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DULAMIACOT

All Eps Dividend Board Agm Q1 Q2 Q3

DULAMIACOT 15-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 from 16.11.2021 to 18.11.2021. Trading of the shares of the Company will remain suspended on record date i.e., 21.11.2021.

DULAMIACOT 14-Nov-2021

(Q1 Un-audited): EPS was Tk. (0.31) for July-September 2021 as against Tk. (0.19) for July-September 2020; NOCFPS was Tk. (0.36) for July-September 2021 as against Tk. (0.65) for July-September 2020. NAV per share was Tk. (37.73) as on September 30, 2021 and Tk. (36.43) as on September 30, 2020.

DULAMIACOT 09-Nov-2021

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 November 11, 2021 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2021.

DULAMIACOT 31-Oct-2021

(Continuation news of DULAMIACOT): Emphasis of Matters: We draw attention of the users of the financial statements to the effects of Note 17.00 of the financial statements, which is of balance Tk. 263,983,654 of Others/Associate Loan. These are loans taken from Directors and associates from time to time. our opinion is not modified in respect to this matter. (end)

DULAMIACOT 31-Oct-2021

(Continuation news of DULAMIACOT): There is a risk that the company's liabilities might be higher than those that have been shown. we could not confirm the balances directly from parties due to lack of contact information of the parties and thus were unable to determine the obligation in respect to these liabilities reported in the financial statements due to absence of information. (cont.13)

DULAMIACOT 31-Oct-2021

(Continuation news of DULAMIACOT): few heads of creditors for expenses & Other Finance (note 11.00, 12.00 & 13.00) total amounting Tk. 35,802,418 has not been adjusted for long period of time and some adjustments could not be explained. No proper evidence could be provided for the existence of these amounts as liability to be paid in future or that these amounts are under/over provisioned. No information is also available of any disputes or litigation with the parties. (cont.12)

DULAMIACOT 31-Oct-2021

(Continuation news of DULAMIACOT): Separate bank account was not maintained by the company and there is a shortfall in cash to pay off the unpaid amount. The amount of unclaimed dividend of Tk. 3,899,256 is not segregated year wise and with details claimants BO accounts as per BSEC directive no. BSEC/CMRRCD/2021-386/03 dated 14 January 2021. 7. Creditors for Goods, Expenses & Other Finance Creditors for Goods, (cont.11)

DULAMIACOT 31-Oct-2021

(Continuation news of DULAMIACOT): As per section 234 (b) of labor Act, 2006 the company should pay the amount to the WPPF & WWF not later than nine months from the end of the respective year. Further the company did not make any interest provision for the utilization of fund balance as per section 240 (2) of the said Act. 6. Unclaimed Dividend: As disclosed in note no. 14 the Company has shown an amount of Tk. 3,899,256 as Unclaimed Dividend. (cont.10)

DULAMIACOT 31-Oct-2021

(Continuation news of DULAMIACOT): 4. Accounts Receivable and Others Receivable: Accounts Receivable (note 5.00) amounting Tk. 14,24,642 carried forward for more than one year whose realization is doubtful and no provision has been made for doubtful debts. 5. Workers Profit Participation Fund: As disclosed in note # 15, the company has shown an amount of Tk. 694,010 as liabilities for WPPF & WWF which is carried forward that has not been paid by the company to the fund. (cont.9)

DULAMIACOT 31-Oct-2021

(Continuation news of DULAMIACOT): The company has sold inventory during the year as wastage for which no proper explanation for quantity & valuation could be provided that confirms the sale as wastage (note 23.00). No provision has been made for writing off the value of inventories due to its obsolescence or non-existence. Consequently, inventory is overstated or asset of the company and loss /retained earnings is understated. (cont.8)

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