Dhaka Stock Exchange (DSE) has slapped a daily fine of Tk 500 on 27 listed companies for failing to submit half-yearly financial reports to the premier bourse on time.

According to sources, the premier bourse yesterday formally informed the companies of the fines that took effect from yesterday [Thursday].

The DSE also asked the companies to send the required financial statements along with a late fee of Tk 500 per day.

During the timeframe that ended December 31, a total of 109 companies were supposed to submit their half yearly reports within January 31.

A total of 79 companies, however, have submitted their reports to the bourse while three companies have sought time extension for submitting their reports, the sources said.

The companies that received fines include Amam Sea Food, Ashraf Textile, Bangla Process, Bangladesh Luggage, BCIL, BD Zipper Ind, BSC, Chic Tex Ltd, Delta Spinners, GMG Ind Corp, Gulf Foods, Hakkani Pulp and Paper, M Hossain Garments, Metalex Corporation, Mona Food, Perfume Chemicals, Pharmaco International, Phoenix Leather,