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RSRMSTEEL

All Eps Dividend Board Agm Q1 Q2 Q3

RSRMSTEEL 31-Mar-2021

The Company did not send Dividend Compliance Report as per Regulation-29 of the DSE (Listing), Regulations, 2015 in connection with disbursement of the declared dividend. However, BSEC has issued query letter to the company for sending the dividend compliance report accordingly.

RSRMSTEEL 03-Dec-2020

Trading of the shares of the Company will resume on 06.12.2020 after record date.

RSRMSTEEL 02-Dec-2020

Trading of the shares of the Company will remain suspended on record date i.e., 03.12.2020.

RSRMSTEEL 30-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 with cum benefit from 01.12.2020 to 02.12.2020. Trading of the shares of the Company will remain suspended on record date i.e., 03.12.2020.

RSRMSTEEL 29-Nov-2020

Referring to their earlier news disseminated on 04.01.2018 and 28.08.2019 regarding issuance of rights shares, the company informed that the Bangladesh Securities and Exchange Commission has regretted to process the application for proposed Right Issue of the company due to the failed to submit the updated documents within the stipulated time.

RSRMSTEEL 26-Nov-2020

(Continuation news of RSRMSTEEL): statements which describes that the company does not run any provident fund or gratuity fund. Our opinion is not modified in these regards. Note no 15.00-Creditors and Accruals: Balance of Value Added Tax-Current Account as on 30 June 2020 was BDT 66,249,370 and as on 30 June 2019 was BDT 0. (end)

RSRMSTEEL 26-Nov-2020

(Continuation news of RSRMSTEEL): have disclosed all the related parties and compensation of key management personnel in compliance with IAS 24. Emphasis of Matter: We draw attention to Value Added Tax - Current Account in note no. 15 to the financial statement which includes net VAT position of the company with NBR. The company has negative balance in the Value Added Tax - current account. Furthermore, we draw attention to note no 3.24 to the financial (cont.5)

RSRMSTEEL 26-Nov-2020

(Continuation news of RSRMSTEEL): the relevant amount. We also noted that the revenue balance was overstated by BDT 56,058,580. Disclosed in Related Party Transactions in note no. 34 to the financial statements, the company has not identified all related parties in compliance with IAS 24. In addition, the company has not disclosed related party transactions and compensation of key management personnel in compliance with IAS 24. In our opinion, the company should (cont.4)

RSRMSTEEL 26-Nov-2020

(Continuation news of RSRMSTEEL): of the company shown in note no. 04 to the financial statements. We could not obtain sufficient appropriate audit evidence regarding inventories of BDT 1,846,028,730 referred in note no. 07 to the financial statements. In addition, included in trade receivables in note no. 08 to the financial statements an amount of BDT 255,222,776 which has been remained outstanding since long. In our opinion the company should have impaired (cont.3)

RSRMSTEEL 26-Nov-2020

(Continuation news of RSRMSTEEL): amount of BDT 175,351,782 as advance against L/C both satisfy the property, plant and equipment (PPE) recognition criteria as per IAS-16. In our opinion, the company should have recognized the capital work in progress and advance against L/C as PPE and charged the associated depreciation in the financial statements. Furthermore, we were unable to assess the appropriateness of the book value of the Property, Plant and Equipment (cont.2)

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