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JUTESPINN

All Eps Dividend Board Agm Q1 Q2 Q3

JUTESPINN 26-Nov-2019

(Continuation news of JUTESPINN): that permission required to supply any document as that submit a money suit against our company. 13. The Management seems that no provision is required against advance because all the amount will be recovered after restart the mill. Emphasis Matter: i) Interest could not be provided due to take of Bank Statement of P.C Loan. However, it will be provided later on. ii) The claim of west zone Power Distribution Co. Ltd. will be accounted for on payment basis. (end)

JUTESPINN 26-Nov-2019

(Continuation news of JUTESPINN): for more than 30 months. In such a case provision for gratuity is out of question. If the mill restarts, all the problem will be solve gradually. 10. Transaction with directors were made in cash due to the emergency causes only. 11. The Bank does not provide statement of P.C Loan. But interest has been provided on the balance @ 13%. 12. We could not collect the ERQ account statement from Janata Bank Ltd., Local Office, Dhaka. The Bank informed verbally (cont. 5)

JUTESPINN 26-Nov-2019

(Continuation news of JUTESPINN): due to the fact that the interest/profit may not be paid during the year. 7. Property, Plant and Equipment: Property, Plant and Equipment is properly in existence but the physical inventory was not taken due to the fact that the mill is closed since June,2016. 8. WPPF: The management will take necessary steps to comply with all the legal requirement in respect of WPPF account. 9. Gratuity Provision: The Company is not paying workers wages & staff salary (cont. 4)

JUTESPINN 26-Nov-2019

(Continuation news of JUTESPINN): June, 2016 proper steps to be taken immediately after re-start of mill at soonest possible time. 5. The Managing Director & CEO Mr. Muhammad Shams-uz Zoha willingly pay Tk. 19,236,541/- in two years for the existence of the company on some humanitarian grounds. He would not take interest and the loan amount may be refunded back after the company return to a solvent position. 6. Interest/profit on loan from Ayasha Kadir has not been provided (cont. 3)

JUTESPINN 26-Nov-2019

(Continuation news of JUTESPINN): the mill is closed since June,2016 and all business and related activities disrupted accordingly. However, the management will take necessary steps to re-value the property, plant & equipments and comply the direction of IAS-16, Para 31 accordingly immediately after re-start of mill.3. Proper steps will be taken under para 9 of IAS-36 immediately after re-start of mill. 4. Inventory: Inventory are carried forward from the previous year as the mill is closed since (cont. 2)

JUTESPINN 26-Nov-2019

Qualified Opinion: 1. Material Uncertainty Related to Going Concern: Unfortunately, the Company is passing through a critical time arisen from dull international jute goods market which indicates clearly a material uncertainty in respect of going concern. But the management assured that the uncertainty will be removed very soon because the management is trying afresh to overcome the rough situation by all means. 2. Revaluation of Property, Plant and Equipment: Unfortunately, (cont. 1)

JUTESPINN 18-Nov-2019

Trading of the Shares of the Company will resume on 19.11.2019 after record date.

JUTESPINN 17-Nov-2019

Trading of the shares of the Company will remain suspended on record date i.e., 18.11.2019.

JUTESPINN 13-Nov-2019

(Q1 Un-audited): EPS was Tk. (10.24) for July-September 2019 as against Tk. (14.32) for July-September 2018; NOCFPS was Tk. (0.36) for July-September 2019 as against Tk. (2.05) for July-September 2018. NAV per share was Tk. (313.80) as on September 30, 2019 and Tk. (271.69) as on September 30, 2018.

JUTESPINN 11-Nov-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 November 12 , 2019 at 3.00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2019.

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