B Mirror Report: The Bangladesh Securities and Exchange Commission (BSEC) has placed the business operations of SME-listed leather sector company Craftsman Footwear and Accessories Limited under supervision and launched an inspection into its financial records.

A three-member investigation committee has been formed to examine the company’s factory, head office, financial statements, and other relevant documents. The committee includes Additional Director Mohammad Siddiqur Rahman and Assistant Directors Md. Shakil Ahmed and Binoy Das.

The team will review the auditor’s “key audit matters” in the company’s audited financial statements for the fiscal year ended June 30, 2025, along with the proper use of funds raised through the Qualified Investor Offer (QIO), banking transactions, unutilized funds, and any potential violations of securities laws.

The committee has been instructed to submit two hard copies and one soft copy of its report within 30 working days.

BSEC said the inspection aims to ensure financial transparency, strengthen investor confidence, and uphold discipline and good governance in the stock market.

Recent Financial Highlights of the Company:

• Declared 10.50% cash dividend for FY2025
• Earnings per share (EPS) declined to Tk 1.55 from Tk 2.18 the previous year
• Net asset value per share (NAVPS) stood at Tk 15.57
• Listed on the stock market in 2024 with paid-up capital of Tk 28 crore
• Shareholding: Sponsors/directors 45.22%, institutional investors 32%, general investors 22.78%