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No extension granted to Handal Energy on annual report submission, Bursa clarifies - The Edge Malaysia

No extension granted to Handal Energy on annual report submission, Bursa clarifies The Edge Malaysia

Source: The Edge Malaysia · August 11, 2026 at 5:07 AM · AI-assisted report

No extension granted to Handal Energy on annual report submission, Bursa clarifies - The Edge Malaysia
Photo: Wikimedia Commons

KUALA LUMPUR, 11 AUGUST 2026 —

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KUALA LUMPUR (Aug 11) - Bursa Malaysia has clarified that Handal Energy Bhd has not been granted an extension to submit its 2025 annual report and financial statements, amid concerns over the company's potential delisting. The company's shares have been suspended from trading since May 11, after it failed to submit the annual report within the prescribed four-month deadline from the close of its financial year ended Dec 31, 2025.

Market Impact

The issue of delayed annual report submissions by Handal Energy is not new, with the company having provided monthly updates on its progress since end-April. At that time, Handal Energy announced that it was unable to submit the annual report by the deadline, citing reasons that were not disclosed. Since then, the company has issued several updates, each delaying the expected issuance and submission date of its annual report.

The latest update, on Aug 6, indicated that the company expects to submit the annual report by Oct 30, which is the last day before Bursa Malaysia may begin the delisting process if the report remains outstanding.

In its latest statement, Bursa Malaysia emphasized that Handal Energy's announcements on its annual report submission should not be construed as extensions of time granted by the exchange. The bourse noted that these announcements are within the provisions under the listing requirements, which allow companies to provide updates on their progress.

However, Bursa Malaysia has issued a query to Handal Energy, seeking more detailed information on the progress of the audit process and greater clarity on the expected submission date of its annual report. This move is part of the exchange's ongoing oversight of the company's compliance with the listing requirements.

The potential delisting of Handal Energy could have significant implications for the company's shareholders and the broader market. If the company's annual report remains outstanding for six months after the due date, or by Oct 30, it may face delisting. This could result in significant losses for shareholders, who may be unable to recover their investments.

Furthermore, the delisting of a company can also damage investor confidence in the market, particularly if it is seen as a result of poor corporate governance or regulatory oversight.

In terms of market impact, the suspension of Handal Energy's shares has already had a significant effect on the company's shareholders. The lack of clarity over the company's financial position and the delayed submission of its annual report have created uncertainty and volatility in the market. If the company is ultimately delisted, it could also have a negative impact on the broader energy sector, which is already facing significant challenges in Malaysia.

Details on the potential impact on other companies in the sector are not yet available, but it is likely that the delisting of Handal Energy could have far-reaching consequences.

Looking ahead, the outcome of Handal Energy's annual report submission and the potential delisting of the company will be closely watched by investors and regulators. Bursa Malaysia's oversight of the company's compliance with the listing requirements will be crucial in ensuring that the company meets its regulatory obligations.

If Handal Energy is ultimately able to submit its annual report and avoid delisting, it will be a significant positive development for the company's shareholders and the broader market. However, if the company is delisted, it will highlight the need for stronger regulatory oversight and corporate governance in Malaysia's capital markets. The next update from Handal Energy, expected by Oct 30, will be closely watched by all stakeholders.

Related: Handal Energy Bhd · Bursa Malaysia · Kuala Lumpur

Reporting based on The Edge Malaysia. Figures and claims are subject to revision as the story develops. DomainFork publishes editorial context, not investment advice — see our editorial standards.