B Mirror Report: Dacca Dyeing and Manufacturing Company, a listed firm on the stock market, is struggling with financial distress and multiple operational challenges, putting its business future in uncertainty. Due to these issues, the company’s auditor has expressed concern about its ability to continue operations in the future.
The concern was raised in the audit of the company’s financial statements for the 2024–25 fiscal year.
According to the auditor, the company has fallen into accumulated losses (retained loss). In addition, a significant portion of its long-term and short-term loans has reached current maturity, meaning repayment is now due. At the same time, a large part of the company’s production capacity remains underutilized. Considering this difficult financial situation, the auditor has questioned the company’s ability to continue its business operations going forward.
It is worth noting that Dacca Dyeing, which was listed on the stock market in 2009, has a paid-up capital of Tk 871.5 million. Of this, 69.90 percent ownership is held by general investors in the stock market (excluding sponsors and directors). As of Tuesday (March 3), the company’s share price stood at Tk 18.00.
