Leading yarn manufacturer Square Textile PLC has announced a planned investment of Taka 40 crore to boost production capacity under a Balancing, Modernisation, Rehabilitation, and Expansion (BMRE) programme. At the same time, the company’s board has approved the merger of its almost wholly-owned subsidiary Square Texcom Limited with the parent company.
The subsidiary, located in Kathali, Valuka (Mymensingh), has been a key contributor to the group’s operations. Square Textile holds a 99.88% equity stake in Square Texcom, corresponding to an investment of Taka 48.93 crore.
According to the company’s latest disclosures, Square Texcom delivered a 28% rise in revenue for the fiscal year 2024-25, reaching Taka 197.89 crore. Net profit grew by 8% to Taka 7.99 crore.
The parent firm also reported a consolidated earnings-per-share (EPS) of Taka 7.24, a 23% increase on the previous year, and a net asset value per share of Taka 55.86.
Industry analysts suggest that the dual move of expansion plus merger signals a strategic focus on enhancing production efficiency and strengthening competitiveness amid the growing textile sector in Bangladesh.
