B Mirror Report : Anwar Galvanizing, a listed engineering company, has come under scrutiny after showing massive losses in the last fiscal year but unusually high profits in the first quarter of the current year. The company decided not to declare dividends for the year ending June 30, 2025, citing continuous losses, yet its share price has soared abnormally in recent weeks.

According to the Dhaka Stock Exchange (DSE), the company reported a loss per share of Tk 12.32 for the 2024–25 fiscal year but surprisingly posted an EPS of Tk 2.26 in the first quarter of 2025–26. Market observers have questioned how such a turnaround was possible within just three months.

Despite no dividend declaration, the share price of Anwar Galvanizing hit the upper limit after the announcement, rising by over 43% in just 15 days to reach Tk 101.10 — its highest in a year.

Market insiders suspect irregularities and possible manipulation behind the price surge. They have urged regulators to conduct a neutral and thorough investigation into the company’s financial statements and trading patterns to protect investor interests and market stability.