** People rescuing an injured passenger from inside a passenger bus hit by a truck on Dhaka-Mawa Expressway in Shologhar area of Shreenagar upazila in Munshiganj on Thursday. ** Motorcycles allowed on Padma Bridge after 10 months ** Commuters charge extra fare, passengers disappointed ** 78 people killed in Yemen stampede ** Moon sighting committee meets today to ascertain Eid day ** 9 killed in road accidents in 3 districts ** US announces new $325 m military aid package for Ukraine ** Eid-ul-Fitr in Saudi Arabia today ** Eid exodus begins ** LPG price cut illusive ** 15 hurt as bus overturns in capital ** New interbank cheque clearing timings set for Eid holidays ** Four women hit by a train die in Tangail ** 12.28 lakh SIM users left Dhaka on Tuesday ** Sylhet engineer threatened over power outage ** People rush to village homes to spend Eid holidays with their near and dear ones. This photo was taken from Sadarghat Launch Terminal on Tuesday. NN photo ** Surge in cases of dehydration, diarrhoea amid summer heat wave ** Padma Bridge construction cost increases by Tk 2,412cr ** PM gives Tk 90m to Bangabazar fire victims ** Textile workers block highway demanding wage, Eid bonus ** Attack on PM's motorcade Ex-BNP MP, 3 others get life term ** Load-shedding increases for demand of electricity during heat wave ** Motorbikes to be allowed on Padma bridge from Thursday ** 5-day Eid vacation begins from today ** Take Nangalkot train accident as a warning about negligence of govt functionaries **

Simtex Industries ordered to restructure board

24 March 2023

Business Report :
The Bangladesh Securities and Exchange Commission (BSEC) has ordered Simtex Industries to restructure its board in order to ensure effective corporate governance.
The stock market watchdog asked the textile company to remove its existing independent directors Md Akram Hossain and Shah Md Asad Ullah, nominated director Sharif Shahidul Islam and chairman Md Sarwar Hossain.
The company was also asked to form the board with five independent directors, namely: Shobod Deb Nath, Kawser Ahmed, Md Abdul Kaium, Abid Al Hasan and Sheikh Mamun Khaled and make Khaled chairman of the new board.
The BSEC issued an order on Wednesday saying that the decision was taken for the sake of the investors and development of the securities market.
Simtex Industries is now traded at the bourse as a 'B' category share as it disbursed dividend lower than 10 per cent in 2022.

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