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MEGCONMILK

All Eps Dividend Board Agm Q1 Q2 Q3

MEGCONMILK 26-Nov-2020

Trading of the shares of the Company will resume on 29.11.2020 after record date.

MEGCONMILK 25-Nov-2020

Trading of the shares of the Company will remain suspended on record date i.e., 26.11.2020.

MEGCONMILK 22-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 from 23.11.2020 to 25.11.2020. Trading of the shares of the Company will remain suspended on record date i.e., 26.11.2020.

MEGCONMILK 18-Nov-2020

(Continuation news of MEGCONMILK): And also, we could not find any valid documents against this investment. The present scenario of the company it is a material effect on the financial performance. And also, it is shown as "Related Party Disclosure" note # 19 in the financial statements. (end)

MEGCONMILK 18-Nov-2020

(Continuation news of MEGCONMILK): 10. During the audit we could not verify monthly VAT return. Emphasis of Matter: We draw attention on the following matters in respect of which our opinion is not qualified: 1) As disclosed in Note # 7 to the financial statements "Unsecured Loan" amount taka 25,900,000 which represents investment in company's sister concern but there is no financial gain from this investment. (cont.6)

MEGCONMILK 18-Nov-2020

(Continuation news of MEGCONMILK): or not. 8. As referred note no. 18 of financial statements "Financial Expenses" shows taka 104,094,704.00 out of which taka 90,274,948.00. We did not get any bank statement to confirm the amount as those loan accounts were classified. 9. As referred note no. 10 of financial statements "Bank Loan" shows taka 642,775,645.00. We did not find update bank statement to confirm the amount as those loan accounts were classified. (cont.5)

MEGCONMILK 18-Nov-2020

(Continuation news of MEGCONMILK): we did not find any bank statement to confirm the amount as those loan accounts were classified. 6.As referred note no. 12 of financial statements "Liabilities for Expenses & Other Finance" Taka 363,332,907.00 out of which Taka 361,097,992.00 is provision of bank interest included in the amount. 7. There is contingent liability Taka 533,630,126.00 for which is carrying forwarded for last few years and it is not clear whether it is still exist (cont.4)

MEGCONMILK 18-Nov-2020

(Continuation news of MEGCONMILK): 8 of financial "Cash & Cash Equivalent" where Cash in hand shows Taka. 31,536,849 which was fully certified by management. 4. As referred note no. 4 of financial statements "Inventories" shows Taka 80, 187,800.00 which was fully certified by management. 5.As referred note no. 11 of financial statements "Cash Credit & Overdrafts" shows taka 353,416,026.00 out of which taka 227,790,731.00 for which (cont.3)

MEGCONMILK 18-Nov-2020

(Continuation news of MEGCONMILK): 28 of Dhaka Stock Exchange (Listing Regulation 2015) declared dividend are supposed to be paid within 30 days of approval. Till now which amount is unpaid. 2. IAS: 12 "Income Taxes" has not been applied by the company specially there is no impact of deferred tax on the financial statement which is material effect to or settle of an asset or liability that the company expects from it carrying of assets or liability. 3. As referred note no. (cont.2)

MEGCONMILK 18-Nov-2020

The auditor of the Meghna Condensed Milk Industries Ltd has given the "Qualified Opinion"& "Emphasis of Matter" paragraphs in the Auditor's Report for the year ended on 30 June 2020. In this regard, we may disseminate the following news through our online trading system: Qualified Opinion: 1. As referred note no. 14 of financial statements "Dividend payable" amount taka 1,673,604 has been presented which were declared and approved earlier year, as per regulation (cont.1)

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