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NTC

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NTC 23-Nov-2021

Trading of the shares of the Company will resume on 24.11.2021 after record date.

NTC 22-Nov-2021

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

NTC 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 with cum benefit from 21.11.2021 to 22.11.2021. Trading of the shares of the Company will remain suspended on record date i.e., 23.11.2021.

NTC 16-Nov-2021

(Continuation news of NTC): Though the lands are leased by the Company from the respective District Commissioners serving under the Government of the People's Republic of Bangladesh, the Company has certain obligation to protect the land from outsiders. The Company is not getting favorable judgement from different courts and there exist risk to loss possession the noted land thereby exposing risk of losing valuable asset of the Company. (end)

NTC 16-Nov-2021

The auditor of the National Tea Company Ltd has given the "Other matter" paragraphs in the Auditor's Report for the year ended on 30 June, 2021. Other matter: Several legal suits are pending against the use of land by different parties of Lackatoorah Tea Estate for 566.43 acres of land, Patrakhola Tea Estate for 250.00 acres of land, Madanmohanpur Tea Estate for 80.00 acres of land in the Honorable District Courts and the Honorable High Court. (cont.)

NTC 14-Nov-2021

(Q1 Un-audited): EPS was Tk. 3.45 for July-September 2021 as against Tk. 2.11 for July-September 2020; NOCFPS was Tk. 0.16 for July-September 2021 as against Tk. 13.97 for July-September 2020. NAV per share was Tk. 87.72 as on September 30, 2021 and Tk. 84.27 as on June 30, 2021.

NTC 02-Nov-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 November 11, 2021 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2021.

NTC 31-Oct-2021

(Continuation news of NTC): the Company transferred only Taka 10,260,229 to the recognized gratuity fund during the year considering the financial performance. So far, the accumulated balance at the funded gratuity fund stands at Taka 14,742,570 on the close of business as at 30 June 2021. There exists a shortfall of Taka 251,934,581 and as a result, the gratuity has not been funded to that extent. (end)

NTC 31-Oct-2021

(Continuation news of NTC): "an entity shall use the projected unit credit method to determine the present value of its defined benefit obligations and the related current service cost and, where applicable, past service cost". The Company has not performed any actuarial valuation that is a noncompliance as per IAS 19. Furthermore, (cont.9)

NTC 31-Oct-2021

(Continuation news of NTC): 3. Provision for gratuity: The Company has maintained and presented defined benefits plan (gratuity). During the year, the Company has shown gratuity amounting to Taka 266,677,151 which is calculated based on last drawn basic pay multiplied by number of service years as per the Company's policy. However, according to the Paragraph 67 of IAS 19: 'Employee Benefits' (cont.8)

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