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SONARGAON

All Eps Dividend Board Agm Q1 Q2 Q3

SONARGAON 17-Nov-2021

(Continuation news of SONARGAON): However, as per the Income Tax Ordinance, 1984, Section 30(i), Any payment by way of salary or remuneration made otherwise that by crossed cheque or bank transfer by a person to any employee having gross monthly salary of taka fifteen thousand or more will be inadmissible. We have found that the company has made cash payments to several employees every month that is over Tk. 15,000. (cont.2)

SONARGAON 17-Nov-2021

The auditor of the Sonargaon Textiles Ltd has given the "Qualified Opinion, Material Uncertainty Related to Going Concern & Emphasis of matter" paragraphs in the Auditor's Report for the year ended on 30 June, 2021. Basis for Qualified Opinion: 1. The Company's bank accounts are currently attached by the National Board of Revenue of Bangladesh. There the management have decided to pay all employee salaries throughout the financial year by cash payments. (cont.1)

SONARGAON 15-Nov-2021

(Cont. of SONARGAON): The company also informed that, reason for increase decrease in EPS, NA V and NOCFPS as follows: EPS has increased due to production and sales volume increased in the 1st quarter. NAV decreased due to Net loss after Tax, decrease in the company's Retained Earnings and Assets. NOCFPS increase due to increase customers & Others collection in the Quarter under review. (end)

SONARGAON 15-Nov-2021

(Q1 Un-audited): EPS was Tk. (0.08) for July-September 2021 as against Tk. (0.41) for July-September 2020. NOCFPS was Tk. 0.02 for July-September 2021 as against Tk. (0.24) for July-September 2020. NAV per share was Tk. 11.00 as on September 30, 2021 and Tk. 11.08 as on June 30, 2021. (cont.)

SONARGAON 03-Nov-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 November 14, 2021 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, 2021.

SONARGAON 01-Nov-2021

There will be no price limit on the trading of the shares of the Company today (01.11.2021) following its corporate declaration.

SONARGAON 01-Nov-2021

(Continuation news of SONARGAON): NAV has decreased due to net loss after tax, decrease in company's Retained Earnings and Assets. NOCFPS have increased as the collection from the customers showed at a satisfactory level. (end)

SONARGAON 01-Nov-2021

(Continuation news of SONARGAON): The Company has also informed that reason for significant deviation in EPS, NAV and NOCFPS as follows: EPS has decreased due to fall in production as the factory was closed for 12 months covering the period of accounts under review. It also attributed to adverse effect of pandemic COVID-19, written-off of old tamper lost slow moving raw cotton stock with eventual loss in sales of stock and financial cost. (cont. 2)

SONARGAON 01-Nov-2021

The Board of Directors has recommended No dividend for the year ended on June 30, 2021. Date of AGM: 26.12.2021, Time: 11:00 AM, Venue: Digital Platform. Record Date: 28.11.2021. The Company has also reported EPS of Tk. (13.35), NAV per share of Tk. 11.08 and NOCFPS of Tk. 7.86 for the year ended on June 30, 2021 as against Tk. (3.72), Tk. 24.43 and Tk. (0.78) respectively for the same period of the previous year. (cont. 1)

SONARGAON 19-Oct-2021

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 October 31, 2021 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2021.

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