The Bangladesh Securities and Exchange Commission (BSEC) has granted Summit Power time to submit its financial statement, according to a disclosure published on the Dhaka Stock Exchange website yesterday.

The listed power generation company now has until March 31 of 2025 to submit its audited financial statements for the fiscal year ending on June 30, 2024.

The same will be applicable for the submission of the unaudited financial statements for the quarters ending on September 30 and December 31 of 2024.

The original deadlines were October 28 and November 14 of 2024 and January 30 of 2025 respectively.

Summit Power assured stakeholders that it would complete the necessary audits and prepare all required reports within the extended timeline, as per the disclosure.

The development comes after the company recently sought a five-month extension from the BSEC for submitting the audited financial report for fiscal year 2023-24, which ended in June this year.

Publicly listed companies have to submit audited financial reports within 134 days of the end of a fiscal year and hold the annual general meeting within the following fiscal year.