Sonali Aansh Industries Limited announcements
300 Dhaka Stock Exchange announcements for Sonali Aansh Industries Limited (SONALIANSH) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (24).
- Resumption after record date
Trading of the shares of the Company will resume on 08.12.2022 after record date
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 07.12.2022.
- 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 05.12.2022 to 06.12.2022. Trading of the shares will remain suspended on record date i.e., 07.12.2022.
- (Continuation news of SONALIANSH): plant and machinery etc. of Taka 504,310,971. The revaluation was carried out in the
(Continuation news of SONALIANSH): plant and machinery etc. of Taka 504,310,971. The revaluation was carried out in the financial year 2006-07. However, the Company has not charged any depreciation on the additional value resulting from revaluation of fixed assets as required by IAS 16: Property, Plant & Equipment (Paragraph 31). As a consequence, the net assets value of the Company remained overstated to the extent of chargeable depreciation; (cont.8)
The first part of this announcement is missing from the archive. - (Continuation news of SONALIANSH): the net profit after tax also remained overstated by the same figure over the years.
(Continuation news of SONALIANSH): the net profit after tax also remained overstated by the same figure over the years. Hence, the Earnings Per Share (EPS), and the Net Assets Value (NAV) per share are also overstated to the same extent. Moreover, no revaluation has been undertaken since 2006-07 i.e. 15 years. In Note # 14 to the financial statements, the Company reports Bank Loan as non-current liability without segregating current portion of the said loan. (cont.9)
The first part of this announcement is missing from the archive. - (Continuation news of SONALIANSH): In Note # 15 to the financial Statements, the company reports Deferred tax liability
(Continuation news of SONALIANSH): In Note # 15 to the financial Statements, the company reports Deferred tax liability of BDT. 2, 152,363. While calculating the deferred tax liability, the revaluation surplus of property, plant @ Equipment (non-depreciable part), which amount to BDT. 32,215,394 has not been accounted for, a noncompliance of IAS 12 Income Taxes (paragraph-51B), as per which, deferred taxes arise from revalues non-depreciable assets as a reflection (cont.10)
The first part of this announcement is missing from the archive. - (Continuation news of SONALIANSH): of the tax consequences of selling asset. As a result, the deferred tax liability is
(Continuation news of SONALIANSH): of the tax consequences of selling asset. As a result, the deferred tax liability is understated. In Note #21.3 to the financial statements, provision for WPPF of BDT. 7,097,994/- has been kept by the company under the head \"Workers Profit Participation Fund and Welfare Fund\" as current liabilities in the financial statements as on 30 June 2022. However, the amount has not been distributed yet as per the mentioned proportion of 80:10:10 (cont.11)
The first part of this announcement is missing from the archive. - (Continuation news of SONALIANSH): to the Participatory Fund, Welfare Fund and Workers Welfare Foundation Fund respectiv
(Continuation news of SONALIANSH): to the Participatory Fund, Welfare Fund and Workers Welfare Foundation Fund respectively as per Sections 234 (I) and 242 (I) of the Labor Act 2006 as amended in 2013. Moreover, the company has no separate Trustee Board, Deeds or Rules for operation of WPPF. Also, the fund amount has been used by the company in its operation as a source of financing without providing any interest for such usage as per section 240 (3) of the said Act. (cont.12)
The first part of this announcement is missing from the archive. - (Continuation news of SONALIANSH): IFRS 16 leases not been applied while recording transactions which fulfill the set cr
(Continuation news of SONALIANSH): IFRS 16 leases not been applied while recording transactions which fulfill the set criteria for leases in the aforesaid accounting standards. The company has rental agreement which fall under the new IFRS. Also, the company has not disclosed the reason for departure of IFRS. (cont.13)
The first part of this announcement is missing from the archive. - (Continuation news of SONALIANSH): The assessments of the financial year 1995-96 was finalized but no accounting treatme
(Continuation news of SONALIANSH): The assessments of the financial year 1995-96 was finalized but no accounting treatment has been given in the books of account for creation of additional tax provision of Taka 866,750 and adjustment of advance taxes thereof. (end)
The first part of this announcement is missing from the archive. - Qualified Opinion
(Continuation news of SONALIANSH): gain or loss have not been accounted for in compliance with IAS 21. Also, the foreign currency monetary items which include receivables, bank balance in foreign currency at the year-end have not been reported using the closing rate. In Note # 2.21 to the financial statements the Company stated its operation of a recognized provident fund for eligible workers and its administration by a duly constituted independent Trust and equal (cont.2)
The first part of this announcement is missing from the archive. - Price Limit Open
There will be no price limit on the trading of the shares of the Company today (17.11.2022) 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 SONALIANSH): as special resolution and Registrar of Joint Stock Companies (RJSC). Reasons for declaration of Stock Dividend: i) Regulatory requirement to increase paid up capital ii) The company shall declare bonus dividend from the accumulated profit/retained earnings. After the dividend declaration, company's retained earnings shall remain positive. (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 November 16, 2022 at 4:30 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- Query Response (Repeat)
(Repeat): In response to a DSE query dated September 11, 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.
- Query Response
In response to a DSE query dated September 11, 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.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended June 30, 2021 to the respective shareholders.
- Regarding Dividend Compliance Report
The Company did not send Dividend Compliance Report as per Regulation-29 of the DSE (Listing) Regulations, 2015 in connection with disbursement of the declared dividend. However, DSE has issued query letter to the company for sending the dividend compliance report accordingly.
- Q3 Financials
(Continuation news of SONALIANSH): The Company also informed that (1) Earning per Share (EPS) improves due to increase of Export Turnover in comparison with preceding quarter (July 2020 to March 2021). (2) Net operating Cash flow (NOCFPS) per Share improves due to increase in Export Turnover in comparison with preceding quarter (July 2020 to March 2021). (end)
The first part of this announcement is missing from the archive. - 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 June 02, 2022 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2022.
- Q2 Financials
(Continuation news of SONALIANSH): The Company has also informed that EPS increased due to increase of sales price with preceding quarter (July 2020 to December 2020). NOCFPS decreases to some extent due to decrease of Cash receipts for Cost and Expenses in comparison with preceding quarter (July 2020 to December 2020). (end)
The first part of this announcement is missing from the archive. - 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 March 22, 2022 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.
- Q1 Financials
(Continuation news of SONALIANSH): The Company has informed that EPS has increased to some extent due to increase of Net-Profit. NOCFPS has decreased due to decrement in cash receipts from customers in comparison with preceding quarter. (end)
The first part of this announcement is missing from the archive. - 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 17, 2022 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.