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TITASGAS

All Eps Dividend Board Agm Q1 Q2 Q3

TITASGAS 10-Nov-2021

Trading of the shares of the Company will remain suspended on record date i.e., 11.11.2021.

TITASGAS 10-Nov-2021

(Q1 Un-audited): EPS was Tk. 0.65 for July-September 2021 as against Tk. 0.67 for July-September 2020; NOCFPS was Tk. (0.59) for July-September 2021 as against Tk. (12.28) for July-September 2020. NAV per share was Tk 73.21 as on September 30, 2021 and Tk. 72.57 as on June 30, 2021.

TITASGAS 08-Nov-2021

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 09.11.2021 to 10.11.2021. Trading of the shares of the Company will remain suspended on record date i.e., 11.11.2021.

TITASGAS 04-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 09, 2021 at 6:45 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2021.

TITASGAS 19-Oct-2021

(Continuation news of TITASGAS): Further, such share money deposit shall be considered in calculation of Earnings per share. However, the outstanding amount of such share money deposit stands at Tk. 205.79 crore as at 30 June 2021. But the Company has not converted this Share Money Deposit into the share capital of the Company as per the Instruction given by FRC. (end)

TITASGAS 19-Oct-2021

(Continuation news of TITASGAS): and recognized it as share money deposit. As per Gazette Notification No. 146/FRC/Adm./SRO/2020/01 dated 02 March 2020 by Financial Reporting Council (FRC), the capital received as share money deposit or whatever the name which is included in the Equity part of any company that cannot be refunded and the said amount shall be converted into share capital within 06 (six) months from the date of such receipt. (cont.11)

TITASGAS 19-Oct-2021

(Continuation news of TITASGAS): quantities of dead and obsolete items which could not be quantified thereof due to lack of information. Thus the carrying amount of inventories of the Company as on 30 June 2021 appears to be overstated. f) As per subsidiary loan agreement (SLA) between the Government of the Republic of Bangladesh and Titas Gas Transmission and Distribution Company Limited (TGTDCL), the Company has received Tk. 27.29 crore as equity (cont.10)

TITASGAS 19-Oct-2021

(Continuation news of TITASGAS): Tk. 10.44 crore and obsolete stock worth Tk. 3.33 crore by the inventory committee at that time. But the Company did not make any adjustment in the accounts for the said items. Further, the Company conducted physical verification of inventories as on 30 June 2020. It Identified huge quantities of dead and obsolete Items but could not determine the value of such inventories. As a result, the value of inventories as on 30 June 2021 may Include huge (cont.9)

TITASGAS 19-Oct-2021

(Continuation news of TITASGAS): in Fixed Deposit Receipt (FDR) with Padma Bank Limited (formerly known as "The Farmers Bank Limited"). Because of weak credit worthiness of the said banks there is a substantial doubt as regards realization of the said investment which require full provision in the accounts. But necessary provision in this regard has not been made in the accounts. e) Physical verification of Inventories done at 30 June 2013 identified dead stock worth (cont.8)

TITASGAS 19-Oct-2021

(Continuation news of TITASGAS): the said customers are not interested to pay such penal interest as well as meter rent, demand charges and high heating value which remain unrealized for long. As a result, there is a substantial doubt as regards realization of the said penal interest, meter rent and high heating value receivable which require full provision in the accounts. d) Receivable from Encashment of FDR for Tk. 58.61 crore as disclosed in Note #14 represents investment (cont.7)

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