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KPPL

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KPPL 23-Jan-2020

DSE NEWS: The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase security of Khulna Printing & Packaging Limited in between 1st to 30th trading day after change of categorization, with effect from January 26, 2020 as per BSEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated October 27, 2015.

KPPL 23-Jan-2020

The Company will be placed in 'B' category from existing 'Z' category with effect from January 26, 2020 as the Company has reported disbursement of 1% cash dividend (excluding Sponsors & Directors) for the year ended on June 30, 2019.

KPPL 23-Jan-2020

The Company has informed that it has disbursed the cash dividend for the year ended on June 30, 2019 to the respective shareholders' Bank Accounts through BEFTN system. Cash Dividend Warrant have been dispatched through courier service to those shareholders who do not have compatible BEFTN/online bank account.

KPPL 23-Jan-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 January 28, 2020 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2019.

KPPL 26-Nov-2019

(Continuation news of KPPL): Out of total outstanding loans of Tk. 483,322,866, the Company has classified loans as Bad or Loss (B/L) under Murabaha (Trust Receipt) loan of Tk. 99,477,344 and under MPI (Trust Receipt) of Tk. 120,008,699 and under BaiMuazzal (Gen) MEF of Tk. 1,833,583 as per outstanding liablity position as on 30 June 2019 provided by the bank. (end)

KPPL 26-Nov-2019

(Continuation news of KPPL): various credit facilities from Al -Arafah Islami Bank Ltd.Note 29.00 Bank Loan: Balance of Bank Loan was Taka 483,322,866 as on 30.06.2019 & Taka 432,293,357 as on 30.06.2018. The above loan facilities from Al -Arafah Islami Bank Ltd, are secured by the land and building of the Company as well as personal guarantee of all the directors. The loan has been carrying with interest at the rate of 13%-14%. (cont. 14)

KPPL 26-Nov-2019

(Continuation news of KPPL): as compared to corresponding period of the previous year. Therefore, Management believes the Company has adequate access to resources to continue to operate as a going concern and hence, adopted the basis of going concern in the preparation and presenation of the financial statements. b) As described in Note # 29 to the financial statements, the Company has classified loans in the form of B/L (Bad or Loss) of Tk. 221,319,626 under (cont. 13)

KPPL 26-Nov-2019

(Continuation news of KPPL): Note 18.07 Going Concern: The Company has been able to resume its production during the year following temporary shutdown of its production which was haulted because BIN of the Company was locked down by the Customs authority. The Management of the Company has performed assessment forcasting its projected performance for the next financial year. The Company has been generating enough revenue as evidenced by its subsequent increase in sales revenue (cont. 12)

KPPL 26-Nov-2019

(Continuation news of KPPL): 2. Quality of raw materials in hand and in transit became deterioted and the financial loss could not be finalised as at June 30, 2019 because it is still with customs authority. Note 60.00 Commercial operation of the Company re-started from the dated November 30, 2018 and turnover was low, wastages of raw materials of the Company was high due to close of operation for several years lead to significant loss during the year. (cont. 11)

KPPL 26-Nov-2019

(Continuation news of KPPL): Taka 392,394,015 as on 30.06.2019 and Taka 15,650,954 as on 30.06.2018. Due to non-operation during last several years raw materials became wastages so the cost of goods sold became high. Note 57.00 Events After the Reporting Period 1. The Board of Directors of the Company, in its meeting held on 28.10.2019 decided to recommend 1% cash dividend from retained profit for shareholders excluding the Directors and Sponsors for the year ended June 30, 2019. (cont. 10)

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