Alif Manufacturing Company Ltd. announcements
119 Dhaka Stock Exchange announcements for Alif Manufacturing Company Ltd. (ALIF) since 2017: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (27).
- The auditor of the Alif Manufacturing Company Limited has given the \"Qualified Opinion\", \"Matter of Emphasis\" and \"
The auditor of the Alif Manufacturing Company Limited has given the \"Qualified Opinion\", \"Matter of Emphasis\" and \"Other Matter\" paragraphs in the Auditor\'s Report for the year ended June 30, 2022. Basis for Qualified Opinion: As disclosed in note-22, the company has shown an amount of Taka 17,606,347 as liabilities for WPPF and WWF which includes prior year amount of Taka 15,424,316 that has not (cont.1)
- (Continuation news of ALIF): been paid by the company to the fund. As per section 234 (b) of labor Act 2006 the company
(Continuation news of ALIF): been paid by the company to the fund. As per section 234 (b) of labor Act 2006 the company should pay the amount to the WPPF and WWF not later than nine months for the end of the respective year. Further, the company did not make any interest provision for the utilization of fund balance as per section 240(2) of the said Act; Matter of Emphasis: We draw attention to the following matters, though our opinion (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of ALIF): is qualified in respect of the same: As disclosed in note no. 9 of the financial statements
(Continuation news of ALIF): is qualified in respect of the same: As disclosed in note no. 9 of the financial statements related to trade receivable, the balance of the trade receivables has been increasing years to years. About 54\% of total sales are lying as trade receivables. The ageing period is unlikely in comparison to other companies of the same industry. Hence, recovery of trade receivable and also existence of the balances as on date is (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of ALIF): doubtful, but no provision for bad debts has been accounted for. Confirmations/certificate
(Continuation news of ALIF): doubtful, but no provision for bad debts has been accounted for. Confirmations/certificate of lying balances as on 30 June, 2022 with the concerned parties were requested but during our audit period one of the said parties was confirmed. Other Matter: a) We refer to the Note 4, where the company reported Property, Plant and Equipment Taka 2,715,819,578. Except Land and Building we (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of ALIF): c) The company revalued Land and Building more than five years ago. As per para-34 of IAS 1
(Continuation news of ALIF): c) The company revalued Land and Building more than five years ago. As per para-34 of IAS 16 \"Property, Plant and Equipment\" the frequency of revaluation should not exceed three or five years. As of report date the company did not arrange revaluation of Land and Building but the management has assured us that they will arrange the said revaluation as soon as possible. (end)
The first part of this announcement is missing from the archive. - Qualified Opinion, Matter of Emphasis and Other Matter
(Continuation news of ALIF): are unable to verify the whereabouts of other items as mentioned in said Notes due to absence of appropriate Fixed Asset management system which is non-compliance of IAS-16: Property, Plant and Equipment, anyway the Fixed Asset management system is under process; b) Management has assured us that they will implement the accounting software and Comply with IFRS 16-Lease as soon as possible; (cont.5)
The first part of this announcement is missing from the archive. - The Company has requested the concerned stock broker, merchant banker and portfolio manager to submit hard copy or throu
The Company has requested the concerned stock broker, merchant banker and portfolio manager to submit hard copy or through mail to the Company at [email protected] on or before December 21, 2022; the statement along with detail of their margin client or customer who has debit balance or margin loan, who are entitled to receive cash dividend of the Company for the year ended June 30, 2022. (cont.)
- Update of Information
(Continuation news of ALIF): The statement should include shareholder's name, BO ID number, client-wise shareholding position, gross dividend receivable, applicable tax rate, net dividend receivable etc. along with the Consolidated Customers' Bank Account number, routing number and contact person. (end)
The first part of this announcement is missing from the archive. - The company has informed that the board of directors has decided to place an agenda, among others, as special resolution
The company has informed that the board of directors has decided to place an agenda, among others, as special resolution for approval of shareholders in 27th AGM. Special Resolution: It has been resolved that the revised Utilization of Right Share Issue fund (which has been already utilized) is do and hereby approved and the revised right share issue fund utilization shall be sent to BSEC for approval (cont.)
- (Continuation news of ALIF): as per condition on 19 of BSEC/CI/RI-111/2017/697 \"Approval of Right Share\" is do and her
(Continuation news of ALIF): as per condition on 19 of BSEC/CI/RI-111/2017/697 \"Approval of Right Share\" is do and here by approved. It has been resolved further that utilization time of Right Share Issue (RI) proceeds has been extended up to December 31, 2022. (end)
The first part of this announcement is missing from the archive. - Change of AGM Date
The Company has further informed that the AGM of the Company will be held on December 24, 2022 at 3:30 PM instead of earlier declared date December 29, 2022 at 3:00 PM. Other information of the AGM will remain unchanged.
- Resumption after record date
Trading of the shares of the Company will resume on 21.11.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 20.11.2022
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.16 for July-September 2022 as against Tk. 0.15 for July-September 2021; NOCFPS was Tk. 0.51 for July-September 2022 as against Tk. 0.55 for July-September 2021. NAV per share was Tk. 14.55 as on September 30, 2022 and Tk. 14.52 as on June 30, 2022.
- Spot News
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle with cum benefit from 16.11.2022 to 17.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 20.11.2022.
- Board Meeting schedule under LR 16(1)
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 15, 2022 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2022.
- The Board of Directors has recommended 2\% cash dividend only for General Shareholders (other than Sponsors/Directors) f
The Board of Directors has recommended 2\% cash dividend only for General Shareholders (other than Sponsors/Directors) for the year ended June 30, 2022. The Sponsors/Directors hold 79,157,430 shares out of total 259,927,022 shares of the company and cash dividend payable to general shareholders is Tk. 36,153,918.40. (cont.)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (31.10.2022) following its corporate declaration. However, as per the BSEC Order No. BSEC/CMRRCD/2001-07/39 dated July 28, 2022, the floor price shall be applicable accordingly.
- Dividend Declaration
(Continuation news of ALIF): Date of AGM: 29.12.2022, Time: 3:00 PM. Venue: Digital Platform. Record Date: 20.11.2022. The Company has reported EPS of Tk. 0.5850, NAV per share of Tk. 14.52 and NOCFPS of Tk. 0.71 for the year ended June 30, 2022 as against Tk. 0.4419, Tk. 14.18 and Tk. (0.38) respectively for the same period of the previous year. (end)
The first part of this announcement is missing from the archive. - Board Meeting schedule under LR 19(1)
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 30, 2022 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended June 30, 2021 to the respective shareholders.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.12 for January-March 2022 as against Tk. 0.11 for January-March 2021; EPS was Tk. 0.44 for July 2021-March 2022 as against Tk. 0.38 for July 2020-March 2021. NOCFPS was Tk. (0.55) for July 2021-March 2022 as against Tk. (0.15) for July 2020-March 2021. NAV per share was Tk. 14.38 as on March 31, 2022 and Tk. 14.18 as on March 31, 2021.
- Board Meeting schedule under LR 16(1)
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 April 28, 2022 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2022.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.17 for October-December 2021 as against Tk. 0.15 for October-December 2020; EPS was Tk. 0.32 for July-December 2021 as against Tk. 0.27 for July-December 2020. NOCFPS was Tk. (0.43) for July-December 2021 as against Tk. 0.80 for July-December 2020. NAV per share was Tk. 14.26 as on December 31, 2021 and Tk. 14.18 as on June 30, 2021.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended June 30, 2020 to the respective shareholders.
- Board Meeting schedule under LR 16(1)
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 February 03, 2022 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.
- Category Change
The Company has been placed in 'B' category from existing 'A' category with effect from January 04, 2022 as the Company has approved 2% Cash dividend for General Shareholders other than Sponsors/Directors for the year ended on June 30, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.