22 companies being transferred to Z category Sunday

A total of 22 listed companies are being transferred to ‘Z’ category from Sunday (February 18) as they failed to hold AGM and declare any dividends.

Bangladesh Securities and Exchange Commission (BSEC) has taken the decision.

Sources in BSEC and DSE said this.

‘Z-category Companies’ are those who fail to hold annual general meetings (AGM) or fail to declare any dividend based on their annual performances or which are not in operation continuously for more than six months.