Alhaj Textile investors sandwiched by two parallel managements

Business Desk :
When the securities regulator-appointed board of directors sought stock exchange approval to defer the board meeting till the end of December to adopt annual financial statements, the company secretary of Alhaj Textile, backed by a parallel board claiming themselves the valid one, called for the same meeting on 9 November.
However, the Dhaka Stock Exchange (DSE), upon receiving contradictory updates from the groups conflicting for the company’s authority, asked investors not to count on 9 November as the meeting date for annual financial updates and dividends.