Nurani Dyeing & Sweater Ltd.
DDSE:NURANI2.70
BDT
0.00
(0.00%)
Nurani Dyeing & Sweater Ltd.
DSE:NURANI
(Dhaka Stock Exchange)
Recent
price
2.70
P/E
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Nurani Dyeing & Sweater Ltd. is a Bangladesh-based textile manufacturing enterprise primarily engaged in commercial yarn dyeing and the manufacturing of knitted apparel. Incorporated in 2005 and headquartered in Dhaka, Bangladesh, with its production complex situated in Fatehpur, Feni District, the company operates across integrated yarn processing and sweater knitting divisions. The company's core product and service offerings comprise: dyed acrylic, cotton, blended, and synthetic yarns distributed to domestic export-oriented knitwear manufacturers as deemed exports; finished knitwear garments including sweaters, pullovers, cardigans, waistcoats, turtlenecks, and vests for men, women, and children; and specialized textile services encompassing cone yarn dyeing, automated color matching, sample developing, washing, and garment finishing. Operating as a 100 percent export-oriented entity, the company historically supplies apparel buyers across Europe, North America, and Asia while sourcing raw yarns and chemicals from global suppliers in China, India, and Indonesia. In recent corporate developments, Nurani Dyeing & Sweater Ltd. has undergone severe structural and operational disruptions, leading to the prolonged cessation of production activities at its Feni manufacturing facility and the closure of its Dhaka corporate headquarters. Capital market regulators, including the Bangladesh Securities and Exchange Commission (BSEC) and the Dhaka Stock Exchange (DSE), have initiated extensive regulatory enforcement actions, inquiries, and legal proceedings against the company's sponsor-directors and related entities concerning fraudulent disclosures and the diversion of Initial Public Offering (IPO) funds. Concurrently, major secured lending institutions, notably Agrani Bank and AB Bank, have pursued legal debt recovery litigations and auction proceedings against the company's mortgaged industrial land, factory buildings, and manufacturing machinery to settle defaulted credit liabilities.