Participation of Shasha Denims in the Ghorashal ICD Project

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Participation of Shasha Denims in the Ghorashal ICD Project

Through a joint venture agreement, listed Company Shasha Denims PLC has obtained work on the Ghorashal Inland Container Depot (ICD) development project. The project will be carried out in the vicinity of Ghorashal Flag Railway Station, according to sources from the Dhaka Stock Exchange.

The project will be executed under the Design, Build, Finance, Operate, Maintain and Transfer (DBFOMT) model. It will be completed on a Public–Private Partnership (PPP) basis with Bangladesh Railway. For this purpose, a new company will be formed, in which the shareholding structure of Shasha Denims and its partners will be determined. After fulfilling the conditions of the Letter of Award (LoA), the new company will sign a formal agreement with Bangladesh Container Company Limited (CCBL), an entity under the Ministry of Railways.

From a financial perspective, in the first quarter (July–September) of the current 2025–26 fiscal year, Shasha Denims’ earnings per share (EPS) stood at 31 paisa, compared to 40 paisa in the same period of the previous fiscal year. As of 30 September 2025, the company’s net asset value per share (NAVPS) was Tk 42.15.

For the most recent 2024–25 fiscal year, the company declared a 5 percent cash dividend for investors. In that year, its EPS was Tk 1.57 and NAVPS was Tk 41.84.

The company, which was listed on the stock market in 2015, has an authorized capital of Tk 3 billion, while its paid-up capital stands at Tk 1.41036 billion. Currently, the company’s reserves amount to Tk 3.1591 billion. The total number of shares is 141,035,910. Of these, sponsor-directors hold 44.40 percent, institutional investors 24.36 percent, foreign investors 0.01 percent, and the general public holds 31.23 percent of the shares.

 

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