The Securities and Exchange Commission (SEC) yesterday warned five companies for non-compliance of various securities rules, official sources said.
The SEC issued the warning letters to Al-Amin Chemical Industries Ltd, Beach Hatchery Ltd, Eagle Star Textile Mills Ltd, Himadri Ltd and Bangladesh Thai Aluminium Ltd.
AL-Amin Chemical and Beach Hatchery warned for not distributing dividends in due time to the shareholders while Bangladesh Thai Aluminium warned for not submitting half yearly financial statements to the SEC in time.
Besides, Himadri warned for not mentioning book closure date as a price sensitive issue in the annual general meeting report, which was submitted to the commission, while Eagle Star Textile warned for not submitting unedited audio-visual recording of annual general meetings for the year 2001, 2002, 2003 and 2004 to the SEC.
