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IFADAUTOS

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IFADAUTOS 14-Nov-2021

(Continuation news of IFADAUTOS): Welfare Fund and Worker's welfare fund. However, the company has distributed the whole fund to WPPF and then the fund has distributed the contribution to Welfare Fund and Worker's Welfare Fund. (end)

IFADAUTOS 14-Nov-2021

The auditor of the IFAD Autos Limited has given the "Emphasis of matters" paragraphs in the Auditor's Report for the year ended on 30 June, 2021. Emphasis of matters: We draw attention to note No. 2.06 to the financial statements, which describes the non-recognition of leases in compliance with para 5 (a) and B34 of IFRS 16: Leases. Furthermore, we also draw attention to note no. 2.20 to the financial statements which describes the payment of WPPF to Participation Fund, (cont.)

IFADAUTOS 08-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 14, 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.

IFADAUTOS 31-Oct-2021

There will be no price limit on the trading of the shares of the Company today (31.10.2021) following its corporate declaration.

IFADAUTOS 31-Oct-2021

The Board of Directors has recommended 11% Cash dividend for the year ended on June 30, 2021. Date of AGM: December 22, 2021, Time: 12:00 Noon, Venue: Digital Platform. Record Date: November 21, 2021. The Company has reported EPS of Tk. 2.18, NAV per share of Tk. 40.81 and NOCFPS of Tk. 0.44 for the year ended on June 30, 2021 as against Tk. 0.91 Tk. 38.95 and Tk. (7.53) respectively for the same period of the previous year.

IFADAUTOS 21-Oct-2021

As per Regulation 19(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 October 28, 2021 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2021.

IFADAUTOS 22-Aug-2021

(cont. of IFADAUTOS): In this regard IFAD Autos Limited has paid to the Bangladesh Economic Zones Authority (BEZA) a sum of BDT 5,15,67,114.00/- equivalent to USD 6,07,029.00 only as Security Deposit which is equivalent to Two Years Annual Lease Rent for the demised land. (end)

IFADAUTOS 22-Aug-2021

The Company has informed that the Board of Directors of IFAD Autos Limited has inked an agreement with Bangladesh Economic Zones Authority (BEZA) for lease of 30 (thirty) acres Land as rental basis for 50 (fifty) years at the Bangabandhu Sheikh Mujib Shilpa Nagar, Mirsarai. The amount of rent is USD 3,03,514.50 or equivalent Bangladeshi Taka per annum. (cont.)

IFADAUTOS 22-Aug-2021

The company has informed that the Board of Directors of IFAD Autos Limited has decided to invest BDT 80 (eighty) crore with a view to acquire 40% (percent) shares of the IFAD Multiproducts Limited subject to the approval by the shareholders/members in forth coming General Meeting of the company. IFAD Multiproducts Limited is one of sister concern of IFAD Group, having a common management. Furthermore, investing amount shall be financed from company's own fund.

IFADAUTOS 17-Jun-2021

The Company has informed that Bangladesh Economic Zones Authority (BEZA) has allotted 30 acres of land in favor of IFAD Autos Limited to develop and operate industries, run commercial activities and to construct onsite infrastructures at Bangabandhu Sheikh Mujib Shilpa Nagar, at Mirsarai-Feni Economic Zones. Furthermore, the land is being allotted on lease for 50 years on a rental basis. The Company will disclose all information immediately after making Deed with Bangladesh Economic Zones Authority.

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