The companies are Meghna Condensed Milk Industries Limited and Meghna Pet Industries Limited.

According to the Securities and Exchange Rules, all the listed companies have to submit their half-yearly financial report (audited or unaudited) to the SEC and concerned bourses, said a senior official of SEC yesterday.

Following the rules, the companies were required to submit their statements for the first six-months ending on December 31, 2003 by the next month, he said.

Besides, these companies also failed to publish the notice regarding the issuance and submission of the half-yearly financial statements in accordance with the rules, he added.

If the firms miss the deadline , SEC will impose another penalty of Tk 10,000 daily to MF Kamal, managing director of both companies, he said.