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KTL

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KTL 20-Jan-2021

The auditor of Kattali Textile Limited has given the following "Disclaimer of Opinion" paragraph in the audit report of the Company prepared for the year ended on June 30, 2020. Basis for Disclaimer Opinion: The management of the company failed to provide us with required documents regarding realization & collection of revenue and purchase within due time. In addition to that, we were unable to perform physical stock count and find no other ways to satisfy ourselves by alternative means (cont.1)

KTL 20-Jan-2021

(Continuation news of KTL): concerning the inventory valuation and quantities held as per the statement of financial position at 30th June, 2020. Due to the outbreak of pandemic situation COVID -19 we were unable to perform our planned audit work within scheduled timeframe because of lack of cooperation and evidence provided by the management of the company. (cont.2)

KTL 06-Jan-2021

Credit Rating Agency of Bangladesh Limited (CRAB) has announced the Entity Rating of the Company as "BBB2" along with a stable outlook based on audited financial statements as on June 30, 2020, 2019, 2018 and bank liability position as on December 30, 2020.

KTL 22-Nov-2020

Trading of the shares of the Company will resume on 23.11.2020 after record date.

KTL 17-Nov-2020

Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 18.11.2020 to 19.11.2020. Trading of the shares of the Company will remain suspended on record date i.e., 22.11.2020.

KTL 01-Nov-2020

There will be no price limit on the trading of the shares of the Company today (01.11.2020) following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.

KTL 01-Nov-2020

(Continuation news of KTL): iii) Bonus share is not declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the Company or through reducing paid up capital or through doing anything so that the post dividend retained earnings become negative or a debit balance. (end)

KTL 01-Nov-2020

(Continuation news of KTL): The Company has also reported EPS of Tk. 1.43, NAV per share of Tk. 17.63 and NOCFPS of Tk. 1.70 for the year ended on June 30, 2020 as against Tk. 2.11, Tk. 18.01 and Tk. 1.45 respectively for the same period of the previous year. The Company has also informed that i) retained amount of bonus share is to be used as capital for future business expansion, ii) Bonus share is declared out of accumulated profit. (cont.2)

KTL 01-Nov-2020

The Board of Directors has recommended 2% cash for general shareholders excluding Sponsors & Directors and 8% stock dividend for all shareholders for the year ended on June 30, 2020. The Sponsors & Directors hold 3,26,48,611 shares out of total 10,76,90,000 shares of the Company and the cash dividend to be payable to the General shareholders is Tk. 1,50,08,277.80. Date of AGM: 24.12.2020, Time: 11:00 AM, Venue: Digital Platform. Record date: 22.11.2020. (cont.1)

KTL 21-Oct-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 October 29, 2020 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2020.

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