

CENTRALPHL 26-Nov-2019

(Continuation news of CENTRALPHL): No technical status report as on 30 June, 2019 on the quantity, quality and value of inventories has been provided. And we could not also be able to verify the inventories physically as on 30 June, 2019 as we were appointed as auditors of the company on 05.10.2019. As such, physical existence with good condition and saleable value of major portion of inventories is doubtful, as movement of inventory were not recorded properly by the company and no valid evidence (cont. 4)

CENTRALPHL 26-Nov-2019

(Continuation news of CENTRALPHL): Liabilities for Tax Tk. 278,978,472 remain unadjusted in the accounts as a result Gross Assets and Gross Liabilities have been overstated. Moreover, no supporting documents as against payment of advance tax of Tk. 18,097,893 during the year 2018-2019 have been provided. 3. The volume of inventories is so high in comparison to purchase, production capacity, cost of goods sold and turnover as a whole and has been increasing years to year. (cont. 3)

CENTRALPHL 26-Nov-2019

(Continuation news of CENTRALPHL): of the tax authority vide no. Tax liability/A-13/Circle-155/2017-2018 dated 04.04.2018 that an accumulated amount of Tk. 488,160,889 was payable as tax liability as against the assessment years from 2007-2008 to 2016-2017. It was also found that IT returns of the company for the assessment years 2017-2018 and 2018-2019 were submitted on 22.10.2019 and tax assessment thereof not been completed. Accordingly, Advance Tax Tk. 271,125,547 and (cont. 2)

CENTRALPHL 26-Nov-2019

Qualified Opinion: 1. Three Bank Accounts of the company with Janata Bank Ltd. Local office, Dhaka were frozen by the Tax Authority demanding Tax Liability amount of Tk. 93,082,463 vide their letter no. 178456845965/Circle-155/2014-2015/232 dated 26.04.2015 and no subsequent development thereof was noticed. Accordingly the company has been running through cash transactions since long. 2. No latest status on Tax assessment position of the company was provided and it was seen from a letter (cont. 1)

CENTRALPHL 25-Nov-2019

Trading of the Shares of the Company will resume on 26.11.2019 after record date.

CENTRALPHL 24-Nov-2019

Trading of the shares of the Company will remain suspended on record date i.e., 25.11.2019.

CENTRALPHL 20-Nov-2019

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 21.11.2019 to 24.11.2019. Trading of the shares of the Company will remain suspended on record date i.e., 25.11.2019.

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