31 DSE firms fail to submit audited reports
Star Business Report
A total of 31 listed companies have failed to submit their audited reports to the Dhaka Stock Exchange (DSE) on time.However, 73 companies have submitted their audited report to the premier bourse while 11 companies have sought time extension for submitting their audited reports, DSE sources said. As per the DSE regulations, a total of 115 listed companies were required to submit their audited report to the stock exchange within November 14 as their financial year ended on June 30. The DSE has the authority to slap a daily fine of Tk 500 on the 31 listed companies for failing to submit audited reports to the bourse. "But, we might be flexible in taking action against those companies considering the present volatile political situation that not only forced us to remain closed for several days but also halted the normal activities of the companies," said DSE Chief Executive Officer Salahuddin Ahmed Khan. The companies which failed to submit audited reports are: Amam Sea Food, Bangla Process, Bangladesh Luggage, BCIL, BD Zipper Ind, Bengal Biscuits, Bengal Fine Ceramic, Chic Tex Ltd, Gachihata Aquaculture, GMG Ind Corp, Gulf Foods, Hakkani Pulp and Paper, Imam Button, M Hossain Garments, Meghna Condensed Milk, Meghna Pet Industries, Metalex Corporation, Mita Textile, Perfume Chemicals Pharmaco International, Phoenix Leather, Raspit Data Management, Raspit Inc (BD), Renwick Jajneswar, Rose Heaven Ball, Sajib Knitwear, Samorita Hospital, Shaympur Sugar, Sonali Aansh, Sonali Paper and Zeal Bangla Sugar. Of the companies, share trading of Amam Sea Food, Metalex Corporation and Sonali Paper remained suspended.
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