Summit Power Limited (SPL) has sought a five-month extension from the Bangladesh Securities and Exchange Commission for providing the audited financial report for fiscal year 2023-24, which ended last June. 

The report was supposed to be submitted by October this year, the publicly listed company stated in a statement on its website yesterday.

The company said it hoped to hold the associated annual general meeting (AGM) around April or May of 2025.

Public listed companies have to submit audited financial reports within 134 days of the end of a fiscal year and hold the AGM within the following fiscal year.

The financial report of fiscal year 2023-24 was supposed to be published by October 28 and the dividends declared at the same time, said officials.

The statement said Summit Corporation Limited has 18 power plants and of them, the SPL owns 15 which have a combined installed capacity of 976 megawatts (MW).

Of them, 10 plants of the SPL are operational, having a capacity of 808MW, said the statement. Three plants of Summit Corporation Limited are also operational, having a capacity of 1,279MW.

The remaining five of the SPL have been kept shut, either for fuel shortages or expiry of power purchase agreements with the government. They have a combined capacity of 168MW.