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 2022 (22).
- Resumption after record date
Trading of the shares of the Company will resume on 20.11.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2022
- 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 from 14.11.2022 to 16.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2022.
- The auditor of the Meghna Condensed Milk Industries Ltd. has given the \"Qualified Opinion\" paragraphs in the Auditor\'
The auditor of the Meghna Condensed Milk Industries Ltd. has given the \"Qualified Opinion\" paragraphs in the Auditor\'s Report for the year ended June 30, 2022. 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. 36,506,178.00 during the year ended June 30, 2022 and as of the date the company\'s current liabilities exceeded its total assets by (cont.1)
- (Continuation news of MEGCONMILK):Tk.478,642,844.00 and several years the company recurring net loss and also shown nega
(Continuation news of MEGCONMILK):Tk.478,642,844.00 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. And also note that the company is not operating for the last 4 years as gas connection has been (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of MEGCONMILK): disconnected by the gas supply authority. 2. As referred note no. 10 of financial sta
(Continuation news of MEGCONMILK): disconnected by the gas supply authority. 2. As referred note no. 10 of financial statements \"Bank Loan\" shows taka 642,775,645.00. We did not find update bank statement to confirm the amount as those loan accounts were classified. For the same 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 (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of MEGCONMILK): the management did not present any disclosures on reconciliation of the statement of
(Continuation news of MEGCONMILK): the management did not present any disclosures on reconciliation of the statement of cash flows. 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 (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of MEGCONMILK): depreciation on revaluation surplus which is non-compliance of paragraph 20 and 64 of
(Continuation news of MEGCONMILK): depreciation on revaluation surplus which is non-compliance of paragraph 20 and 64 of IAS-12 \"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 a 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 (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of MEGCONMILK): which was fully certified by management. We have a doubt that the inventories have an
(Continuation news of MEGCONMILK): which was fully certified by management. We have a doubt that the inventories have any value after so many years. 8. As referred note no. 14 of financial statements \"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. (cont.6)
The first part of this announcement is missing from the archive. - (Continuation news of MEGCONMILK): 9. As referred note no. 11 of financial statements \"Cash Credit & Overdrafts\" shows
(Continuation news of MEGCONMILK): 9. As referred note no. 11 of financial statements \"Cash Credit & Overdrafts\" shows taka 374,036,832.00, but we did not find any 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 455,411,406.00 and the amount of Tk. 451,372,490.00 is included in the amount which is provision against bank interest as (cont.7)
The first part of this announcement is missing from the archive. - (Continuation news of MEGCONMILK): per last A/C but that amount not confirmed by the bank statement. 11. As referred not
(Continuation news of MEGCONMILK): per last A/C but that amount not confirmed by the bank statement. 11. As referred note no. 13 of financial statements \"Worker\'s Profit Participation Fund\" Taka 960,089 which amount still now unpaid and certified by management. 12. As referred note no. 08 of financial statements \"Cash & Cash Equivalent\" where cash in hand Tk. 11,738,346 which is not verified by us. (end)
The first part of this announcement is missing from the archive. - Q1 Financials
(Q1 Un-audited): EPS was Tk. (0.59) for July-September 2022 as against Tk. (1.96) for July-September 2021; NOCFPS was Tk. (0.26) for July-September 2022 as against Tk. (0.023) for July-September 2021. NAV per share was Tk. (70.68) as on September 30, 2022 and Tk. (69.77) as on September 30, 2021.
- Dividend Declaration
The Board of Directors has recommended No dividend for the year ended June 30, 2022. Date of AGM: 22.12.2022, Time: 10:30 AM, Venue: Meghna Community Centre, Meghna Industrial Complex-2, Baral, Baghmara, Sadar South, Cumilla. Record Date: 17.11.2022. The Company has also reported EPS of Tk. (2.28), NAV per share of Tk. (70.09) and NOCFPS of Tk. (1.17) for the year ended June 30, 2022 as against Tk. (8.26), Tk. (67.81) and Tk. (0.85) respectively for the same period of the previous year.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (30.10.2022) 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.
- 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 30, 2022 at 2:35 PM to consider, among others, un-audited financial statements of the company for the First Quarter (Q1) period ended September 30, 2022.
- 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, 2022 at 2:35 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- Query Response
In response to a DSE query dated June 13, 2022, 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. (1.64) for January-March 2022 as against Tk. (1.29) for January-March 2021; EPS was Tk. (5.34) for July 2021-March 2022 as against Tk. (5.27) for July 2020-March 2021. NOCFPS was Tk. (0.02) for July 2021-March 2022 as against Tk. (0.32) for July 2020-March 2021. NAV per share was Tk. (73.15) as on March 31, 2022 and Tk. (64.82) 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 26, 2022 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, 2022.
- Query Response
In response to a DSE query dated March 10, 2022, 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.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. (1.74) for October-December 2021 as against Tk. (1.95) for October-December 2020; EPS was Tk. (3.70) for July-December 2021 as against Tk. (3.98) for July-December 2020. NOCFPS was Tk. 2.67 for July-December 2021 as against Tk. 1.65 for July-December 2020. NAV per share was Tk. (71.50) as on December 31, 2021 and Tk. (63.53) as on December 31, 2020.
- 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 30, 2022 at 2:35 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.