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In addition, Meghna Condensed Milk did not provide any mobile contact number of its company secretary on the DSE website even though this is compulsory. On the issue, Mohammad Rezaul Karim, spokesperson of the Bangladesh Securities and Exchange Commission, said the regulator has been working on low performing companies.

“And we are taking steps on a case-to-case basis,” he added. Some of the low performing companies are sent to the OTC market while others go to the ATB or face board restructuring. “This company is also on our radar so we will take decisions in serial fashion,” Karim said.