B Mirror Report: The auditor has expressed concern over the ability of Altex Industries, a company listed on the stock market, to continue or sustain its business operations. This concern was raised in the audit of the company’s latest financial statements for the 2024–25 fiscal year.
According to the auditor, Altex Industries’ accumulated losses stood at Tk 86.24 crore as of June 30, 2025. In addition, the company has lost its ability to repay its loans. It does not have the capacity to arrange funds from any source to meet its debt obligations. Meanwhile, the company is burdened under a mountain of debt, with total liabilities amounting to Tk 307.52 crore.
Under these circumstances, the auditor stated that serious doubt has arisen regarding the company’s ability to return to business operations or continue as a going concern.
It is worth noting that Altex Industries, which was listed on the stock market in 1996, has a paid-up capital of Tk 55.97 crore. Of this, 63.75 percent is owned by investors from various categories in the capital market. On Monday (09 February), the company’s share price stood at Tk 15.10.
