B Mirror Report: The Dhaka Stock Exchange (DSE) has issued a show-cause notice to listed textile company Dulamia Cotton Spinning Mills Limited for failing to comply with dividend-related regulations. The action was taken as the company did not submit its dividend compliance report within the stipulated timeframe.

Under BSEC and DSE listing regulations, companies are required to submit a detailed report within seven working days after completing dividend distribution. At its Annual General Meeting (AGM) held on December 3, the company approved a 3 percent cash dividend for the fiscal year 2025. According to the rules, the dividend must be distributed within one month and the compliance report submitted within the following seven days, but the company failed to meet this requirement.

DSE sources said that Dulamia Cotton, located in Feni, has remained fully closed since June 14, 2020. Despite the suspension of operations, the company reported a net profit of Tk 2.2 million and earnings per share (EPS) of 29 paisa for the first half (July–December) of the current fiscal year. In the same period of the previous year, net profit stood at Tk 1.7 million with EPS of 23 paisa.

The reporting of profits despite the factory remaining closed, along with an unusual rise in share price, has raised questions among investors. On January 25, the company’s share price was Tk 124.40, which increased to Tk 138.50 on Monday. Market stakeholders have called for closer monitoring of the company over the price surge and regulatory non-compliance while operations remain suspended.