NEPSE Suspends BHDC Trading Over Delayed Market Information
Summary
NEPSE has suspended trading in Bindhyabasini Hydropower Development Company Limited after the company delayed reporting key financial decisions, including its annual general meeting, book closure date and dividend distribution. The exchange has asked BHDC to submit a written clarification within three working days.
Key Points
- NEPSE suspended share trading of Bindhyabasini Hydropower Development Company Limited (BHDC) for failing to disclose price-sensitive decisions on time.
- BHDC’s board finalized AGM, book closure and dividend matters on Ashwin 26, 2083, but uploaded the information to NEPSE only late on Ashwin 27.
- Securities rules require listed companies to report such decisions the same day or before the next business day’s market opening.
- NEPSE has asked the company to provide a formal written explanation within three working days.
