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 2026 (3).
- Regarding Board Decision on Factory's Partial Layoff
The company has informed that the Board of Directors of the company at its Board Meeting convened on 14 October 2026, has duly passed a resolution to temporarily lay off the plant and factory operations of the Fabric and Hang Dyeing Division for an initial, definitive period of 15 (fifteen) days as per the EPZ Labour Law 2019, supported by the subsequent Bangladesh EPZ Labour Rules 2022, effective from 17 October 2026 onward. (cont.1) (Cont. News of RINGSHINE): Should any extension of the layoff period be necessitated, or should any material developments concerning the plant's operational status arise, we solemnly undertake to apprise the regulatory authorities forthwith and without delay. (end) (Cont. News of RINGSHINE): This decision is necessary due to severe, intractable, and sustained maintenance issues, product quality concerns, and the need to increase the development of production capacity. On top of that, the management is actively monitoring the situation with due diligence. (cont.2)
- Board decision to adjust the liability with Eastern Bank PLC
The company has informed that the Board of Directors in its meeting held on 20 April 2026 has deliberated and decided with a proposal to adjust the Company's liability with Eastern Bank PLC by availing a loan of BDT 9.50 Crore (Nine Crore Fifty Lakh Taka only) from Lark Textiles Limited, a Public Shareholding Company and related party under the below terms and condition subject to receiving the approval of its General Shareholders at an Extraordinary General Meeting (EGM) (cont.1) (Cont. News of RINGSHINE): equivalent to approximately 10% of the total loan exposure; (ii) The Company has utilized the said funds of the amount USD 0.78 million as a down payment for the rescheduling of its classified bank loan with Eastern Bank PLC; (iii) If ultimately approved, the 0% interest rate would result in significant interest cost savings compared to the prevailing high banking interest rate, potentially improving earnings per share (EPS). (end) (Cont. News of RINGSHINE): or Annual General Meeting (AGM) to be convened as earliest.Key Transaction Terms (Proposed) : Lender: Lark Textiles Limited (Related Party), Loan Amount: BDT 9.50 Crore, Interest Rate: 0% per annum, Tenure Repayment: 10 years (with 10 equal annual installments with effect from January 1, 2027), Purpose of the loan: Repayment of the existing Eastern Bank PLC loan. Financial Impact (Management Estimate): (i) The Company has benefited from the waiver of USD 0.33 million, (cont.2)
- Clarification on the news published in the online newspaper
In response to a DSE query dated March 02, 2026 regarding news published in the online newspaper titled "Ring Shine faces eviction from Dhaka EPZ over BDT 240 crore outstanding dues" (translated from Bengali to English), the company has submitted the clarification vide its letter dated March 08, 2026, which was received by DSE on March 10, 2026. To view the letter, please visit the following link: https://www.dsebd.org/Annexure/RingShineTextilesLtd_2026.pdf
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.