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IFADAUTOS

All Eps Dividend Board Agm Q1 Q2 Q3

IFADAUTOS 09-Aug-2017

The Company has informed that the Board of Directors has decided to purchase 46 decimal land at Belishor, Sutipara, Dhamrai, Dhaka at a cost of Tk. 36.00 lac only including registration cost.

IFADAUTOS 09-Aug-2017

The Company has sent minutes of their 5th EGM, held on 25.07.2017, from which it is revealed that the shareholders of the company, among others, has approved the increase of Authorized share capital of the Company from Tk. 200.00 crore to Tk. 300.00 crore and amended clause 5 of the Memorandum of Association and Article 6 of the Article of Association of the Company in the EGM.

IFADAUTOS 06-Jul-2017

The Company has informed that the Board of Directors has decided to sell 402.34 decimal land (Book Value Tk. 63,891,592.00) at Khalia, Dhamrai, Dhaka and 767.25 decimal land (Book Value Tk. 121,839,300.00) at Khulla, Dhamrai, Dhaka and subsequently purchase land adjacent to IFAD Autos Limited's assembly unit. The detailed proceed of sale will be notified after its execution.

IFADAUTOS 03-Jul-2017

Trading of the shares of the Company will resume on 04.07.2017 after record date for EGM.

IFADAUTOS 02-Jul-2017

Trading of the shares of the Company will remain suspended on record date i.e., 03.07.2017 for EGM. Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from BSEC.

IFADAUTOS 28-Jun-2017

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 29.06.2017 to 02.07.2017. Trading of the shares of the Company will remain suspended on record date i.e., 03.07.2017 for EGM. Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from BSEC.

IFADAUTOS 05-Jun-2017

There will be no price limit on the trading of the shares of the Company today (05.06.2017) following its corporate declaration.

IFADAUTOS 05-Jun-2017

(Continuation news of IFADAUTOS): to meet the requirement of working capital and to pay off Debts of the Company. Date of EGM: 25.07.2017, Time: 3:30 PM, Venue: Samarai Convention Center, 23/G/7, Panthapath, Dhaka-1205. Record date: 03.07.2017. Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from BSEC. (end)

IFADAUTOS 05-Jun-2017

The Company has informed that the Board of Directors of the Company has decided to issue Rights share at the rate of 2R:5 (i.e. two Rights share for every five shares held) at an issue price of Tk. 20.00 each (including premium of Tk. 10.00 each) on paid up capital subject to approval by shareholders in EGM and BSEC and the other Regulatory Authorities. The amount raising from the Rights issue will be used for expansion of the Business, (cont.)

IFADAUTOS 21-May-2017

(continuation news of IFADAUTOS): GOI (Gulf Oil International) is present in 73 countries. The said investment is expected to contribute a profit of Tk. 4.36 crore in the next year towards overall profitability of the Company (approximately). The investment amount shall be financed from the own fund of Ifad Autos Limited. (end)

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