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ILFSL

All Eps Dividend Board Agm Q1 Q2 Q3

ILFSL 27-Dec-2020

(Continuation news of ILFSL): performance appraisal and any approval from the Board. Moreover, a total of 37 (thirty-seven) contractual employees were employed by the company in the year of our audit without any Board approval. In addition, no tax was also deducted from the payment of salary and allowance to the contractual employees of the company during the year 2019 which is non-compliance with Section 50 of Income Tax Ordinance 1984. 09. Reference to (cont.19)

ILFSL 27-Dec-2020

(Continuation news of ILFSL): advances to a software provider which has been unadjusted for more than a year. This is non-compliance with the respective circular. 07. Reference Note # 20, interest expense on deposits and borrowings etc. include deposit mobilization expense of BDT 140,164,146. Reportedly this significant amount was spent as commission or pocket expense to procure deposit for the company during the year 2019 without any approval from the Board. (cont.17)

ILFSL 27-Dec-2020

(Continuation news of ILFSL): (means Outstanding Balance of a loan as on a particular date less deposit by a customer). No Board approval in this regard can be found during our audit. 03. An amount of Take 73,000,000 was disbursed beyond Board approved/sanctioned amounts of Take 30,000,000 to the account of a party as House Finance Loan having loan ID-HL#1742341-0-0 103,000,000 during years 2017 and 2018. 04. Reference Note # 11, as per FID circular (cont.13)

ILFSL 27-Dec-2020

(Continuation news of ILFSL): Reasons for such disbursements or bank transfers to these three companies' accounts without any formal arrangements or Board approval are unknown. iii. Leases, loans and advances also included taka 391,926,628 as Term Loan and Lease Finance since long under 06 (six) borrowers in FICL 2B and FICL3B. However, these loans are supposed to be adjusted but ILFSL has kept these loans unadjusted to defer the balanced amount (cont.12)

ILFSL 27-Dec-2020

(Continuation news of ILFSL): (TK.795541897) and 2019 (TK.424,400,000) and interest thereon is Taka 330,501,829. Reasons for such disbursements or bank transfers to these four companies' accounts are unknown as there were no formal arrangements or Board approval against these disbursements. ii. Leases, loans and advances also included Taka 104,500,000 as Term Loan under an existing, borrower namely Design & Source Limited (TL # 11812513-0-0). (cont.10)

ILFSL 05-Nov-2020

(Updated): The Board of Directors has recommended No Dividend for the year ended on December 31, 2019. The Company has also reported Consolidated EPS of Tk. (126.36), Consolidated NAV per share of Tk. (113.63) and Consolidated NOCFPS of Tk. (9.23) for the year ended on December 31, 2019 as against Tk. 0.51, Tk. 12.72 and Tk. (5.99) respectively for the same period of the previous year. Date, Time, Venue and Record Date of AGM will be notified later.

ILFSL 05-Nov-2020

The Board of Directors has recommended No Dividend for the year ended on December 31, 2019. The Company has also reported EPS of Tk. (126.36), NAV per share of Tk. (113.63) and NOCFPS of Tk. (9.23) for the year ended on June 30, 2020 as against EPS of Tk. 0.51, NAV of Tk. 12.72 and NOCFPS of Tk. (5.99) for the same period of the previous year. Date of AGM, Time, Venue and Record Date of AGM will be notified later.

ILFSL 01-Nov-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 November 04, 2020 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2020, Second Quarter (Q2) period ended on June 30, 2020 and Third Quarter (Q3) period ended on September 30, 2020.

ILFSL 01-Nov-2020

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 November 04, 2020 at 5:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2019.

ILFSL 24-Oct-2019

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 October 29, 2019 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2019.

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