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SAVAREFR

All Eps Dividend Board Agm Q1 Q2 Q3

SAVAREFR 18-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 26, 2021 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2020.

SAVAREFR 18-Nov-2020

Trading of the shares of the Company will remain suspended on record date i.e., 19.11.2020.

SAVAREFR 15-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 16.11.2020 to 18.11.2020. Trading of the shares of the Company will remain suspended on record date i.e., 19.11.2020.

SAVAREFR 11-Nov-2020

(Q1 Un-audited): EPS was Tk. (0.25) for July-September 2020 as against Tk. (0.21) for July-September 2019; NOCFPS was Tk. 2.03 for July-September 2020 as against Tk. 0.05 for July-September 2019. NAV per share was Tk. 2.63 as on September 30, 2020 and Tk. 2.88 as on June 30, 2020. The Company also informed that decrease in Inventory, decrease in Trade Debtors and Increase in Advance against sale are the main reason of the significant increase in NOCFPS per share this year than previous year.

SAVAREFR 04-Nov-2020

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 November 11, 2020 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2020.

SAVAREFR 29-Oct-2020

(Continuation news of SAVAREFR): 4. The advance income taxes of the company included of Tk. 2,477,158 which has previously been adjusted with prior year(s) tax liability, but still it is being carried as advance income tax asset. lf such AIT is written off, then NAV of the company will be reduced by that amount and disclosed NAV per share would be Tk.1.10 instead of current disclosed NAV per share of Tk.2.88. (end)

SAVAREFR 29-Oct-2020

(Continuation news of SAVAREFR): losses & subsequent net loss since 2013-14 recurring losses from operations poor current ratio (stood 0.38:1) and deficiency of production capacity by 54.40% that raise doubt about its ability to continue as going concern. 3. As per labor act 2006, sec-234, the company must have to pay WPPF liability within 09 months form the accounting year end. The company is carrying forward WPPF liability of taka 729,503 at the year. (cont.4)

SAVAREFR 29-Oct-2020

(Continuation news of SAVAREFR): held on June 11, 2020 even though the current auditors has completed his consecutive three years statutory auditor. The Securities Law and DSE listing regulation, 2015 requires to changes the statutory auditor after exceeding consecutive three years. 2. The accompanying financial statements have been prepared assuming that the company will continue as going concern. The company has been suffering from running operation (cont.3)

SAVAREFR 29-Oct-2020

(Continuation news of SAVAREFR): 2020 was confirmed by the company's shareholders. However, the board of directors has given their consent to approve the financial statements for the year June 30, 2017, June 30, 2018, June 30, 2019 and June 30, 2O20 in the company's board meeting. The board of directors have filled up the casual vacancy of statutory auditors by appointing current auditors for the financial year 2019-2020 in the company's 31Oth board meeting (cont.2)

SAVAREFR 29-Oct-2020

The auditor of Savar Refractories Limited has given the following "Qualified Opinion" paragraph in the audit report of the Company prepared for the year ended on June 30, 2020. Qualified Opinion: 1. The company did not call AGM since financial year 2016-2017. AS Such, neither the company's financial statements were approved by shareholders through ordinary resolution, nor auditors' appointment for the year June 30, 2017, June 30, 2018, June 30, 2019 nor June 30, (cont.1)

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