Corporate DisclosurePROVATIINS
PROVATIINS Corporate Disclosure — 14 June 2023
Announcement summary
- What happened
- PROVATIINS published a corporate disclosure on 14 June 2023. Read the full announcement for details.
- Company
- Provati Insurance PLC.
- Announcement published
Original announcement
The auditor of Provati Insurance Company Limited has given the "Qualified Opinion" in the Auditor's Report for the year ended December 31, 2022. "Basis for Qualified Opinion: Investment in shares amounting to Tk. 134,129,132 didn't represent at fair value in the financial statement (Refer to Note No-16.02). Unrealized loss of investment in shares amounting to Tk. 25,784,333 has been adjusted with the retained earnings instead of other comprehensive income which is non-compliance of IAS-39."
Bangla translation
A Bangla translation is under review because critical figures or dates did not match the English disclosure.
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 64894644a7ae9d76457478d4
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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