Kattali Textile Ltd.

Kattali Textile Ltd.

DDSE:KTL
13.70
BDT
+0.60
(+4.58%)
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

CEO
Mohammad Emdadul Chowdhury
Sector
Consumer non-durables
Industry
Apparel/Footwear
Address
Chittagong Bangladesh
IPO Date
Nov 14, 2018
Website
ktlbd.com
Business
Kattali Textile Limited is a Bangladesh-based export-oriented readymade garments manufacturing company that produces and exports knitwear, denim, and woven apparel. Founded in 2002 and headquartered in Chittagong, Bangladesh, the company operates production facilities situated in the North Kattali Industrial Area. Kattali Textile Limited specializes in apparel manufacturing across several core categories, offering a product and service portfolio that includes denim products such as men's, women's, and children's jeans, denim jackets, and denim shirts; knitwear garments comprising sweaters, cardigans, basic and graphic t-shirts, polo shirts, and knit tops; woven apparel including formal and casual trousers, chinos, ladies' dresses, blouses, and woven button-up shirts; and specialty apparel such as outerwear jackets, children's coordinated sets, and swimwear. The company provides end-to-end manufacturing and export services, including garment cutting, stitching, specialized garment washing, embroidery, finishing, packaging, and international export logistics. Kattali Textile Limited primarily targets global fashion brands, apparel retailers, and importers located in North America and Europe, with key export markets across the United States, the European Union, and Canada. In recent developments, the company has undergone operational and regulatory restructuring under the scrutiny of the Bangladesh Securities and Exchange Commission concerning the deployment of initial public offering capital earmarked for machinery acquisition and production expansion. Regulatory authorities instituted oversight probes into capital allocation, referred fund utilization findings to the Anti-Corruption Commission, levied compliance penalties on governing directors, and subsequently reclassified the company to the 'Z' trading category on the Dhaka Stock Exchange following administrative and reporting delays.