Envoy Textiles recommends 32.5% cash dividend

Envoy Textiles has recommended a 32.50% cash dividend for FY26 despite a slight drop in net profit to Tk138 crore.

Envoy Textiles Limited has recommended a 32.50% cash dividend, equivalent to Tk3.25 per share of Tk10 each, for the fiscal year ended 30 June 2026.

The company’s board approved the audited financial statements and dividend recommendation at a meeting on 27 September, according to a price-sensitive information disclosure.

The textile manufacturer reported a net profit after tax of Tk138 crore for FY26, slightly down from Tk140.89 crore a year earlier. Its earnings per share (EPS) stood at Tk8.24, compared with Tk8.40 in FY25.

Despite the decline in profit, net operating cash flow per share (NOCFPS) rose sharply to Tk14.88 from Tk4.77. Net asset value (NAV) per share also increased to Tk60.33 from Tk58.32.

The company will seek shareholder approval for the dividend and audited financial statements at its annual general meeting (AGM) on 5 December. The record date has been set for 26 October.

The board has also proposed changing the company’s name from “Envoy Textiles Limited” to “Envoy Textiles PLC”, subject to shareholder approval at the AGM.

Source: The Business Standard