KATHMANDU: The Nepal Stock Exchange (NEPSE) has lifted the suspension of seven companies. NEPSE had suspended a total of 11 companies on Monday this week. The exchange had frozen trading of 7 hydropower companies, one life insurance company, one development bank, and two microfinance companies.
The suspending decision was made by NEPSE on February 7, 2021, in response to the letter received from the Securities Board of Nepal (SEBON). Companies are required to submit annual reports to NEPSE and SEBON within the pre-specified time window. Companies that fail to submit the necessary documents on time can be suspended from trading by NEPSE. 11 companies were suspended because they did not submit their respective annual report for the fiscal year 2075/76 to the regulatory body.
The following companies from the suspended list had then uploaded necessary documents to NEPSE’s online platform and requested that their shares be freed for trading. With a warning to not violate the code of conduct, NEPSE has now freed the shares of the following companies:
1) Karnali Development Bank Limited (KRBL)
2) Gurans Life Insurance Company Limited (GLICL)
3) Panchthar Power Company Limited (PPCL)
4) Radhi Bidyut Company Limited (RADHI)
5) Universal Power Company Limited (UPCL)
6) Union Hydropower Company Limited (UNHPL)
7) National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS)
