Dacca Dyeing financial analysis: frozen bank loans, qualified audit and negative NAV after interest re-fix (Oct 2026)

Investment considerations: frozen loans, gas disconnected since 26-Jul-2023 and negative NAV per share

The Dacca Dyeing and Manufacturing Company Limited owns "one composite textile plant at Tongi, Gazipur having preparatory weaving, dyeing, finishing, and printing facilities producing high quality of bed sheet, napkin, table cloth, shirting fabrics, towel bath linen, kitchen linen, and all shorts of home textile products for marketing in Europe and North America", in the words of its FY2025 notes [1 p.15]. The company was incorporated on 31-Dec-1963 and listed on the Dhaka and Chittagong stock exchanges in October 2009 [1 p.15]. It is in the DSE's Z category [7]. All figures in this note are the company's own statements; the company has no subsidiary or associate in the FY2024 shareholding annexure [2 p.30].

Five facts from the filings: first, FY2025 revenue was BDT 223.4m, all of it local sales net of VAT, and the FY2025 notes print export earnings of US$ 00 [1 p.31] [1 p.36]. Second, cost of revenue was BDT 465.1m, for a gross loss of BDT (241.7)m [1 p.12]. Third, the balance sheet carries BDT 1,252.0m of bank borrowings that the notes describe as blocked by the banks since 2014-15, and BDT 1,813.6m of unpaid bank interest inside trade and other payables [1 p.28] [1 p.5]. Fourth, the auditor qualified the FY2025 opinion and reported a material uncertainty on going concern [1 p.2] [1 p.6]. Fifth, after the company booked a re-fixed interest amount in the December 2025 quarter, NAV per share was BDT (18.23) at 31-Mar-2026 [6].

Equity of BDT 2,240.3m at June 2025 included an assets revaluation reserve of BDT 3,293.0m and retained earnings of BDT (1,928.0)m [1 p.11]. NAV per share excluding the revaluation reserve was BDT -12.08 at June 2025 (derived) [15]. Implied equity at 31-Mar-2026, NAV per share of BDT (18.23) times 87.153m shares, was BDT (1,588.8)m (derived) [6] [15].

The share closed at BDT 15.40 on 29-Oct-2026, for a market capitalisation of BDT 1,342.2m on 87,153,453 shares [14] [7] [15]. Over 30-Oct-2025 to 29-Oct-2026 the closing range was BDT 14.50 to BDT 21.00 [14]. The DSE company page prints a 52-week moving range of BDT 13.20-22.90 on its own intraday basis [7]. FY2025 EPS was BDT (5.82) and NAV per share at 31-Mar-2026 was BDT (18.23); a P/E and a P/B are not meaningful on these figures [1 p.12] [6].

Business model: a 1963 home-textile mill selling locally, with dyeing at 10.5% of installed capacity

History. The company was incorporated on 31.12.1963, nationalised in 1972, returned to its previous shareholders in 1977 and "taken over by the present sponsors on 8th August 1995 by share transfer" [2 p.10]. It raised Tk. 17.00 crore in an IPO of 1.70 crore shares at par on 30.09.2009 and paid bonus shares for 2009-2010 to 2014-2015; paid-up capital is Tk. 87.153 crore [2 p.10]. The factory stands at Monno Nagar, Pagar, Tongi, Gazipur on 11 acres with about 500,000 sft covered [2 p.10]. The annual report describes the company as "the pioneer and one of the successful venture in home textile sector of the country" with ISO 9001-2000 and Oeko-Tex Standard 100 certification [2 p.10].

What it sells. FY2025 revenue note 22.01 lists three rows: Towel, 233,524 pcs for BDT 20,978,712; Fabrics, 46,16,222 mtr for BDT 130,864,660; and Fabrics, 79,835 set for BDT 71,539,528 [1 p.31]. The note prints the label "Fabrics" on both the metre row and the set row. All FY2025 and FY2024 revenue is "Local sales, net off VAT" [1 p.31]. The chairman's statement for FY2024 says the company "participated the world's biggest home textile fair Heimtex at Frankfurt, Germany for more than twelve years" and names hotel and hospital buyers in the local market [2 p.13].

Inputs. Yarn is the main material: FY2025 yarn consumption was BDT 164.6m, dyes and chemicals BDT 25.7m, and spares and stores BDT 11.9m [1 p.31]. Note 41 prints the material purchases as "Purchase-Local" of BDT 170,244,341 and note 40 prints no imports of raw material [1 p.36]. The auditor states that "the entity made total raw material purchases in cash amounting to Tk. 170,244,341" [1 p.3]. Note 2.38 states: "All transactions have been made in cash as the bank operation has been freezed." [1 p.21]. The company paid an aggregate of more than Taka 5,300 per month to "all the 34 employees" [1 p.36].

Gas. On 27-Jan-2025 the company told the DSE: "The Titas Gas authorities disconnected the gas supply to the factory of the company on July 26, 2023. As a result, production in the dyeing and printing department was completely closed." It added that "the gas connection has not yet been restored" [6]. The FY2025 manufacturing overhead prints gas bill expenses of "-" for FY2025 and BDT 3,616,226 for FY2024, and a processing charge of BDT 14,096,800 for FY2025 and BDT 20,236,451 for FY2024 [1 p.32]. The FY2025 capacity note states: "The production capacity could not be fully utilized due to non-availability of adequate Gas supply, imbalance of machinery and also constrain of working capital." [1 p.35].

Ownership and group. The sponsor family is the Quader Chowdhury family. The chairman, Mr. Giasuddin Quader Chowdhury, lists a family business that "includes QC Shipping Ltd., QC Container Ltd., QC Petroleum Ltd., QC Trading Ltd., Eastern Maritime Ltd., The Dacca Yarn Dyeing Ltd., The Dacca Dyeing & Manufacturing Company Limited and Uniwave Broadcasting Company Limited" [2 p.14]. The FY2025 notes state "There is no other related party except as stated in above", listing the three directors' loans [1 p.37].

History: losses in 3 of 6 years and revenue down three years running to BDT 223.4m

Six years of audited statements show revenue rising from BDT 376.8m in FY2020 to BDT 630.2m in FY2022, then falling in each of the next three years to BDT 223.4m in FY2025 [4 p.47] [3 p.48] [1 p.12]. Revenue fell in 3 of the five year-on-year changes [15]. The company reported a loss in 3 of the 6 years, FY2023, FY2024 and FY2025 [15].

Gross margin was 50.0% in FY2020, 27.7% in FY2022, 10.0% in FY2024 and -108.2% in FY2025 [15]. Financial charges were BDT 153.3m in FY2020 and BDT 112.7m in each of FY2021-FY2025 (rounded) [15]. The company explained the FY2024 fall in profit in its DSE post of 12-Dec-2024 as "primarily due to a reduction in turnover caused by the disconnection of the gas line at the factory by the Titas Gas Transmission and Distribution Company Limited", adding that "management has decided to make provisions for doubtful debt on receivable, as well as for advances and prepayments" [6].

For the quarters of FY2025, the company told the DSE on 29-Jan-2025 and 4-May-2025 that profit fell "due to the Titas Gas and transmission company temporary disconnected the gas line, resulting that an extremely a drop in production". The same posts state that a large volume of stock had deteriorated in quality and was sold "at an average price, lower than standard price" [6].

Line items: lower prices per unit, a gas line printed at nil, and bank interest charged at a fixed 9%

Revenue. Each of the three product rows fell in value in FY2025. Towel revenue was BDT 21.0m (FY2024: BDT 31.8m), fabrics by the metre BDT 130.9m (FY2024: BDT 189.4m) and fabrics by the set BDT 71.5m (FY2024: BDT 103.0m) [1 p.31]. Quantities rose in all three rows, and the derived revenue per unit fell: BDT 90 per towel piece (FY2024: BDT 166), BDT 28.3 per metre (FY2024: BDT 44.7) and BDT 896 per set (FY2024: BDT 1,454) [15]. The company's DSE posts for the FY2025 quarters refer to deteriorated stock sold "at an average price, lower than standard price" [6].

Cost of revenue. FY2025 cost of revenue of BDT 465.1m had five parts: yarn BDT 164.6m, dyes and chemicals BDT 25.7m, spares and stores BDT 11.9m, manufacturing overhead BDT 129.4m, and an inventory adjustment of BDT 133.4m for changes in work-in-process and finished goods [1 p.31]. Inventories fell to BDT 49.8m at June 2025 from BDT 215.2m a year earlier [1 p.11]. The auditor states that "The inventory balance of Tk. 49,815,655 could not be verified due to the inability to conduct a physical count." [1 p.4].

Manufacturing overhead. Depreciation was BDT 85.4m of the FY2025 overhead of BDT 129.4m; repairs and maintenance rose to BDT 13.4m from BDT 0.8m, electricity to BDT 8.6m from BDT 4.4m, and generator fuel was BDT 3.0m [1 p.32]. The auditor reports that "According to the ledger, the amount is Tk. 8,496,585, while the accounts show Tk. 8,726,522" for the electricity bill [1 p.5]. Note 23.04 prints BDT 8,558,378 for factory electricity, note 25 BDT 139,336 for office electricity and note 26 BDT 28,808 for selling electricity [1 p.32]; the three notes add to BDT 8,726,522 (derived).

Financial charges. Bank interest was BDT 112,683,406 in both FY2025 and FY2024: working capital BDT 37,105,306, project loans BDT 74,780,555 and LTR BDT 797,544; the rows add to 112,683,405, total 112,683,406 as printed [1 p.33]. The note states: "Company charge interest @ 9% as per Mangement decision due to Bank frize the bank loan." [1 p.33]. Note 19 states that "From April 01, 2020 bank rate limited to 9%" [1 p.29]. The auditor's emphasis paragraph 8 reports that this bank interest "could not be independently verified" [1 p.5]. The cash-flow statement prints interest and bank charges paid of BDT 8,703 in FY2025 and no financing cash flows [1 p.14]; "Provision for bank liability" within payables rose from BDT 1,700.9m to BDT 1,813.6m [1 p.28].

Provisions. The provision for doubtful debts of receivable and advance and prepayments was BDT 121.2m in FY2024 and BDT 91.9m in FY2025 [1 p.12]. FY2025 added BDT 64,648,673 to the receivable provision, taking that provision to BDT 392,873,229 on gross receivables of BDT 557,492,949, and BDT 27,245,157 to the supplier-advance provision, taking that provision to BDT 182,994,754 [1 p.23] [1 p.24]. The same receivable note states "All debts are considered as good and recoverable." [1 p.23].

Tax. FY2025 tax was BDT 48.8m: current tax of BDT 1,276,096, built from minimum tax of BDT 804,178 on collections, tax on rent income of BDT 391,500 and a penalty of BDT 80,418 "for non-submission of Return u/s- 75 and 75A", plus deferred tax of BDT 47,544,762 [1 p.12] [1 p.33]. Deferred tax on the temporary difference of PPE was computed at 27.50% for FY2025 and 15% for FY2024 [1 p.27]. The auditor's basis paragraph 2 states that the tax provision was not increased for cash purchases [1 p.2].

Ratios: return on equity of -22.7% in FY2025 and receivables at 269 days

The ratio table uses the printed statements. Return on closing equity was 0.4% in FY2022 and -22.7% in FY2025 [15]. Revenue was 0.04 times total assets in FY2025 and 0.10 times in FY2022 [15]. Current assets were 0.13 times current liabilities at June 2025 [15].

Working capital. Receivable days were 312 at June 2020, 203 at June 2022 and 269 at June 2025 [15]. Inventory days were 269 at June 2024 and 39 at June 2025, after the FY2025 inventory adjustment of BDT 133.4m [15] [1 p.31].

Cash conversion. Collections were 1.01 times revenue in FY2025 and 0.96 times in FY2022 [15]. Operating cash flow less capital work-in-progress spending was between BDT (0.2)m and BDT 0.7m in each of the six years, and cash balances stayed between BDT 0.6m and BDT 1.4m [15].

Balance sheet and audit: BDT 1,252.0m of borrowings unchanged since 2014 and a qualified opinion with a going-concern paragraph

Borrowings. Current maturity of long term borrowings was BDT 830,895,052 and short term borrowings BDT 421,142,787 at each of the six June balance sheets FY2020-FY2025 [4 p.46] [3 p.47] [1 p.11]. The notes state: "The long term loan carry forward since 2014-15. All the loan accounts have been blocked by the bank. Hence we were unabale to collect bank statements." [1 p.28]. Litigation note 2.16.1 states: "Bank sues to money lending institution against the company and frize the loan since long." [1 p.19]. The DSE company page prints a short-term loan of BDT 1,252.04m and long-term loan of 0 at June 2025 [7].

Equity. Equity rose from BDT 729.0m at June 2020 to BDT 3,004.8m at June 2021, when the assets revaluation reserve rose from BDT 1,119.5m to BDT 3,329.4m [4 p.46]. Retained earnings were BDT (1,928.0)m at June 2025 [1 p.11]. The revaluation reserve was 147.0% of June 2025 equity (derived) [15]. The auditor's basis paragraph 5 states that "Except for land and land development, the last revaluation of properties occurred in March 31, 2021" [1 p.3].

Audit opinion. Rahman Mostafa Alam & Co., Chartered Accountants, signed by Md. Mustafizur Rahman FCA (Enr No.: 0218) on 14th December 2025, gave a qualified opinion on the FY2025 statements [1 p.10]. The statement pages print the firm as "Rahaman Mostafa Alam & Co." and the partner as "Md. Mustafizur Rahamn FCA" [1 p.11]. The opinion reads: "In our opinion, except for the effects of the matter described in the Basis for Qualified Opinion section of our report, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as at June 30, 2025 and its financial performance and its cash flows for the year then ended in accordance with International Financial Reporting Standards (IFRSs), the Companies Act-1994, the Securities and Exchange Rules-1987 and other applicable laws and regulations." [1 p.2]. The basis paragraphs, emphasis-of-matter paragraphs and key audit matters follow in full, word for word from the page images, with the auditor's punctuation and spelling.

Two printings of the PPE balance: the key audit matter prints a carrying value of Tk. 4,968,608,672 at 30 June 2025 [1 p.7], and the statement of financial position prints property, plant and equipment of BDT 5,236,273,147 [1 p.11]. The company's own going-concern note 2.36 reads: "The management has tested the going concern threats to the company and reliability estimates that there are no events that may cast significant doubt on the company's ability to run as a going concern." It adds that "the company has a plan and forecast to recover this loss in forthcoming years and there is no possibility to close of operation in foreseeable future" [1 p.21]. The auditor's paragraph 12 reports a material uncertainty on the same basis [1 p.6]. FY2024's opinion was also qualified with emphasis of matter, per the DSE post of 9-Jan-2025 [6].

Latest results: EPS of BDT (43.95) for nine months to March 2026 after a re-fixed interest bill

The quarterly statements for FY2025 and FY2026 are not in the corpus at 1-Nov-2026; the latest quarterly in the corpus is for the nine months to 31-Mar-2024. The figures below are the company's DSE announcements [6]. For the October-December 2025 quarter the company reported EPS of BDT (41.20) and NAV per share of BDT (16.99) at 31-Dec-2025 [6]. Its explanatory note states that the company "had previously recognized bank interest based on estimated interest rates. Following negotiations with the bank and pursuant to instructions from the Bangladesh Bank Policy Support Committee, the final amount of interest payable was determined to be higher than the amounts previously provided" [6]. It continues: "As the revised interest amount was not known with certainty at the time of preparation of earlier financial statements over the thirteen years period, the resulting shortfall represents a change in accounting estimate in accordance with IAS 8.32, rather than a prior-period error." and "Prior-period financial statements have not been restated." [6].

On these announced figures, the implied loss for July-December 2025 was BDT (3,722.3)m and for the December quarter alone BDT (3,590.7)m (derived) [15]. NOCFPS was BDT 0.06 for July 2025-March 2026, and the company reported quarterly EPS of BDT (1.24) for January-March 2026 [6]. The DSE post does not give the BDT amount of the additional interest or the bank; the FY2026 notes, when filed, are the source for both.

Peers: four textile companies on their own FY2025 company statements, unranked

The peer set is four DSE textile companies with published AnalystBro notes and June 2025 year ends, each on its own company statements. Alltex Industries states that it "is an export oriented industry of dyeing, finishing and printing of gray fabrics towards making of Home Textile products" [8 p.15]. Hwa Well Textiles states that it "is a 100% export-oriented, backward-linkage textile manufacturer specializing in a wide range of knitted fabrics" [9 p.24]. Simtex Industries states that its business "is to carry on a Dyeing and conning/Winding of sewing thread" [10 p.104]. Monno Fabrics states its corporate business as "To establish, set up, run and manage composite textile mills in Bangladesh" [11 p.61]. The table sets out each company's printed figures; it does not rank them.

Finance cost was 50.4% of revenue at Dacca Dyeing, 19.4% at Alltex, 0.3% at Hwa Well, 3.8% at Simtex and 21.4% at Monno Fabrics [15]. Dacca Dyeing and Alltex reported losses for FY2025; Hwa Well, Simtex and Monno Fabrics reported profits [15]. The opinion labels are from each peer's published AnalystBro note, checked with its filing.

Governance and dividends: a family board, a compliance annexure with no 'Not complied' marks, and no dividend since FY2022

The FY2025 report in the corpus contains the auditor's report and financial statements; the FY2025 directors' report, board list and corporate governance annexure are not in the corpus at 1-Nov-2026. The governance facts below come from the FY2024 annual report, read page by page from the images, and are labelled FY2024. The FY2025 statements were signed by Chairman Giasuddin Quader Chowdhury, Managing Director Sameer Quader Chowdhury and Company Secretary Abdullah Shibeli [1 p.11]; the FY2024 report spells the secretary's name Abdullah Shiblei [2 p.7].

Of the 6 directors, 2 attended all five FY2024 board meetings; the chairman's row prints "-" [2 p.23]. Mr. Saifuddin Quader Chowdhury, listed as "Sponsor", held 17,47,206 shares (2.00%) [2 p.30]. The FY2025 related-party note names Mr. Jamaluddin Quader Chowdhury as "Director" with a BDT 2,500,000 loan to the company [1 p.37]; he does not appear in the FY2024 board list [2 p.7]. Both printings are stated as they appear.

Remuneration. Note 35 prints managerial remuneration of BDT 1,858,116 to Mr. Sameer Quader Chowdhury, Managing Director, in FY2025 and FY2024, and board meeting fees of BDT 90,800 in FY2025 [1 p.35]. Note 2.33 prints his remuneration as 21,60,000 [1 p.21]. The FY2024 directors' report states that he "has been getting Tk. 180,000.00 per month" and that directors receive Tk. 5,000.00 per board and audit committee meeting [2 p.22].

Corporate governance annexure (FY2024). Shafiqul Alam & Co., Md. Humayan Kabir, ACMA, FCA, certified on 11th December 2024 that "The Company has complied with the conditions of the Corporate Governance Code" and that "The Governance of the Company is satisfactory." [2 p.31]. The annexure (AR2024 p.32-36) marks no condition in the Not complied column; it prints N/A for 1(5)(xx), 1(5)(xxi) and 5(5)(m), leaves 1(3)(d) and 1(5)(xxv)(b) blank, and ticks Complied for the other numbered conditions [2 p.32] [2 p.33] [2 p.35] [2 p.36]. The rows below set a ticked condition beside another printed statement, with pages.

Dividends. The DSE page lists cash dividends of 0.25% for 2022, 2% for 2021 and 1% for 2020, and stock dividends of 10% to 16% for 2010-2015 [7]. There was no dividend for FY2023, FY2024 and FY2025 [3 p.6] [6]. No dividend can be paid from the revaluation surplus under the BSEC notification cited in note 2.10 [1 p.17].

DSE news, 24 months. The archive query for DACCADYE (company news, criteria 3) returned 36 posts from 4-Dec-2024 to 30-Apr-2026 and none after 30-Apr-2026; a query from 1-Jan-2021 returned the same 36 posts [6]. The posts cover results, board-meeting notices, record dates, the gas update, the CRISL rating, a query response of 10-Feb-2025 and the two audit-opinion notices. None reports a board approval of capital expenditure, expansion, a share issue or a loan settlement [6].

What's next: FY2026 accounts with no board date notified, then Q1 and Q2 FY2027

Dated items after 31-Oct-2026. No board meeting on the FY2026 annual accounts had been notified on the DSE by 2-Nov-2026 [6]. Annual precedents in the corpus and DSE archive (FY2022 not available): FY2020 AGM-notice date 20-Jun-2021 [5 p.5]; FY2021 AGM-notice date 6-Jan-2022 and statement (auditor's report) date 23-Feb-2022 [4 p.5] [4 p.46]; FY2023 statement and AGM-notice date 26-Nov-2023 [3 p.6] [3 p.46]; FY2024 board date 11-Dec-2024 and FY2025 board date 7-Dec-2025 [6]. FY2020 (AGM notice 20-Jun-2021) and FY2021 (auditor's report 23-Feb-2022) fall outside the 3-year range and are excluded from it as outliers; the full range including them is also shown. The FY2022 annual report is not in the corpus. On these precedents, 2-Nov-2026 falls before the earliest precedent date in the calendar (26 November), and no date is notified. Q1 board precedents are 29-Dec-2024 and 7-Dec-2025, and Q2 board precedents 28-Jan-2025 and 29-Jan-2026 [6]; the older quarterly statements in the corpus print no signing date.

Items without a date in the filings or DSE posts: restoration of the factory gas connection [6]; settlement of the bank borrowings frozen since 2014-15 [1 p.28]; the BDT amount and lender of the re-fixed interest booked in the December 2025 quarter [6]; refund of the share application money of BDT 1,409,549 cited in emphasis paragraph 9 [1 p.5]. The 16-Jan-2026 AGM for FY2025 has passed; its outcome is not in the DSE posts [7] [6]. FY2025 export earnings were US$ 00, and the filings do not link the LDC date to any line item [1 p.36].

Risks: the interest re-fix, gas, recoveries and the auditor's unverified balances

Each risk row quotes the filing or company statement that links it to a line; where no filing links the risk to a line, the row reads "None disclosed".

For scale: bank borrowings of BDT 1,252.0m and unpaid interest of BDT 1,813.6m at June 2025 add to BDT 3,065.6m (derived) [1 p.11] [1 p.5]. Equity at June 2025 was BDT 2,240.3m [1 p.11]. Implied equity at 31-Mar-2026 was BDT (1,588.8)m (derived) [15].

Key questions: the interest amount, the FY2026 opinion and the gas line

The shareholder-return question in one line: the company paid no dividend for FY2023-FY2025, reported EPS of BDT (43.95) for nine months to March 2026 and printed NAV per share of BDT (18.23) at 31-Mar-2026 [6] [7].

FAQ

What does Dacca Dyeing do?

It runs one composite textile plant at Tongi, Gazipur with weaving, dyeing, finishing and printing, and sells towels and fabrics; FY2025 revenue was all local sales [1 p.15] [1 p.31].

When does Dacca Dyeing's financial year end?

On 30 June [1 p.21].

What was Dacca Dyeing's FY2025 EPS?

BDT (5.82); FY2024 was BDT (2.58) [1 p.12].

Was the FY2025 audit opinion qualified?

Yes. Rahman Mostafa Alam & Co. gave a qualified opinion with six basis paragraphs, eleven emphasis-of-matter paragraphs and a material uncertainty related to going concern [1 p.2] [1 p.6].

How much does Dacca Dyeing owe its banks?

BDT 1,252.0m of borrowings at 30-Jun-2025, plus BDT 1,813.6m of unpaid bank interest within payables [1 p.11] [1 p.5].

Why was NAV per share negative in 2026?

The company booked additional bank interest fixed after negotiations with the bank and Bangladesh Bank Policy Support Committee instructions in the December 2025 quarter; NAV per share was BDT (16.99) at 31-Dec-2025 and BDT (18.23) at 31-Mar-2026 [6].

Does Dacca Dyeing have gas?

Titas Gas disconnected the factory on 26-Jul-2023 and the company said on 27-Jan-2025 that it had not been restored [6].

Which DSE category is Dacca Dyeing in?

Z [7].

Sources

1. The Dacca Dyeing and Manufacturing Company Limited, independent auditor's report and financial statements for the year ended 30-Jun-2025 (FY2025), read from page images · link · accessed 2026-11-02
2. The Dacca Dyeing & Manufacturing Co. Ltd. Annual Report 2024 (year to 30-Jun-2024), incl. directors' report and corporate governance annexures, read from page images · link · accessed 2026-11-02
3. The Dacca Dyeing & Manufacturing Co. Ltd. Annual Report 2023 (year to 30-Jun-2023) · link · accessed 2026-11-02
4. The Dacca Dyeing & Manufacturing Co. Ltd. Annual Report 2021 (year to 30-Jun-2021) · link · accessed 2026-11-02
5. The Dacca Dyeing & Manufacturing Co. Ltd. Annual Report (year to 30-Jun-2020), notice of the 42nd AGM · link · accessed 2026-11-02
6. Dhaka Stock Exchange news archive for DACCADYE (company disclosures 4-Dec-2024 to 30-Apr-2026; no later posts to 2-Nov-2026), accessed 2-Nov-2026 · link · accessed 2026-11-02
7. Dhaka Stock Exchange, The Dacca Dyeing & Manufacturing Co. Ltd. company page (category, shareholding to 30-Sep-2026, dividend history, last AGM, loan status, 52-week range), accessed 2-Nov-2026 · link · accessed 2026-11-02
8. Alltex Industries Limited, auditor's report and financial statements for the year ended 30-Jun-2025 (company) · link · accessed 2026-11-02
9. Hwa Well Textiles (BD) PLC Annual Report 2024-2025 (year to 30-Jun-2025, company) · link · accessed 2026-11-02
10. Simtex Industries PLC Annual Report 2024-2025 (year to 30-Jun-2025, company) · link · accessed 2026-11-02
11. Monno Fabrics Limited Annual Report 2024-2025 (year to 30-Jun-2025, company) · link · accessed 2026-11-02
12. The Daily Star, 'Bangladesh gets 3 more years for LDC graduation' (30-Oct-2026) · link · accessed 2026-11-02
13. The Business Standard, 'Bangladesh gets 3 more years before LDC graduation' (30-Oct-2026) · link · accessed 2026-11-02
14. AnalystBro price data (TradingView feed): DSE:DACCADYE daily bars to 29-Oct-2026 · link · accessed 2026-11-02
15. AnalystBro model for this report (workbook tabs below) · link · accessed 2026-11-02