Regarding extension of time for appointment of Female Independent Directors in the listed companies

Bangladesh Securities and Exchange Commission
Issuer Company Affairs Division
Corporate Governance Department
Bank, NBFI and Insurance Section www.sec.gov.bd

Ref. No. BSEC/ICAD/CGD/2023/106/Part-I/333 Date: 26 July 2026

Subject: Regarding appointment of female independent director in the listed companies.

As per the condition No. 1(2)(a) of Corporate Governance Code-2018, vide the Commission's Notification No. BSEC/CMRRCD/2006-158/207/Admin/80, dated 03 June 2018 (Gazette Publication dated 10 June 2018) and BSEC/CMRRCD/2009-193/76/PRD/151 dated 04 April 2024 (Gazette Publication dated 29 April 2024); and BSEC/ICAD/CGD/2023/106/Part-I/373 dated 29 July 2025, the deadline for appointment of female independent director in the Board of Directors of the listed companies was 31 December 2025.

In this connection, the undersigned is directed to inform you that the Commission has decided to extend the time, for appointment of female independent director in the Board of Directors of the listed companies as per the above condition up to 31 December 2026. Both the stock exchanges are requested to disseminate the Commission's decision to all concerned immediately.

By Order of the Commission -

(Mawdud Momen)
Deputy Director (General)
Cell: 01715969339
E-mail: mawdud@sec.gov.bd

Distribution (not as per seniority):

1. Managing Director, Dhaka Stock Exchange PLC., DSE Tower, Nikunja-2, Dhaka;
2. Chief Regulatory Officer, Dhaka Stock Exchange PLC., DSE Tower, Nikunja-2, Dhaka;
3. Managing Director, Chittagong Stock Exchange PLC., CSE Building, 1080, Sk. Mujib Road Agrabad, Chittagong;
4. Chief Regulatory Officer, Chittagong Stock Exchange PLC., CSE Building, 1080, Sk. Mujib Road Agrabad, Chittagong;
5. President, Bangladesh Association of Publicly Listed Companies (BAPLC), Gulshan Palladium (5th Floor, Flat: D5), House C-1, Road 95, Gulshan 2, Dhaka-1212;
6. Executive Director, Law Division, BSEC; and
7. Spokesperson, BSEC.

Copy to:

1. PO to Chairman, BSEC, and
2. PO to All Commissioners, BSEC.