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KPPL

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KPPL 25-Apr-2017

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 April 29, 2017 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2017.

KPPL 01-Feb-2017

(Q2 Un-audited): EPS was Tk. (0.02) for October-December, 2016 as against Tk. 0.07 for October-December, 2015; EPS was Tk. (0.10) for July-December, 2016 as against Tk. 0.22 for July-December, 2015. NOCFPS was Tk. 0.10 for July-December, 2016 as against Tk. (0.88) for July-December, 2015. NAV per share with revaluation surplus was Tk. 17.01 as of Dec. 31, 2016 and Tk. 17.12 as of June 30, 2016. NAV per share without revaluation surplus was Tk. 14.94 as of Dec. 31, 2016 and Tk. 15.01 as of June 30,2016.

KPPL 26-Jan-2017

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 31, 2017 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2016.

KPPL 18-Jan-2017

(continuation news of KPPL): The highest bench of the Appellate Division of the Supreme Court of Bangladesh led by the Chief Justice had instructed NBR on 01.11.2015 to take necessary legal actions to collect the evaded tax of Tk. 271,72,44,100 from Khulna Printing & Packaging Limited. (end)

KPPL 18-Jan-2017

(continuation news of KPPL): which caused the imported raw materials of the company to be locked and unreleased and that's why the Company had to stop its production for shortage of raw materials. However, the statement of the Company is prevaricated and complete misrepresentation of the Order made by the highest bench of the Appellate Division of the Supreme Court of Bangladesh. (cont. 6)

KPPL 18-Jan-2017

(continuation news of KPPL): It is also mentionable that this is one of the largest tax evasions in the recent periods that has come in the observation of NBR. It is also noted that the company mentioned in the 2nd and 3rd paragraph of their letter sent to BSEC that despite having Order of the Hob'ble High Court Division of the Supreme Court of Bangladesh, NBR and customs authority did not renew the license of the Company (cont. 5)

KPPL 18-Jan-2017

(continuation news of KPPL): has issued an Order directing the Company to deposit a total of Tk. 371,72,44,100 (including Tk. 100.00 Crore as fine imposed on them for evading tax) to Govt. treasury. Khulna Printing & Packaging Limited has made an Appeal Application before Customs, Excise and VAT Appellate Tribunal, Dhaka against the Order made by the Customs Bond Commissionerate, which is still pending (sub-judice). (cont. 4)

KPPL 18-Jan-2017

(continuation news of KPPL): NBR, upon receiving order from the Honorable Court to collect the evaded amount of tax from Khulna Printing & Packaging Limited, instructed the Customs Bond Commissionerate, Dhaka to take appropriate legal measures regarding this matter. Accordingly, after following all necessary legal procedures in relation to case of tax evasion by the Khulna Printing & Packaging Limited, the Customs Bond Commissionerate, Dhaka (cont. 3)

KPPL 18-Jan-2017

(continuation news of KPPL): It is to be mentioned that Khulna Printing & Packaging Limited is a company with high degree of tax evasion. Based on a complaint against this Company for evading tax of Tk. 271,72,44,100 which was placed to full bench of the Appellate Division of the Supreme Court of Bangladesh led by the Chief Justice, the Appellate Division directed NBR to collect Tk. 271,72,44,100 as tax from the company which they have evaded. (cont. 2)

KPPL 18-Jan-2017

With reference to their earlier news disseminated on 03.01.2017 with regard to "Decision to stop production temporally", National Board of Revenue (NBR) has informed that the news provided by the Company was not true. Justifications provided by NBR are as follows: (cont. 1)

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