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SONALIANSH

All Eps Dividend Board Agm Q1 Q2 Q3

SONALIANSH 29-Nov-2020

(Continuation news of SONALIANSH): kept by the company under the head "Workers Profit Participation Fund and Welfare Fund" as current liabilities in the financial statements as on 30 June 2020. However, the amount has not been distributed yet as per the mentioned proportion of 80:10:10 to the Participatory Fund, Welfare Fund and Workers' Welfare Foundation Fund respectively as per Sections 234 (1) and 242 (1) of the Labor Act 2006 as amended in 2013. (cont.5)

SONALIANSH 29-Nov-2020

(Continuation news of SONALIANSH): addition does not comply the recognition requirement of such as per IAS 38 Intangible Assets. Also, this results in a deviation of IAS 37 Provisions, Contingent Liabilities and Contingent Assets as per which provisions, contingent assets are to be duly reported depending on the state of the prevailing circumstances. iii)In Note # 22.3 to the financial statements, provision for WPPF of BDT. 6,401,816 has been (cont.4)

SONALIANSH 29-Nov-2020

(Continuation news of SONALIANSH): per share are also overstated to the same extent. Moreover, no revaluation has been undertaken since 2006-07 i.e. 13 years. ii)In Note # 5 to the financial statements, the Company reports addition to intangibles of BDT. 55,975,624 since 2000-01. The intangible addition comprises of tax benefit and export cash subsidy claim, which is currently under lawsuit of the Honorable High Court. The above concept of intangible(cont.3)

SONALIANSH 29-Nov-2020

(Continuation news of SONALIANSH): has not charged any depreciation on the additional value resulting from revaluation of fixed assets as required by IAS 16: Property, Plant & Equipment (Paragraph 31). As a consequence, the net assets value of the Company remained overstated to the extent of chargeable depreciation; the net profit after tax also remained overstated by the same figure over the years. Hence, the Earnings Per Share (EPS), and the Net Assets Value (NAV) (cont.2)

SONALIANSH 29-Nov-2020

The auditor of Sonali Aansh Industries 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: i) In Note # 13 to the financial statements, the Company reports revaluation of fixed assets which include land, building, plant and machinery etc. of BDT. 504,310,971. The revaluation was carried out in the financial year 2006-07. However, the Company (cont.1)

SONALIANSH 11-Nov-2020

There will be no price limit on the trading of the shares of the Company today (November 11, 2020) for following its corporate declaration. However, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.

SONALIANSH 11-Nov-2020

The Board of Directors has recommended 10% cash dividend for the year ended on June 30, 2020. Date of AGM: 24.12.2020, Time: 11:30 AM, Venue: 193, Fakirapool, Dhaka- 1000. Record Date: 03.12.2020. The Company has also reported EPS of Tk. 0.62, NAV per share of Tk. 225.53 and NOCFPS of Tk. 4.69 for the year ended on June 30, 2020 as against Tk. 1.01, Tk. 225.91 and Tk. 4.08 respectively for the same period of the previous year.

SONALIANSH 03-Nov-2020

As per Regulation 19(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 10, 2020 at 4:30 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2020..

SONALIANSH 31-Aug-2020

(Q3 Un-audited): EPS was Tk. 0.13 for January-March 2020 as against Tk. 0.41 for January-March 2019; EPS was Tk. 1.36 for July 2019-March 2020 as against Tk. 0.81 for July 2018-March 2019. NOCFPS was Tk. 4.33 for July 2019-March 2020 as against Tk. (7.21) for July 2018-March 2019. NAV per share was Tk. 227.27 as on March 31, 2020 and Tk. 226.71 as on March 31, 2019.

SONALIANSH 24-Aug-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 August 27, 2020 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2020.

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