The Nepal Stock Exchange Limited (NEPSE) has sought clarification from Grameen Bikas Laghubitta Financial Institution Limited over the delayed disclosure of its board of directors’ meeting decisions.

NEPSE issued a letter on Thursday instructing the company to submit an explanation within three working days, stating that the decisions were not disclosed in a timely manner as required by regulations.

According to NEPSE, the company’s board meeting was held on Jestha 3, 2083, at 7:00 AM. The meeting made key decisions including convening the Annual General Meeting for FY 2081/82, share transfer-related matters, and dividend distribution decisions.

However, NEPSE noted that the disclosure of these decisions was uploaded to the NOTS system only on Jestha 7 at 9:33 AM, indicating a significant delay.

Under Regulation 22(1) of the Securities Listing Regulations, 2075, listed companies are required to publish any price-sensitive information or decisions by 10:30 AM before trading opens on the same day or the next trading day.

NEPSE has therefore instructed the company to explain why the disclosure was made only after three trading days, in violation of the regulation.