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SONARGAON

All Eps Dividend Board Agm Q1 Q2 Q3

SONARGAON 26-Nov-2019

(Continuation news of SONARGAON): financial position equals Tk. 29,16,78,689. However, the bank has made a suit through ?Artha Rin Adalat? vide suit no. 7 of 2017 with suit value 34,62,91,000. The company is currently contesting this claim in the courts. 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 to the ongoing litigation(cont.4)

SONARGAON 26-Nov-2019

(Continuation news of SONARGAON): Bangladesh Development Bank Limited. Our audit opinion is not qualified in respect to this matter emphasized. Note No. 11: Current portion of Long Term Loan (Secured) is Tk. 348,821,599 for the year ended on 30 June 2019 and Tk. 263,424,661for the year ended on 30 June 2018. In respect of the loan facilities availed from Bangladesh Development Bank Ltd. (BDBL) (Former Bangladesh Shilpa Bank) for Unit No. 1, 2 & 3, the loan amount presented in the statement of (cont. 3)

SONARGAON 26-Nov-2019

(Continuation news of SONARGAON): the Company's assets and liabilities. Consequently, we were unable to quantify the necessary adjustment amount for the relevant financial line items. Note. 16: Deferred tax liability is Tk. 53,854,640 as on 30 June 2019 and Tk. 53,675,856 as on 30 June 2018. Emphasis of Matter: We would like to draw your attention to Note 11 and 14 which describes the Company's on-going legal proceedings with two of their financial institutions: Mutual Trust Bank Limited and (cont. 2)

SONARGAON 26-Nov-2019

Basis for Qualified Opinion: As per Note-16 to the Financial Statements, the Company has recorded a deferred tax liability of BDT 5,38,54,640 on the statement of financial position and a deferred tax expense of BDT 1,78,784 on the Statement of Profit & Loss. Due to limitation of the Company's financial records and information systems, the Company was unable to provide adequate and reliable audit evidence to determine the temporary differences between the accounting and tax values of (cont. 1)

SONARGAON 25-Nov-2019

Trading of the Shares of the Company will resume on 26.11.2019 after record date.

SONARGAON 24-Nov-2019

Trading of the shares of the Company will remain suspended on record date i.e., 25.11.2019.

SONARGAON 17-Nov-2019

(Q1 Un-audited): EPS was Tk. 0.07 for July-September, 2019 as against Tk. (0.33) for July-September, 2018; NOCFPS was Tk. 0.03 for July-September, 2019 as against Tk. 1.59 for July-September, 2018. NAV per share was Tk. 29.51 as on September 30, 2019 and Tk. 29.44 as on June 30, 2019.

SONARGAON 07-Nov-2019

As per consent of BSEC, 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 12.11.2019 to 24.11.2019 instead of 07.11.2019 to 20.11.2019. Trading of the shares of the Company will remain suspended on record date i.e., 25.11.2019 instead of 21.11.2019.

SONARGAON 06-Nov-2019

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 07.11.2019 to 20.11.2019. Trading of the shares of the Company will remain suspended on record date i.e., 21.11.2019.

SONARGAON 04-Nov-2019

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 14, 2019 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, 2019.

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