Corporate DisclosureTITASGAS

TITASGAS Corporate Disclosure — 27 November 2019

Published
Last verified by BullBD

Announcement summary

What happened
TITASGAS published a corporate disclosure on 27 November 2019. Read the full announcement for details.
Company
Titas Gas Transmission and Distribution PLC.
Announcement published

Original announcement

(Continuation news of TITASGAS): for the said fund has increased by an amount of Tk. 59.62 crore and an amount of Tk. 51.58 crore has been paid by the Company to the outgoing employees as final settlement. As such, the required provision for pension fund as on 30 June 2019 has stood at Tk. 827.78 crore. But the management of the Company on the ground of inadequacy of fund as well as insufficient yearly profit decided to initially provide Tk. 188.90 crore in three years commencing from 2018-19 (cont. 4)

Source & verification

Source
Published company disclosure
Published through
Dhaka Stock Exchange
Announcement ID
616aceb25a6b0000400580c5
Original publication
Last verified by BullBD
Translation
BullBD
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