Meghna Condensed Milk Industries Limited announcements
289 Dhaka Stock Exchange announcements for Meghna Condensed Milk Industries Limited (MEGCONMILK) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2021 (23).
- Visit result on the factory of Meghna Condensed Milk Industries Ltd.
Recently, a team of Dhaka Stock Exchange Limited (DSE) visited the factory premises of Meghna Condensed Milk Industries Limited where operations of the factory were found closed.
- Resumption after record date
Trading of the shares of the Company will resume on 25.11.2021 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 24.11.2021.
- Spot News
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 from 21.11.2021 to 23.11.2021. Trading of the shares of the Company will remain suspended on record date i.e., 24.11.2021.
- The auditor of the Meghna Condensed Milk Industries Ltd. has given the \"Going Concern\" & \"Qualified Opinion\" paragra
The auditor of the Meghna Condensed Milk Industries Ltd. has given the \"Going Concern\" & \"Qualified Opinion\" paragraphs in the Auditor\'s Report for the year ended on 30 June, 2021. Basis for Qualified Opinion: 1. We draw attention to \"Statement of Profit or Loss and other Comprehensive Income\" which indicates that the company incurred a net loss of Tk. 132,176,049.00 during the year ended June 30, 2021 and as of the date the company\'s current liabilities exceeded its total assets (cont.1)
- (Continuation news of MEGCONMILK): by tk. 442,136,666.00 and several years the company recurring net loss and also shown
(Continuation news of MEGCONMILK): by tk. 442,136,666.00 and several years the company recurring net loss and also shown negative shareholder\'s equity, negative retained earnings, negative net asset value per share, negative net profit after tax and negative earnings per share that indicate a material uncertainty exists that may cast significant doubt on the company\'s ability to continue as a going concern. 2. As referred note no. 10 of financial statements \"Bank Loan\" (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of MEGCONMILK): shows taka 642,775,645.00. We did not find update bank statement to confirm the amoun
(Continuation news of MEGCONMILK): shows taka 642,775,645.00. We did not find update bank statement to confirm the amount as those loan accounts were classified. And also that the management did not present current portion of long term loan as per IAS-1 para 60 and 61. 3. According to clause 5(2)(e) of the BSEC notification (No. BSEC/CMRRCD/2006-158/208/Admin/81-dated 20 June 2018 the management did not present any disclosures on reconciliation of the statement of cash flows. (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of MEGCONMILK): 4. As per paragraph 58 of IAS-12 \"Income Taxes\" the company has not recognized defe
(Continuation news of MEGCONMILK): 4. As per paragraph 58 of IAS-12 \"Income Taxes\" the company has not recognized deferred tax expense/income in the statement of profit or loss and other comprehensive income. 5. The company has transferred the depreciation on revaluation surplus of asset from revaluation reserve to retained earnings without adjustment of deferred tax on depreciation on revaluation surplus which is non-compliance of paragraph 20 and 64 of IAS-12 (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of MEGCONMILK): \"Income Taxes\". 6. The company has not provided required disclosure regarding compe
(Continuation news of MEGCONMILK): \"Income Taxes\". 6. The company has not provided required disclosure regarding compensation package of key management personnel, who is the related parties of the company which is non-compliance of paragraph 17 of IAS-24 \"Related Party Disclosures\". 7. As referred note no. 4 of financial statements \"Inventories\" shown Taka 80,187,800.00 which was fully certified by management. 8. As referred note no. 14 of financial statements(cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of MEGCONMILK): \"Dividend payable\" amount taka 1,673,604 has been presented which were declared and
(Continuation news of MEGCONMILK): \"Dividend payable\" amount taka 1,673,604 has been presented which were declared and approved earlier year, as per regulation 28 of Dhaka Stock Exchange (Listing Regulation 2015) declared dividend are supposed to be paid within 30 days of approval. Till now that amount is unpaid. 9. As referred note no. 11 of financial statements \"Cash Credit & Overdrafts\" shows taka 362,692,229.00 out of which taka 227,790,731.00 for which we did not find any (cont.6)
The first part of this announcement is missing from the archive. - (Continuation news of MEGCONMILK): bank statement to confirm the amount as those loan accounts were classified. 10. As r
(Continuation news of MEGCONMILK): bank statement to confirm the amount as those loan accounts were classified. 10. As referred note no. 12 of financial statements \"Liabilities for Expenses & Other Finance\" Taka 457,681,906.00 out of which Taka 451,372,490.00 is provision of bank interest included in the amount but that amount not confirmed from bank statement. 11. As referred note no. 18 of financial statements \"Financial Expenses\" shows taka 99,550,682.00 (cont.7)
The first part of this announcement is missing from the archive. - (Continuation news of MEGCONMILK): out of which taka 90,274,498.00 which is against Sonali Bank Ltd. Loan A /C. We did n
(Continuation news of MEGCONMILK): out of which taka 90,274,498.00 which is against Sonali Bank Ltd. Loan A /C. We did not find any bank statement to confirm the amount due to those loan accounts was classified. 12. As referred note no. 13 of financial statements \"Worker\'s Profit Participation Fund\" Taka 960,089 which amount still now unpaid. Going Concern: (cont.8)
The first part of this announcement is missing from the archive. - (Continuation news of MEGCONMILK): We are required to report if we have concluded that the use of the going concern basi
(Continuation news of MEGCONMILK): We are required to report if we have concluded that the use of the going concern basis of accounting is inappropriate or there is an undisclosed material uncertainty that may cast significant doubt over the use of that basis for a period of at least twelve months from the date of the financial statements. We have disclosed the issue on basis for qualified paragraph. (end)
The first part of this announcement is missing from the archive. - Q1 Financials
(Q1 Un-audited): EPS was Tk. (1.96) for July-September 2021 as against Tk. (2.04) for July-September 2020; NOCFPS was Tk. (0.023) for July-September 2021 as against Tk. (0.14) for July-September 2020. NAV per share was Tk. (69.77) as on September 30, 2021 and Tk. (61.58) as on September 30, 2020.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company on 28.10.2021 following its corporate declaration.
- Dividend Declaration
The Board of Directors has recommended No dividend for the year ended on June 30, 2021. Date of AGM: 23.12.2021, Time: 10:30 AM, Venue: Meghna Community Centre, Meghna Industrial Complex-2, Baral, Baghmara, Sadar South, Comilla. Record Date: 24.11.2021. The Company has also reported EPS of Tk. (8.26), NAV per share of Tk. (67.81) and NOCFPS of Tk. (0.85) for the year ended on June 30, 2021 as against Tk. (7.67), Tk. (59.55) and Tk. 0.77 respectively for the same period of the previous year.
- 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 27, 2021 at 2:35 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 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 October 31, 2021 at 2:35 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2021.
- Query Response
In response to a DSE query dated August 22, 2021, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike and increase in volume of shares.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. (1.29) for January-March 2021 as against Tk. (1.42) for January-March 2020; EPS was Tk. (5.27) for July 2020-March 2021 as against Tk. (5.42) for July 2019-March 2020. NOCFPS was Tk. (0.32) for July 2020-March 2021 as against Tk. 0.21 for July 2019-March 2020. NAV per share was Tk. (64.82) as on March 31, 2021 and Tk. (57.29) as on March 31, 2020.
- As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting
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, 2021 at 2:35 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2021.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. (1.95) for October-December 2020 as against Tk. (2.19) for October-December 2019; EPS was Tk. (3.98) for July-December 2020 as against Tk. (3.993) for July-December 2019. NOCFPS was Tk. 1.65 for July-December 2020 as against Tk. 0.021 for July-December 2019. NAV per share was Tk. (63.53) as on December 31, 2020 and Tk. (55.87) as on December 31, 2019.
- 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 January 28, 2021 at 2:35 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2020.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.