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POWERGRID

All Eps Dividend Board Agm Q1 Q2 Q3

POWERGRID 22-Dec-2019

Trading of the Shares of the Company will resume on 23.12.2019 after record date.

POWERGRID 19-Dec-2019

Trading of the shares of the Company will remain suspended on record date i.e., 22.12.2019.

POWERGRID 17-Dec-2019

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 18.12.2019 to 19.12.2019. Trading of the shares of the Company will remain suspended on record date i.e., 22.12.2019.

POWERGRID 28-Nov-2019

The Company has informed that the BSEC has given its consent for raising the paid-up capital of the Company from existing Tk. 460,91,29,910.00 to Tk. 712,72,69,910.00 only through issuance of 25,18,14,000 ordinary shares of Tk. 10.00 each totaling Tk. 251,81,40,000.00 only to Bangladesh Power Development Board (BPDB), one of the existing shareholders of the company, in non-cash consideration against Vendor's Agreement.

POWERGRID 27-Nov-2019

(Continuation news of POWERGRID): 2. The Company has not disclosed net asset value per share, net operating cash flow per share and reconciliation of net income or net profit with cash flow from operating activities making an adjustment for non-cash items, for non-operating items and the net changes in operating accruals. It is a non-compliance of para-5 of notification no. BSEC/CMRRCD/2006/-158/208/Admin/81 dated 20 June 2018. (end)

POWERGRID 27-Nov-2019

(Continuation news of POWERGRID): Other Matters: 1. The financial statements of the Company as at and for the year ended 30 June 2018 were audited by other auditors who expressed a modified opinion on those statements on 01 November 2018. (cont. 18)

POWERGRID 27-Nov-2019

(Continuation news of POWERGRID): and other receivables as on 30 June 2019 and Tk. 3,240,307,900 as on 30 June 2018. 6. The Company has accumulated a balance of provision against gratuity amounting to BDT 3,114,689,871 of which BDT 322,980,496 is for the current year. The Company carries an unfunded gratuity scheme for its employees and provision is made as per the Company's gratuity policy for which no actuarial valuation was done though required under IAS 19: Employee Benefits. (cont. 17)

POWERGRID 27-Nov-2019

(Continuation news of POWERGRID): BDT 3,106,231, BDT 1,192,078,169, BDT 5,439,000, BDT 107,357,277, BDT 65,797, BDT 6,433,733 and BDT 1,560,621 respectively. In our opinion, the Company is very unlikely to recover the amounts in full. If adequate provisions were made for the above, the earnings per share (EPS) and net asset value (NAV) for the year 2018-19 Would have been adversely affected to that extent. Note No. 8: The Company reported an amount of BDT 5,542,285,929 as accounts (cont. 16)

POWERGRID 27-Nov-2019

(Continuation news of POWERGRID): BDT 6,433,733 and BDT 1,560,621 respectively. The amount of BDT 5,439,000, receivable from RPC is being carried forward since FY 2004-05, though 100% provision had been made against the same. Other amounts as stated above are increasing year by year till to date. It includes disputed amounts with DPDC, DESCO, BPDB, RPC, PBS, WZPDCL, M/S Abul Khair Steel Product and BWDB GK Project (Bheramara, Kushtia) amounting to BDT 611,824,767, (cont. 15)

POWERGRID 27-Nov-2019

(Continuation news of POWERGRID): 5. As disclosed in note # 8 to the financial statements, the Company reported an amount of BDT 5,542,285,929 as receivables from transmission/wheeling and optical fiber charges. It includes receivables from DPDC, DESCO, BPDB, RPC, PBS, WZPDCL, M/S Abul Khair Steel Product and BWDB GK Project (Bheramara, Kushtia) amounting to BDT 1,112,318,607, BDT 319,992,566, BDT 1,910,533,381, BDT 5,439,000, BDT 1,819,975,742, BDT 194,670,991, (cont. 14)

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