For the fiscal year ending June 30, 2024, the Dhaka Stock Exchange (DSE) has withheld the dividend distribution details of BD Thai Aluminum Limited, a capital market-listed business. When a company’s category is downgraded, the DSE acts without warning. However, when it comes to category improvement, the DSE officials waste time. They are also accused of using their personal interests. Relevant sources have provided this information.
The source claims that the company’s dividend distribution compliance report was received by the BSEC, Dhaka, and Chittagong Stock Exchanges on Thursday, February 6, but it was not posted on the internet. On Sunday, the first working day of the week, the stock exchange did not release it.
According to the Dhaka Stock Exchange (Listing) Regulation, 2015, there is a provision for companies listed on the capital market to submit dividend distribution compliance reports. Accordingly, BD Thai Aluminum, a company listed in the engineering sector, submitted its dividend distribution compliance report to the DSE on February 6.
It is learned that there is a provision to publish the dividend distribution compliance report of listed companies on the website on the working day of submission to the stock exchange or on the first working day after that. However, the DSE has kept it secret without publishing it.
When asked about this, DSE Public Relations Officer Shafiqur Rahman told Media, “I received the dividend distribution compliance report after office hours on the last working day. Moreover, it is not a PSI or price sensitive information. As per the rules, the DSE verifies the compliance report by contacting the company. And that is what took time. Today, the news of dividend distribution can be posted on the website at any time during the day.
Capital market analysts say that all information, including price sensitive information of listed companies, goes to the commission and stock exchange first. Accordingly, the stock exchange should publish it quickly and inform the investors.
Bangladesh Capital Market Investor Association (BCMIA) Chief Spokesperson Md. Nurul Islam Manik told Media, currently, there is a game going on in the capital market regarding dividend distribution. Some unscrupulous officials of DSE are taking advantage of this. They will buy shares cheaply by keeping the information about dividend distribution secret. General investors are suffering a lot due to this. I expect punitive action to be taken against those involved in these activities.
It is worth noting that in the last year, the company has declared a dividend of 0.25 percent for shareholders.
The company lost 62 paisa per share during the second quarter of this year, according to DSE sources. In the same time frame last year, it lost 23 paisa. The corporation has lost 90 paisa per share in the first two quarters of the fiscal year, or six months (July 24–December 24). 42 paisa was lost around the same time previous year.
As of December 31, 2024, the company’s net asset value per share (NAVPS) was 28 taka 68 paisa.
