NEPSE's Call for Explanation: FOWAD's Trading Halt

Nepal Stock Exchange Limited (NEPSE) has issued a notice concerning the suspension of trading in the secondary market and requested clarification from Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD).

The decision regarding no dividends for Fiscal Year 2079/80 was made during FOWAD's board meeting on the 27th of Mangsir. However, NEPSE received this information on the next day, on the 28th of Mangsir, at 12:46 pm. According to the Securities Listing Regulations, 2075, if notices, information, and decisions affecting securities prices are created, the relevant listed organization must submit them to NEPSE on the same day or the next day before the opening of business.

Since the securities of the company have been suspended for the untimely publication of the notice, NEPSE has requested clarification within three working days regarding the cause of the delay.