The Dhaka Stock Exchange (DSE) plans to investigate 42 listed firms to understand why they have not complied with listing rules. These companies raised funds from investors through the stock market but failed to provide dividends to investors. Moreover, they do not disclose financial information and hold irregular annual general meetings (AGMs).
Some companies conceal their true operations, leading to shareholder uncertainty and rumors affecting share prices. Some non-performing companies that haven’t paid dividends in years have seen significant stock price increases, prompting the DSE to scrutinize their financial status. The DSE sought permission from the Bangladesh Securities and Exchange Commission (BSEC) to investigate these 42 firms, with 14 of them already inspected. The BSEC has yet to approve the investigation of the remaining 28 companies. After the inspections, the DSE will report its findings to the BSEC, which will take the necessary actions.
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