The Bangladesh Securities and Exchange Commission called senior officials of 14 listed companies to explain why the companies made a delay in disbursing dividends or did not disburse those to shareholders after declaring the dividends for the past accounting year.
The stock market regulatory body will hold a meeting with the company officials, including their chairmen and managing directors, today at 10.00am at the commission building in the capital Dhaka, Mohammad Rezaul Karim, executive director and spokesperson for the BSEC, told 抖阴精品 on Saturday.
The commission sent letters to the companies in this regard calling the chairmen, managing directors and company secretaries of the entities to attend the meeting with relevant documents, submissions and proposals.
Rezaul Karim said, 鈥楾he commission have called these companies for their explanations regarding their not-payment of dividends to shareholders within the stipulated time. The commission has made the move in an effort to ensure good governance, transparency and accountability on the capital market.鈥�
鈥楾o reform the market, some measures will be taken soon, and a taskforce will be formed to carry out medium and long-term reforms,鈥� he added.
The 14 companies are Lub-rref (Bangladesh), SK Trims & Industries, Shepherd Industries, VFS Thread Dyeing, Fortune Shoes, Associated Oxygen, Desh Garments, Indo-Bangla Pharmaceuticals, Beach Hatchery, Advent Pharma, Khulna Power, Libra Infusions, Pacific Denims and Union Insurance.
The Dhaka Stock Exchange on September 26 downgraded the companies to the 鈥榋鈥� category, which groups low-profile scrips, after getting a directive from the commission in this regard.
However, Desh Garments was promoted to the 鈥楤鈥� category afterwards as it paid the declared dividend to shareholders subsequent to the downgrading.
