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REGENTTEX

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REGENTTEX 26-Jan-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 January 30, 2021 at 2:45 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2020.

REGENTTEX 15-Dec-2020

Credit Rating Information and Services Limited (CRISL) has rated the Company as "A-" in the long term and "ST-4" in the short term along with stable outlook in consideration of its audited financials up to June 30, 2020; unaudited financials up to September 30, 2020 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

REGENTTEX 14-Dec-2020

(Continuation news of REGENTTEX): Although the business operation and profitability of the company are impacted due to COVID 19, but as the situation is constantly changing and there is no certainly at present as to how long the situation will prevail, the potential impact of COVID 19 related matters on the company's operation and financial results cannot be reasonably assessed. (end)

REGENTTEX 14-Dec-2020

(Continuation news of REGENTTEX): Management considered COVID 19 as subsequent event and in accordance with IAS 10 has concluded that this is a non-adjusting event (i.e. an event after the reporting period that is indicative of a condition that arise after the end of the reporting period) because the significant changes in business activities and economic conditions as a result of COVID 19 events took place well after the reporting date of 30 June 2020. (cont.5)

REGENTTEX 14-Dec-2020

(Continuation news of REGENTTEX): respiratory disease commonly called as COVID-19. To contain the spread of this disease, along with many other countries of the world, Government of Bangladesh has also taken a number of measures such as declaration of general holiday, enforcement of lock down, social distancing etc. As a result of these measures all business and economic activities are adversely affected which would also impact the company as well. (cont.4)

REGENTTEX 14-Dec-2020

(Continuation news of REGENTTEX): and lease liabilities for short-term leases that have a lease term of 12 months or less and leases of low value assets. The Company will recognize the lease payments associated with these leases as an expenses on straight-line basis over the lease term as applicable. Note 2.9- COVID 19 Issue: Subsequent to year-end, on 11 March 2020, World Health Organization (WHO) declared a global pandemic due to Corona Virus related (cont.3)

REGENTTEX 14-Dec-2020

(Continuation news of REGENTTEX): Note 3.2 Leases: The Company has not applied IFRS 16 using the modified retrospective approach and therefore the comparative information has been restated and continues to be reported under IAS 17. i) As a lessee: The Company treated all rent as a cancelable short-term leases and leases of low-value assets. Currently the Company has short-term lease of low value assets. The Company will not recognize right of use (ROU) assets (cont.2)

REGENTTEX 14-Dec-2020

The auditor of the Regent Textile Mills Limited has given the "Emphasis of Matter" paragraphs in the Auditor's Report for the year ended on 30 June 2020. Emphasis of Matter: We draw attention to the note #3.2 & 2.9 to the financial statements, which describes management's explanation regarding the implementation of FRS 16 leases and impact of Covid 19 on the business operation of the company. Our opinion is not modified in respect of this matter. (cont.1)

REGENTTEX 09-Dec-2020

Trading of the shares of the Company will resume on 10.12.2020 after record date.

REGENTTEX 08-Dec-2020

Trading of the shares of the Company will remain suspended on record date i.e., 09.12.2020.

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