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SHYAMPSUG

All Eps Dividend Board Agm Q1 Q2 Q3

SHYAMPSUG 31-Oct-2021

(Continuation news of SHYAMPSUG): the long term loan into current portion and non-current portion. Due to Financial difficulty, and present the company is unable to pay any loan liability during the year. 6. Due to the company has been suffering recurring loss from operation that effectively made net capital deficiency of Tk. (5,572,616,564) in total and Tk. (1,114.52) per share at the year end. 7. According to the company published policy in respect of depreciation of PPE. (cont.5)

SHYAMPSUG 31-Oct-2021

(Continuation news of SHYAMPSUG): concern basis. 4. During the year, the company had no production as a result of production suspend order issued by the Government of Peoples Republic of Bangladesh. 5. At the year end, the loan balance of the company stood of Tk. 311,077,175 and Tk. 1,791,774,324 as long term loan and short term loan respectively. Both loan was classified by the lending bank due to non-payment of loan when they fall due. Furthermore, the company didn't split(cont.4)

SHYAMPSUG 31-Oct-2021

(Continuation news of SHYAMPSUG): net capital deficiency of the operation activity of Saympur Sugar Mills Limited for infinity period. As such, the preparation of the financial statements of the company for the year June 30, 2021 under going concern basis may no longer appropriate. So, the financial statements for the year June 30, 2021 should be prepared on breakup basis, if going concern assumption is not appropriate rather than preparation of these Financial Statements under going (cont.3)

SHYAMPSUG 31-Oct-2021

(Continuation news of SHYAMPSUG): debiting in Welfare Fund Lability of Tk. 8,932,749 with correspond credit entry in Provident Fund lability without proper authorization as per company policies. No explanation in respect of this adjustment is received from the management of the company. 3. The government of peoples Republic of Bangladesh has decided to suspend due to recurring loss, high production cost, (cont.2)

SHYAMPSUG 31-Oct-2021

The auditor of the Shyampur Sugar Mills Ltd. has given the " Adverse Opinion " paragraphs in the Auditor's Report for the year ended on 30 June, 2021. Adverse Opinion: Basis for Adverse opinion: 1. The inventory balance is overstated by Tk. 5,950,889 in compare with store record report. The loss for the year and retained loss at the year-end will be increased by that amount, if such correction/written off adjustment is taken place. 2. An adjustment (Journal)voucher has been posted by (cont.1)

SHYAMPSUG 28-Oct-2021

(Continuation news of SHYAMPSUG): 3.Net Operating Cash Flow has been increased during this accounting period due to cash payment from expenses has been decreased compared to the last year. (end)

SHYAMPSUG 28-Oct-2021

(Continuation news of SHYAMPSUG): The Company has also informed that the reasons of significant deviation for following reasons: 1.Earning per Share (EPS) is increased of this accounting year due to general administrative expenses decreased compare to last year. 2. Net assets value (NAV) is decreased of this accounting year due to current liability is increased and cumulative loss is increased compare to the last year. (cont. 2)

SHYAMPSUG 28-Oct-2021

(Q1 Un-audited): EPS was Tk. (21.62) for July-September, 2021 as against Tk. (25.15) for July-September, 2020; NOCFPS was Tk. 0.12 for July-September, 2021 as against Tk. (0.43) for July-September, 2020. NAV per share was Tk. (1136.14) as on September 30, 2021 and Tk. (1114.52) as on June 30, 2021. (cont. 1)

SHYAMPSUG 28-Oct-2021

There will be no price limit on the trading of the shares of the Company today (28.10.2021) following its corporate declaration.

SHYAMPSUG 28-Oct-2021

(Continuation news of SHYAMPSUG): 4. Net assets value (NAV) is decreased of this accounting year due to loan liability and current liability and cumulative loss is increased compare to the last year. 5. Net Operating Cash Flow has been increased during this accounting period due to payment of suppliers and other expenses has been decreased compared to the last year. (end)

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