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SONARGAON

All Eps Dividend Board Agm Q1 Q2 Q3

SONARGAON 16-Jun-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 June 28, 2020 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2020.

SONARGAON 30-Jan-2020

(Q2 Un-audited): EPS was Tk. 0.26 for October-December 2019 as against Tk. 0.62 for October-December 2018; EPS was Tk. 0.33 for July-December 2019 as against Tk. 0.29 for July-December 2018. NOCFPS was Tk. 0.01 for July-December 2019 as against Tk. 0.11 for July-December 2018. NAV per share was Tk. 29.47 as on December 31, 2019 and Tk. 29.44 as on June 30, 2019.

SONARGAON 21-Jan-2020

DSE NEWS: The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase security of Sonargaon Textiles Ltd. in between 1st to 30th trading day after change of categorization, with effect from January 22, 2020 as per BSEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated October 27, 2015.

SONARGAON 21-Jan-2020

The Company will be placed in 'B' category from existing 'Z' category with effect from January 22, 2020 as the Company has reported disbursement of 3% cash dividend for the year ended on June 30, 2019.

SONARGAON 15-Jan-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 January 29, 2020 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2019.

SONARGAON 15-Jan-2020

The Company has informed that it has disbursed the cash dividend for the year ended on June 30, 2019 to the respective shareholders' address through courier service.

SONARGAON 26-Nov-2019

(Continuation news of SONARGAON): The loan balance presented in the statement of financial position represent the original principle amount due plus accrued interest calculated as per the original interest and not the interest rate claimed by the bank. Due the ongoing litigation with the courts, the loan balance is subject to confirmation. (end)

SONARGAON 26-Nov-2019

(Continuation news of SONARGAON): However, the bank made a suit through "Artha Rin Adalat" vide suit no. 878 of 2015 against the company for recovery of money with suit value taka 219,501,331 the company is currently contesting this claim in the courts. (cont. 7)

SONARGAON 26-Nov-2019

(Continuation news of SONARGAON): on the loan facilities @ 13% of CC Hypo & 16% of the Term Loan. In the current year, the bank performed a reschedule for the loan due and the difference between the old and updated loan balance was accrued by the Company as interest expense to ensure the carrying value of the loan matches the amount confirmed by the bank. Long Term Loan includes a classified loan availed from Mutual Trust Bank (MTB) with a loan balance representing taka 29,20,80,230. (cont. 6)

SONARGAON 26-Nov-2019

(Continuation news of SONARGAON): with the courts, the loan balance is subject to confirmation. Note No. 14: Long term loan (not due secured) is Tk. 523,858,156 for the year ended on 30 June 2019 and Tk. 520,933,135 for the year ended on 30 June 2018. The Company availed loan from Rupali Bank Limited (RBL) for Unit 3 through mortgage of Company's Fixed Assets and personal guarantee of all sponsor Directors. The bank performed a reschedule for the loan in the current year. The bank charges interest (cont.5)

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