The land owned by Apex Tannery Limited, a listed company in the leather sector, has been revalued, resulting in an increase of nearly Tk 32.8 billion, bringing the total land value to approximately Tk 34.5 billion.

The company disclosed the information on Monday through the Dhaka Stock Exchange (DSE).

According to the disclosure, the company’s board of directors recently reviewed and approved a land revaluation report prepared by M/S G Kibria & Co., Chartered Accountants. The revaluation was carried out based on the unaudited second-quarter (October–December) financial statements for the period ending 31 December 2025.

The company stated that the previous book value of its land stood at Tk 169.5 million. Following the revaluation, the current market value of the land has increased to Tk 34.463 billion. This means the land value rose by Tk 32.768 billion after revaluation.

Earlier, the company had also decided to install an Effluent Treatment Plant (ETP) at its own factory to ensure compliance with environmental standards and meet the requirements of international buyers.

According to information published on the DSE, Apex Tannery will install the ETP within its factory premises. In addition, a chrome recovery plant and a sewage treatment plant will also be constructed. The entire project will cover an area of approximately 12,000 to 15,000 square feet.

The company said the estimated cost of building this modern waste treatment facility is around Tk 120 million. The plant will have the capacity to treat waste generated at every stage of production from the “wet blue” stage to finished leather manufacturing.

Apex Tannery stated that the primary objective of this initiative is to comply with strict environmental standards imposed by international buyers and to ensure full adherence to existing environmental laws of the country.