For the year ending June 30, 2024, the Dhaka Stock Exchange (DSE) has withheld information regarding the dividend payment of listed business Oimax Electrode Limited. When a company’s category is downgraded, DSE acts without warning. However, when it comes to category improvement, DSE officials waste time. They are also accused of using their personal interests.

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 was not posted on their websites. 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, listed company Oimax Electrode submitted its dividend distribution compliance report to DSE on February 6.

It is known 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.

Capital market analysts say that all information, including price-sensitive information of listed companies, goes to the commission and the stock exchange first. Accordingly, the stock exchange should publish it as soon as possible and inform investors.

Bangladesh Capital Market Investor Association (BCMIA) Chief Spokesperson Md. Nurul Islam Manik told media that currently, there is a game going on in the capital market regarding dividend distribution. Some dishonest officials of the DSE are taking advantage of this. They will buy shares cheaply and take advantage by keeping the dividend distribution information 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 3 percent dividend for shareholders.

According to DSE sources, the company’s earnings per share (EPS) in the second quarter of the current financial year was 44 paisa. Last year, the earnings were 30 paisa in the same period. In the first two quarters of the financial year, i.e. 6 months (July ’24-December ’24), the company’s earnings per share were 45 paisa. Last year, the earnings were 9 paisa in the same period. The company’s net asset value per share (NAVPS) as of December 31, 2024 was 3 taka 70 paisa.