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RENWICKJA

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RENWICKJA 21-Nov-2021

Trading of the shares of the Company will remain suspended on record date i.e., 22.11.2021.

RENWICKJA 17-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 18.11.2021 to 21.11.2021. Trading of the shares of the Company will remain suspended on record date i.e., 22.11.2021.

RENWICKJA 28-Oct-2021

(Continuation news of RENWICKJA): 5. The Company need be considered Rule 18, Rule 21, Section 108 and Section 1084 in accordance with Income Tax Ordinance 1984'. (end)

RENWICKJA 28-Oct-2021

(Continuation news of RENWICKJA): physical verification of inventory could not be held by us for the year ended 30 June 2021 considering the health risks and Govt. declaration of enter country lockdown as per circular no. 04.00.0000.514.16 .003.20.199 dated as on 30 June 2021. 4. Deferred Tax effect need be implemented fully taking necessary measurement to that effect. (cont.9)

RENWICKJA 28-Oct-2021

(Continuation news of RENWICKJA): 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 its operation. During the year, the company has made net loss of Tk. 46,647,476 and this accumulated loss stood at Tk. 167,351,919 as on 30 June 2021. 3. As disclosed in Note # 5.00, Due to the pandemic situation of COVID-19 all over the world, (cont.8)

RENWICKJA 28-Oct-2021

(Continuation news of RENWICKJA): We noted that all these balances remained unreconciled as of 30 June 2021. During the audit, we sent confirmation to these inter-companies as part of our audit procedures to obtain sufficient 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 (cont.7)

RENWICKJA 28-Oct-2021

(Continuation news of RENWICKJA): 8. The Company has maintained a Gratuity fund with is indulge in company bank accounts without a separate bank accounts at Tk 33,283,645 as at 30 June 2021. Emphasis of matters: We draw attention on the matters disclosed as below: 1. As disclosed in note # 3.12, the Company recognized Tk. 220,431,120 as due from various Sugar Mills under Bangladesh Sugar and Food Industries Corporation (BSFIC) in the Statement of Financial Position as on 30 June 2021. (cont.6)

RENWICKJA 28-Oct-2021

(Continuation news of RENWICKJA): 6. Value Added Tax (VAT) was deducted at source but these amounts of deducted VAT not deposited to Govt. Treasury within due time up to 30 June 2021 resulting an existence of Payable amounting of Tk 7,679,362. 7. As disclosed in Note # 16.00, The Company should be disclosed details information regarding unpaid dividend as per BSEC circular no. BSEC/CMRRCD/2021-386/03 dated 14 January 2021. (cont.5)

RENWICKJA 28-Oct-2021

(Continuation news of RENWICKJA): which has been carried forward since long without any adjustment and the balance are being increased year to year by the interest amount. 5. As disclosed in note # 19.00, Renwick, Jajneswar & Co. (BD) Limited deducted withholding tax amounting to Tk. 3,880,092 up to 30 June 2021 but not deposited & submitted withholding tax returns under Section 75(A). (cont.4)

RENWICKJA 28-Oct-2021

(Continuation news of RENWICKJA): Foreign Currency Loan (China Credit) as disclosed in note # 14.01, amounting to Tk. 5,023,620, ADP Local Currency Loan (BMRE) as disclosed in note # 14.02, amounting to Tk. 16,900,000, which represent insufficient audit evidence and it has been carried forward since long. 4. As disclosed in note # 14.03 and note # 14.04, Interest provision on ADP Loan (BMRE) and Foreign Currency Loan (China Credit) amounting to Tk. 46,386,100 and 6,890,262 respectively, (cont.3)

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