Companies Seek Extension for Q2 Report Submission

Industry: Stock Market
Economic Tag: Govt.

Due to a five-day Internet blackout caused by recent unrest and a government-imposed curfew, numerous listed companies have requested a 15-day extension to submit their Q2 financial reports. The Bangladesh Association of Publicly Listed Companies (BAPLC) cited disruptions in regular activities and the challenges of remote work during the Internet outage as reasons for the delay. Although Internet services have been gradually restored, ongoing connectivity issues have hindered the timely completion of reports. The Bangladesh Securities and Exchange Commission (BSEC) is considering the extension request, which was formally submitted by the BAPLC after receiving numerous company appeals. Per listing rules, financial institutions must submit Q2 reports within 30 days after the quarter ends and publish them in widely circulated newspapers.

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