Nepal Stock Exchange Limited(NEPSE) has decided to de-list some 19 of its listed companies due to their failure to meet the requirement of paying annual renewal charge within the first three months of the current fiscal year.
"As these companies violated the concerned provision of the Stock Listing Regulation, 2053 (Second Amendment), we have decided to prohibit them from carrying out stock transaction by way of delisting," read a press release issued by NEPSE on Wednesday.
The releases further stated that the de-listed companies will again be allowed to operate in the capital market if they adhere themselves to the related provision by paying annual renewal charge.
The de-listed companies include Nepal Electricity Authority (Bond-2069), Nabil Bank Limited (Bond 2075), Raghupati Jute Mills, Jyoti Spinning Mill, Nepal Finance Limited, Yak and Yeti Hotels Ltd and Nepal Welfare Company Limited, among others. Nepalnews.com