The Dhaka Stock Exchange (DSE) has instructed brokerage firm Sinha Securities Ltd to amend its financial statements for the year ended June 30, 2025, along with the comparative figures for previous periods.

In a recent letter to the company’s managing director and CEO, the DSE directed Sinha Securities to disclose the nature, reasons and financial impact of each amendment. The company must also submit reconciliation statements showing the accounts before and after the revisions, along with supporting documents.

The revised financial statements must be reviewed and certified by the statutory auditor and prepared in compliance with applicable International Accounting Standards (IAS), International Financial Reporting Standards (IFRS), laws and regulatory requirements.

The DSE said management, the board of directors and the statutory auditor are responsible for determining and applying appropriate accounting practices. It added that their accountability would also be considered if amendments to the financial statements are required.

Earlier, the Bangladesh Securities and Exchange Commission (BSEC) conducted an investigation into Sinha Securities and found a Tk 9.82 crore shortfall in its consolidated customers’ account (CCA).

After the shortfall was not settled within the extended deadlines, the BSEC decided at its 921st meeting on September 18 to freeze the bank and BO accounts of the company’s directors, managing director and CEO. The commission subsequently notified the Bangladesh Financial Intelligence Unit (BFIU) and requested a travel ban through the Special Branch of police.