The Bangladesh Securities and Exchange Commission (BSEC) is going to recast the board of directors of Simtex Industries Limited – a manufacturer of sewing threads – to minimise the company's internal conflicts so that it can move on with its business activities. Accordingly, the BSEC has decided to remove three directors – two independent and one nominated – of the company and
Simtex Industries Limited’s profit rose to Tk 3.58 crore in the first half of the ongoing financial year, up 4.67 per cent from Tk 3.42 crore year-on-year.