Envoy Textiles Limited shareholders approved 30 per cent dividend for the year ended June 30, 2025, reaffirming the company’s commitment to delivering long-term value to shareholders while maintaining a strong financial foundation.
It was approved at the 30th annual general meeting of the company at the Gulshan Shooting Club in Dhaka on Saturday.
Shareholders of the company attended the meeting alongside members of the board of directors, senior management, and statutory auditors, in an atmosphere of constructive engagement and accountability.
The event was chaired by the founder and chairman, Kutubuddin Ahmed, with the managing director, Tanvir Ahmed, also attending the meeting.
Company secretary of Envoy Textiles, M Saiful Islam Chowdhur,y conducted the AGM, and representatives of the Nomination and Remuneration Committee and the Audit Committee attended the event.
Tanvir Ahmed said, ‘Envoy Textiles achieved more than double the profit of the previous year in the 2024–25 financial year, with net profit rising to approximately Tk 141 crore – the highest since the company’s inception. Earnings per share increased to Tk 8.40 from Tk 3.58 in the previous year, while net asset value per share rose to Tk 58.32 from Tk 51.93. Operating cash flow per share improved to Tk 4.77 from Tk 3.68, driven largely by higher profitability.’
During the year, the company’s revenue reached Tk 1,862.48 crore, compared with Tk 1,426.14 crore in 2023–24, representing growth of 30.60 per cent. Envoy Textiles sold 55.41 million yards of denim fabric in 2024–25, marking a 39.4 per cent increase over the previous year, supported by rising global demand for denim products and expansion in sales.
Ahmed stated, “In FY 2024–25, we significantly enhanced our overall business efficiency. Our revenue growth, effective cost management, and improved profitability demonstrate the strength of our business model. We are confident that the initiatives we have undertaken will continue to reinforce Envoy Textiles Limited’s position and deliver increased returns for our valued shareholders in the years ahead.”
In accordance with the provisions of the company’s Articles of Association and based on the Board’s recommendation, shareholders elected Sumayyah Ahmed, Sunil Daulatram Daryanani, and Md Moin Uddin as directors of Envoy Textiles Limited.
Dhaka University professor of the Institute of Business Administration Tanzina Haque was appointed as an independent director.
Shareholders also approved the appointment of the company’s auditors for the term ending with the 31st AGM and determined their remuneration.
Additionally, the appointment of a Professional Accountant/Secretary for the year 2025–26 was endorsed.