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MEGCONMILK

All Eps Dividend Board Agm Q1 Q2 Q3

MEGCONMILK 04-Nov-2021

(Continuation news of MEGCONMILK): "Income Taxes". 6. The company has not provided required disclosure regarding compensation package of key management personnel, who is the related parties of the company which is non-compliance of paragraph 17 of IAS-24 "Related Party Disclosures". 7. As referred note no. 4 of financial statements "Inventories" shown Taka 80,187,800.00 which was fully certified by management. 8. As referred note no. 14 of financial statements(cont.5)

MEGCONMILK 04-Nov-2021

(Continuation news of MEGCONMILK): 4. As per paragraph 58 of IAS-12 "Income Taxes" the company has not recognized deferred tax expense/income in the statement of profit or loss and other comprehensive income. 5. The company has transferred the depreciation on revaluation surplus of asset from revaluation reserve to retained earnings without adjustment of deferred tax on depreciation on revaluation surplus which is non-compliance of paragraph 20 and 64 of IAS-12 (cont.4)

MEGCONMILK 04-Nov-2021

(Continuation news of MEGCONMILK): shows taka 642,775,645.00. We did not find update bank statement to confirm the amount as those loan accounts were classified. And also that the management did not present current portion of long term loan as per IAS-1 para 60 and 61. 3. According to clause 5(2)(e) of the BSEC notification (No. BSEC/CMRRCD/2006-158/208/Admin/81-dated 20 June 2018 the management did not present any disclosures on reconciliation of the statement of cash flows. (cont.3)

MEGCONMILK 04-Nov-2021

(Continuation news of MEGCONMILK): by tk. 442,136,666.00 and several years the company recurring net loss and also shown negative shareholder's equity, negative retained earnings, negative net asset value per share, negative net profit after tax and negative earnings per share that indicate a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. 2. As referred note no. 10 of financial statements "Bank Loan" (cont.2)

MEGCONMILK 04-Nov-2021

The auditor of the Meghna Condensed Milk Industries Ltd. has given the "Going Concern" & "Qualified Opinion" paragraphs in the Auditor's Report for the year ended on 30 June, 2021. Basis for Qualified Opinion: 1. We draw attention to "Statement of Profit or Loss and other Comprehensive Income" which indicates that the company incurred a net loss of Tk. 132,176,049.00 during the year ended June 30, 2021 and as of the date the company's current liabilities exceeded its total assets (cont.1)

MEGCONMILK 31-Oct-2021

(Q1 Un-audited): EPS was Tk. (1.96) for July-September 2021 as against Tk. (2.04) for July-September 2020; NOCFPS was Tk. (0.023) for July-September 2021 as against Tk. (0.14) for July-September 2020. NAV per share was Tk. (69.77) as on September 30, 2021 and Tk. (61.58) as on September 30, 2020.

MEGCONMILK 27-Oct-2021

There will be no price limit on the trading of the shares of the Company on 28.10.2021 following its corporate declaration.

MEGCONMILK 27-Oct-2021

The Board of Directors has recommended No dividend for the year ended on June 30, 2021. Date of AGM: 23.12.2021, Time: 10:30 AM, Venue: Meghna Community Centre, Meghna Industrial Complex-2, Baral, Baghmara, Sadar South, Comilla. Record Date: 24.11.2021. The Company has also reported EPS of Tk. (8.26), NAV per share of Tk. (67.81) and NOCFPS of Tk. (0.85) for the year ended on June 30, 2021 as against Tk. (7.67), Tk. (59.55) and Tk. 0.77 respectively for the same period of the previous year.

MEGCONMILK 17-Oct-2021

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 31, 2021 at 2:35 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2021.

MEGCONMILK 17-Oct-2021

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 27, 2021 at 2:35 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2021.

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