TECHNODRUG: Further Clarification on News Published in Newspaper/Online Portal
(Cont. News of TECHNODRUG): which are historically sold through government tender processes. Over the last two years, sales through government tenders were temporarily halted, which severely impacted our cash flow and led to a delay in servicing our bank loan interest. Of the total interest amount of BDT 21.78 Crore, we have repaid BDT 8.80 Crore, leaving an overdue balance of BDT 12.98 Crore. Furthermore, we were unaware that the bank had initiated the auction process at that stage..." (end)