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ZEALBANGLA

All Eps Dividend Board Agm Q1 Q2 Q3

ZEALBANGLA 28-Oct-2020

(Continuation news of ZEALBANGLA): Golden Handshake loan, amounting to Tk 31,457,284. we were unable to obtain sufficient appropriate audit evidence on which to make any opinion, and we concludes that there may be possible effects on the financial statements of undetected misstatements, if any, could be material.(end)

ZEALBANGLA 28-Oct-2020

(Continuation news of ZEALBANGLA): amount of Tk 3,737,463 balance with Renwick jajneswer & Co. we were unable to obtain sufficient appropriate audit evidence on which to make any opinion, and we concludes that there may be possible effects on the financial statements of undetected misstatements, if any, could be material. 4. As disclosed in the note 19.00 of the financial statements regarding Long Term Loan (Secured) in respect of ADP loan for BMRE, (cont.4)

ZEALBANGLA 28-Oct-2020

(Continuation news of ZEALBANGLA): to 1994-1995 and 2017-2018 and lying unadjusted for all this time. Out of the amount Tk 9,781,886, Tk 5,311,981 is seems to unrealizable under the Income Tax Ordinance Act. So in our opinion the Financial Statements is misstated by the amount of Tk.5,311 ,981. 3. As disclosed in the note 12.00 of the financial statements regarding Current account with BSFIC Ent. (Receivable) amounting to Tk 5,538,092. In respect of (cont.3)

ZEALBANGLA 28-Oct-2020

(Continuation news of ZEALBANGLA): government support. The Company has also not generated operating revenue in the past few years. This situation indicates that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. 2. As disclosed in the note 10.00 of the financial statements regarding Advance Income Tax, amounting to Tk 9,781,886. This amount have been cumulating from the financial years 1991-1992 (cont.2)

ZEALBANGLA 28-Oct-2020

The auditor of Zeal Bangla Sugar Mills Ltd has given the following "Qualified Opinion" in the audit report of the Company prepared for the year ended on June 30, 2020. Qualified Opinion: 1. The Net Asset Value and Retained earnings of the company is negative and from our observation it looks like the company have not been able to generate profit for few years. From our observation it also seems that the Company is unable to run its operation without (cont.1)

ZEALBANGLA 28-Oct-2020

(Q1 Un-audited): EPS was Tk. (19.36) for July-September, 2020 as against Tk. (19.70) for July-September, 2019; NOCFPS was Tk. (19.00) for July-September, 2020 as against Tk. (19.29) for July-September, 2019. NAV per share was Tk. (720.82) as on September 30, 2020 and Tk. (701.46) as on June 30, 2020.

ZEALBANGLA 28-Oct-2020

There will be no price limit on the trading of the shares of the Company on today (28.10.2020) for following its corporate declaration. however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.

ZEALBANGLA 28-Oct-2020

The Board of Directors has recommended No dividend for the year ended on June 30, 2020. Date of AGM: 12.12.2020, Time: 1:00 PM, Venue: Jamalpur Shilpakala Academy Auditorium. Record Date: 17.11.2020. The Company has also reported EPS of Tk. (93.69), NAV per share of Tk. (701.46) and NOCFPS of Tk. (86.96) for the year ended on June 30, 2020 as against Tk. (103.90), Tk. (608) and Tk. (92.50) respectively for the same period of the previous year.

ZEALBANGLA 22-Oct-2020

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 October 27, 2020 at 3:15 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2020.

ZEALBANGLA 20-Oct-2020

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 27, 2020 at 3:15 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2020.

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