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MEGHNAPET

All Eps Dividend Board Agm Q1 Q2 Q3

MEGHNAPET 23-Nov-2021

Trading of the shares of the Company will remain suspended on record date i.e., 24.11.2021.

MEGHNAPET 18-Nov-2021

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 21.11.2021 to 23.11.2021. Trading of the shares of the Company will remain suspended on record date i.e., 24.11.2021.

MEGHNAPET 04-Nov-2021

(Continuation news of MEGHNAPET): 9. As referred note no. 07 of financial statements "Advances, Deposits & Pre-Payments" on which "Advance Against Purchase of Soybean Oil" Tk. 18,472,709 has been presented which was carry forwarded balance from a long time. We couldn't verify this amount Tk. 18,472,709 with any reliable document. (end)

MEGHNAPET 04-Nov-2021

(Continuation news of MEGHNAPET): 7. As referred note no. 12 of financial statements "Liabilities for Expenses" on which "Dividend payable" amount Tk. 12,000,000 has been presented which were provisioned but not approved earlier year and Unapproved dividend payable balance carry forwarded from several years. 8. As referred note no. 11 of financial statements "Worker's Profit Participation Fund" Tk. 3,252,348 which amount still now unpaid. (cont.6)

MEGHNAPET 04-Nov-2021

(Continuation news of MEGHNAPET): stores having a carrying amount of Tk. 22,637,134 was limited, as we could not observe the physical inventory count as of June 30, 2021. As a result, we could not confirm the quantity & quality of stock & stores and value thereof and not confirm whether any adjustment is necessary which may have material effect on the Financial Statements. And also, that now there has no operating activities for that reason stock and stores movement is not available. (cont.5)

MEGHNAPET 04-Nov-2021

(Continuation news of MEGHNAPET): the company has not recognized deferred tax expense/income in the statement of profit or loss and other comprehensive income. 5. 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". 6. The evidence with respect to stock & (cont.4)

MEGHNAPET 04-Nov-2021

(Continuation news of MEGHNAPET): 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. 4. As per paragraph 58 of IAS -12 "Income Taxes" (cont.3)

MEGHNAPET 04-Nov-2021

(Continuation news of MEGHNAPET): 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 "Loan (Unsecured)" shows Tk. 148,500,000.00. We did not find update bank statement to confirm the amount as those loan accounts were classified. (cont.2)

MEGHNAPET 04-Nov-2021

The auditor of the Meghna Pet Industries Ltd. has given the "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. 3,910,753.00 during the year ended June 30, 2021 and several years the company recurring net loss and also shown negative shareholder's equity, (cont.1)

MEGHNAPET 31-Oct-2021

(Q1 Un-audited): EPS was Tk. (0.064) for July-September 2021 as against Tk. (0.07) for July-September 2020; NOCFPS was Tk. 0.00 for July-September 2021 as against Tk. 0.00 for July-September 2020. NAV per share was Tk. (4.61) as on September 30, 2021 and Tk. (4.29) as on September 30, 2020.

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