Ring Shine Textiles Limited announcements
102 Dhaka Stock Exchange announcements for Ring Shine Textiles Limited (RINGSHINE) since 2021: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2025 (13).
- Credit Rating Result
WASO Credit Rating Company (BD) Ltd. has assigned entity rating of the Company as "BB" for long term and "ST 4" for short term along with Stable outlook based on unaudited financial statements of FY 2025 (30.06.2025) and other relevant qualitative and quantitative information.
- Clarification on recent news published in newspaper
In response to a DSE query letter to the company regarding a news published in a newspaper titled "Ring Shine Textiles faces auction of factory, plots over unpaid dues" on December 01, 2025, the company has informed DSE, among others, the following: "?1. The content of the news published by the online news portal "https://www.tbsnews.net" titled "Ring Shine Textiles faces auction of factory, plots over unpaid dues" on December 01, 2025, is factual, correct, and consistent (cont.1) (Cont. News of RINGSHINE): 4. Furthermore, the company has not disclosed, released, or disseminated any information to any stakeholder, media entity, or third party concerning the issue reported?" (end) (Cont. News of RINGSHINE): All such communications were made in good faith and in strict compliance with regulatory requirements. 3. For clarity and avoidance of any misconception, the management affirms that no meeting, discussion, or communication has taken place between the company and any journalist or representative of the aforesaid newspaper, nor with any other media or press forum regarding this matter. (cont.3) (Cont. News of RINGSHINE): with the information previously placed on the official record. The matters highlighted therein accurately reflect the situation relating to the company. 2. With respect to the issue concerning Plot Nos. 231-236, located within the Dhaka EPZ, the management of Ring Shine Textiles Limited has duly notified all relevant regulatory authorities-including BSEC, CSE, and DSE-several times in writing over the past year. (cont.2)
- Regarding Loan Rescheduling Facility for the company
The company has informed that the Board of Directors in its meeting held on November 17, 2025 accepts and approves the Loan Rescheduling Facility sanctioned by Bangladesh Bank. To view the details, please visit the following link: https://www.dsebd.org/Annexure/2025/PSI%20for%20Loan%20Rescheduling_2025.pdf
- Appointment of Chairman
The company has informed that Mr. Sung Chung Yao has been appointed as the Chairman of the Board of the company.
- Clarification on recent news published in newspaper
In response to a DSE query letter to the company regarding a news published in a newspaper titled "Due to failure to clear outstanding dues, Ring Shine Textiles now faces eviction (translated from Bengali to English)", the company has informed the following: "...(1) No one from the management side, including the Managing Director, the Company Secretary, the Chief Financial Officer, or any designated concern desk official of the company, (cont.1) (Cont. news of RINGSHINE): crucial role in the overall operation of the ETP. It collects and homogenizes wastewater, ensuring a consistent flow and load for the subsequent treatment processes. The Equalization Tank is one of the most vital components of the ETP, as it helps maintain efficiency, stability, and effectiveness in the treatment of industrial effluents. That indicates ceasing the aforesaid plots will certainly bring a great impact on the entire production process." (end) (Cont. news of RINGSHINE): the approach that is going to take by the office of the BEPZA by terminating the plots no. 231-236 located in the Dhaka EPZ (plots no. 224-260) will be brought a financial impact likely the company would surely loss the added margin in Recycled Products =10 tons/ days*26 days*12 months @ USD1.10/kg. That's approximately USD 3.4 million annually; (4) The Equalization Tanks of the Effluent Treatment Plant (ETP) are located across Plot Nos. 231 to 236. This tank plays a (cont.3) (Cont. news of RINGSHINE): has talked/ connected, or met with any representative from the namely website/daily: https://sharenews24.com. (2) In addition to the above, the news and events that have been published in many daily newspapers by extracted from the real scenario narrated in the press release announced by the Bangladesh Securities and Exchange Commission vide the Reference No. BSEC/Spokesperson/02/2024/140, dated: 14 July 2025 is significantly correct and true; (3) Apart from the above, (cont.2)
- Regarding releasing of IPO fund amounting to USD 1.00 Million
Refer to their earlier news disseminated by DSE on 19.12.2024 regarding IPO fund utilization, Bangladesh Securities and Exchange Commission has informed that it has rejected the application for releasing of IPO fund amounting to USD 1.00 Million of the company.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. (0.92) for January-March 2025 as against Tk. (0.97) for January-March 2024; EPS was Tk. (2.42) for July 2024-March 2025 as against Tk. (2.39) for July 2023-March 2024. NOCFPS was Tk. (1.55) for July 2024-March 2025 as against Tk. (1.37) for July 2023-March 2024. NAV per share was Tk. (10.42) as on March 31, 2025 and Tk. (8.03) as on June 30, 2024.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on April 28, 2025 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2025.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. (0.71) for October-December 2024 as against Tk. (0.55) for October-December 2023; EPS was Tk. (1.50) for July-December 2024 as against Tk. (1.41) for July-December 2023. NOCFPS was Tk. (0.90) for July-December 2024 as against Tk. (0.36) for July-December 2023. NAV per share was Tk. (9.50) as on December 31, 2024 and Tk. (8.03) as on June 30, 2024.
- Clarification on recent news published in newspaper
In response to a DSE query letter to the company regarding a news published in a newspaper titled "Due 154 crores, BEPZA canceled the lease of 5 plots of Ring Shine (translated from Bengali to English)" on February 24, 2025, the company has informed the following: "...we would like to affirm that the news published in both the newspaper and the online news portal is correct, as the Bangladesh Export Processing Zone Authority (BEPZA) served a letter vide (cont.1) (Cont. news of RINGSHINE): if the approach that has been already taken by BEPZA will continue, then the company would loss the added margin in Recycled Products =10 tons/day x 26 days x 12 months @ $1.10/kg, 1 year approx. $3.4 million...With this letter, the management also affirms the shareholders by you not to become panic and unrest in the capital market as the management is trying at level best to erase the matter." (end) (Cont. news of RINGSHINE): taken a course of action with utmost importance to diminish this unexpected issue. It is very pertinent to mention here that to adjust and redeem the long outstanding dues with BEPZA, the Respected Shareholders of the company in its 27th AGM have already accorded and approved USD 1.00 million from the unutilized IPO Funds, which is still under consideration by the Bangladesh Securities and Exchange Commission. Apart from the above, (cont.3) (Cont. news of RINGSHINE): the reference no. 03.06.2616.317.14.034.24-285, dated: Feb 20, 2025, by terminating the land lease agreement for plots no. 231-236 due to non-payment of long outstanding dues with BEPZA even though of our series of application and request not to take this unkind and ferocious steps against the industrial revolution and mass people employment. However, following the letter and the instructions thereon from BEPZA, the management of the company has already (cont.2)
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on February 27, 2025 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2024.
- Postponement of Board Meeting schedule under LR 16(1)
Refer to their earlier news disseminated on 26.01.2025 regarding board meeting schedule under LR 16(1), the company has further informed that the Board of Directors, in its meeting, has decided to defer the approval of the Un-Audited Financial Statements (Q2) 2024-2025. This decision was made as the draft financial statements have not yet been received and finalized. The rescheduled date and time will be reported in due course.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on January 29, 2025 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2024.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.