Shareholding Condition

Shareholding Condition:

• All sponsors/promoters and directors of a company listed with any stock exchange shall all time jointly hold minimum 30% (thirty percent) shares of the paid-up capital of the company.
• Each director other than independent director (s) of any listed company shall hold minimum 2% (two percent) shares of the paid up capital, otherwise there shall be a casual vacancy of director.

Lock-in period:

Ordinary shares (or converted from any other types of securities) at the time of according consent shall be subject to lock-in for 1 year.

Migrate to Main Board in DSE:

• If the paid-up capital becomes Tk. 30 crore or more, the company must report the Commission and DSE immediately.
• The company shall apply for listing in the main board of the exchange following due formalities, within next two years of achieving paid-up capital.