RING SHINE TEXTILES LTD.
PRICE SENSITIVE INFORMATION
This is for information to all concerned that a meeting of the Board of Directors of Ring Shine Textiles Ltd. held on October 28, 2020 at 3:30 P.M. at House # 5, Road# 6, Baridhara Model Town, Dhaka-1212, Bangladesh and took the following decisions:
i)	Audited Financial Statements: The Board has confirmed the draft Audited Financial Statements of the Company for the financial year ended on June 30, 2020. The particulars of the draft audited financial statements are stated as below:
Sl. No.	Particulars	Year ended on 
30th June 2020	Year ended on 
30th June 2019	
1	Earnings per share (EPS)- Basic	Tk. 0.29	Tk. 1.72	
2	Net Asset Value (NAV)	Tk. 8700.83 million	Tk. 7091.05 million	
3	NAV per share	Tk. 17.39	Tk. 24.88	
4	Net Operating Cash Flow per share (NOCFPS)	Tk. (0.76)	Tk. 1.83	

ii)	12th Extra-ordinary General Meeting: The board decided for 12th EGM as follows:
Date of EGM		: December 26, 2020 (Saturday)
Time		: 10:00 A.M.
Venue	: Will be notified later on   

Record date for 12th EGM: November 22, 2020 (Sunday)

Proposed Resolution: Revise utilization of unspent IPO fund 
The Board of Directors decided to revise the utilization for rest amount of IPO fund subject to approval of shareholders in the EGM and concerned regulatory authorities as follows:
Sl#	Purpose of Utilization	Utilization plan
as per
Prospectus (Tk.)	Total Utilization
of Fund (Tk.) up to
September 30, 2020	Unspent
Balance
(Tk.)	Revise utilization Plan for unspent balance (Tk.)	
1	Acquisition of Machineries and Equipment	964,000,000	-	964,000,000	385,600,000	
2	Loan Repayment	500,000,000	500,000,000	-	-	
3	IPO Expenses	36,000,000	35,397,757	602,243	602,243	
4	Working Capital	-	-	-	578,400,000	
	Total	1,500,000,000	535,397,757	964,602,243	964,602,243	

iii)	23rd Annual General Meeting: The board decided for 23rd AGM as follows:
Date of AGM		: December 26, 2020 (Saturday)
Time		: 10:30 A.M.
Venue	: Will be notified later on   

Record date for 23rd AGM:  November 22, 2020 (Sunday)
Proposed Dividend: 1% Cash Dividend and 1% Stock Dividend

iv)	The Shareholders whose name will appear in the Share Register of the Company or in the Depository on the record date i.e. November 22, 2020, will be entitled to attend at the 12th Extra-ordinary General Meeting and 23rd Annual General Meeting.

N.B.: The details of the financial statements will also be available in the website of the Company. The address of the website ‘www.ringshine.com’.
              
      By Order of the Board,
Dated: Dhaka  								       -Sd-
October 28, 2020                                                                                    			 Asraf Ali
	     							        Company Secretary