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STANCERAM

All Eps Dividend Board Agm Q1 Q2 Q3

STANCERAM 18-Nov-2020

(Continuation news of STANCERAM): Basic Earnings per Share (EPS): Basic Earnings per Share (EPS) for the year ended on 30 June 2020 was BDT (6.32) and for the year ended on 30 June 2019 was BDT 1.56. The Factory has been partially laid off since 14.08.2019 for more or less two months for rebuilding old Glost Kiln and another 20 days were required for commercial production. After this again our factory was closed down for two months plus (from 26/3/2020(cont.5)

STANCERAM 18-Nov-2020

(Continuation news of STANCERAM): doing anything so that the post dividend retained earnings become negative or a debit balance. Emphasis of Matter: Effect of COVID-19 pandemic and Factory Lay Off: We draw attention to Note no. 36, 42 and 43 which describe the reason for adverse effect on Earning Per Share (EPS), Net Operating Cash Flow Per Share (NOCFPS) and Gross Profit Margin. Our opinion is not modified in respect of this matter. Note 36.00- (cont.4)

STANCERAM 18-Nov-2020

(Continuation news of STANCERAM): has recommended 1% cash dividend to the public shareholders only other than sponsor shareholders and Directors despite having negative retained earnings of Tk. 44,178,194 which does not conform to para 6(2) of the notification issued by the Bangladesh Securities and Exchange Commission no. BSEC/CMRRCD/2006-158/208/Admin/81 dated 20 June 2018 where it has been mentioned that no dividend shall be declared through (cont.3)

STANCERAM 18-Nov-2020

(Continuation news of STANCERAM): to transfer to Provident Fund under the conditions of recognition and Rule 250 (2) of the Bangladesh Labor Rules 2015. The company did not transfer the employers and employees contribution totaling to Tk. 16,112,566 to the Provident Fund account. However, the company has made provision @ 8% interest of undisbursed amount of the contributions. 2. Reference to the Note# 44: The Board of Directors of the company (cont.2)

STANCERAM 18-Nov-2020

The auditor of the Standard Ceramic Industries Ltd has given the "Qualified Opinion"& "Emphasis of Matter" paragraphs in the Auditor's Report for the year ended on 30 June 2020. In this regard, we may disseminate the following news through our online trading system: Qualified Opinion:1.Reference to the Note# 19: The company has a contributory Provident Fund recognized by tax authority. The employer's contribution along with employees' contribution are required (cont.1)

STANCERAM 18-Nov-2020

Trading of the shares of the Company will resume on 19.11.2020 after record date.

STANCERAM 17-Nov-2020

Trading of the shares of the Company will remain suspended on record date i.e., 18.11.2020.

STANCERAM 15-Nov-2020

The Company has further informed that due to unavoidable circumstances the 36th AGM of the Company will now be held at 3:00 PM instead of earlier declared at 11:30 AM. Date and all Other information will remain unchanged.

STANCERAM 15-Nov-2020

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 16.11.2020 to 17.11.2020. Trading of the shares of the Company will remain suspended on record date i.e., 18.11.2020.

STANCERAM 12-Nov-2020

(Continuation news of STANCERAM): which resultant in decrease EPS of the Company NOCFPS has slightly decrease as collection of the factory was less due to economic condition in the country for COVID-19. On the other hand, suppliers and employees was more compared to the preceding period, which resultant in decreased NOCFPS of the Company. (end)

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