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RENWICKJA

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RENWICKJA 17-Nov-2020

Trading of the shares of the Company will resume on 18.11.2020 after record date.

RENWICKJA 16-Nov-2020

Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2020.

RENWICKJA 12-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 15.11.2020 to 16.11.2020. Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2020.

RENWICKJA 28-Oct-2020

(Continuation news of RENWICKJA): its operation. During the year, the Company has made net loss of tk. 64,703,090 and this accumulated loss stood at tk. 120,704,444 as on 30 June 2020. 3. Deferred Tax effect need be implemented fully taking necessary measurement to that effect. (end)

RENWICKJA 28-Oct-2020

(Continuation news of RENWICKJA): appropriate evidence. As of the date of auditor's report, we are yet to receive any responses to that effect. 2.As disclosed in note # 2.02 the financial Statements of the Company have been prepared on the assumption that the Company is a going concern and will continue its business for the foreseeable future. Hence, it is assumed that the Company has neither intention nor need to liquidate or curtail materially the scale of (cont.6)

RENWICKJA 28-Oct-2020

(Continuation news of RENWICKJA): disclosed as below: 1. As disclosed in note # 3.12 the Company recognized tk 346,815,091 as due from various Sugar Mills under Bangladesh Sugar and Food Industries Corporation (BSFIC) in the statement of financial position as on 30 June 2020. We noted that all these balances remained unreconciled as of 30 June 2020. During the audit, we sent confirmation to these inter companies as part of our audit procedures to obtain sufficient (cont.5)

RENWICKJA 28-Oct-2020

6

RENWICKJA 28-Oct-2020

(Continuation news of RENWICKJA): to Govt. Treasury within due time up to 30 June 2020 resulting an existence of payable amounting of tk. 84,60,268. 6) The company has made prior year adjustment of tk. 37,460,891 for the year ended 30 June 2020 with statement of profit and loss and other Comprehensive Income. Prior year adjustment should be made with the effect of IAS -8. Emphasis of Matter: Without qualifying our opinion, we draw attention on the matters (cont.4)

RENWICKJA 28-Oct-2020

(Continuation news of RENWICKJA): amounting tk. 5,023,620, ADP local currency Loan (BMRE) amounting to tk. 16,900,000 being carried forward since long. 4) As disclosed in note 19 Renwick, Jajneswar & Co (BD) Lt. deducted withholding tax amounting to tk. 44,48,618 up to 30 June 2020 but not deposited & submitted withholding tax returns under section 75 (A). 5) Value added tax (VAT) was deducted at source but this amount of deducted VAT not deposited (cont.3)

RENWICKJA 28-Oct-2020

(Continuation news of RENWICKJA): tk 310,576,928 but they could not give any satisfactory explanation to that effect. 2)Trade and other receivable for aggregate amounting to tk. 310,576,928 could not be verified satisfactorily in absence of aging analysis subsequent collection statement and confirmation of balances. 3)No documentary evidence were produced to us in support of quasi equity loan from Govt. loan amounting to tk 100,598,002, foreign currency loan (China Credit) (cont.2)

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