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SSSTEEL

All Eps Dividend Board Agm Q1 Q2 Q3

SSSTEEL 31-Jan-2021

(Q2 Un-audited): Consolidated EPS was Tk. 1.44 for July-December 2020 as against Tk. 1.15 (Solo) for July-December 2019. Consolidated NOCFPS was Tk. (1.17) for July-December 2020 as against Tk. 0.69 (Solo) for July-December 2019. Consolidated NAV per share (with revaluation) was Tk. 18.83 as on December 31, 2020 and Tk. 17.48 (Solo) as on June 30, 2020. Consolidated NAV per share (without revaluation) was Tk. 16.53 as on December 31, 2020 and Tk. 14.98 (Solo) as on June 30, 2020.

SSSTEEL 26-Jan-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 January 30, 2021 at 5:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2020.

SSSTEEL 25-Jan-2021

Mr. Javed Opgenhaffen one of the Directors of S.S. Steel Limited, has expressed his intention to transfer 1,67,46,400 shares out of his total holding of 8,59,46,400 shares of the Company to his wife Mrs. Nabiha Yasmeen (Placement Holder of the company), by way of gift outside the trading system of the Exchange within next 30 working days from the date of issuance of approval letter by DSE.

SSSTEEL 18-Jan-2021

The Company has informed that it has credited the Bonus shares for the year ended on June 30, 2020 to the respective shareholders' BO Accounts on January 18, 2021 and the payment of Cash dividend will also be disbursed to the respective shareholders within stipulated time.

SSSTEEL 07-Jan-2021

The Company has informed that the Board of Directors has decided to invest approx. Tk. 200.00 Crores to acquire approx. 75% shares of "Southeast Union Ceramic Industries Limited" which is China-Bangladesh join venture. A state of the art ceramic tiles manufacturing factory located at Katakhali, Bagherhat, Khulna, Bangladesh with a current production capacity of approximate 96.00 million square feet per annum, subject to approval of shareholders in EGM. Venue, date and time of EGM will be notified later.

SSSTEEL 05-Jan-2021

(Continuation news of S. S. Steel Limited): However, S.S. Steel Limited did not provide disclosure regarding borrowing costs capitalized during the period and rate used to determine the amount of borrowing costs eligible for capitalization according respective paragraph of IAS 23. (end)

SSSTEEL 05-Jan-2021

(Continuation news of S. S. Steel Limited): amounting Taka 65.00 Lac for a total consideration of Taka 24.75 crore and invest further Taka 134.00 crore for smooth operation. 3. As per paragraph 17 of IAS 23, An entity shall disclose: the amount of borrowing costs capitalized during the period; and, the capitalization rate used to determine the amount of borrowing costs eligible for capitalization. (cont.7)

SSSTEEL 05-Jan-2021

(Continuation news of S. S. Steel Limited): if any, whichever is higher in addition to any other benefit to which he may be entitled under this Act. 2. Reference to Note # 30.07.6 "Events after the reporting year" to the financial statements, the company is going to make equity investment in Saleh Steel Industries Limited to purchase around 99% of its existing paid up capital (cont.6)

SSSTEEL 05-Jan-2021

(Continuation news of S. S. Steel Limited): 1. Reference to Note # 3.24 to the financial statements, no gratuity policy is maintained by the company for its permanent employees, a non-compliance of Section 27 (4) of the Bangladesh Labour Act 2006 and as amended. As per the aforementioned section of the Act, where a permanent worker resigns from his service under this section he shall be paid by the employers compensation as per this section for every completed year of service or gratuity (cont.5)

SSSTEEL 05-Jan-2021

(Continuation news of S. S. Steel Limited): renew the group insurance for its permanent employees despite of employing more than 100 permanent employees. This indicates non-compliance of the aforementioned section of the Bangladesh Labour Act 2006 as amended. Emphasis of Matter: We also draw attention to the various notes of the financial statements, which describe the effects of events or matters. Our opinion is not modified in respect of those events or matters. (cont.4)

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