The last four years (2020–23) have seen losses for Listed Renwick jaineswar. The company’s losses exceed its paid-up capital by multiple times.

Sources at the Dhaka Stock Exchange (DSE) are aware of this information.

The company’s most recent fiscal year, 2023–2024, saw a loss per share of Tk (20.33). As a result, the company, which had a paid-up capital of Tk 2 crore, lost Tk 4 crore 7 lakh in a single year.

Prior to this, the company made a total of Tk 6 crore 47 lakh per share (32.35) in the 2019–20 fiscal year, Tk 4 crore 67 lakh per share (23.32) in the 2020–21 fiscal year, and Tk 43.24 per share in the 2021–22 fiscal year. ) a total loss of 8.65 lakh Taka was incurred.

Renwick jaineswar has been in loss since the financial year 2019-20. From that year to 2023-24 financial year or in the last 4 financial years, the net loss of the company was Tk 23 crore 86 lakh.

Due to such losses, the company’s net assets per share (NAVPS) became negative (87.88) on June 30. That is, the shareholders will not get anything when the company is liquidated.

Note that the paid up capital of Renwick jaineswar, which was listed in the stock market in 1989, is Tk 2 crore. Of this, 49 percent ownership is in the hands of different categories of investors in the stock market. The company’s share price stood at Tk 644.20 on Monday (December 23).