Envoy Textiles has commenced full-scale commercial operations at its state-of-the-art Waste Fabric Recycling Plant, processing 12 metric tons of waste fabrics per day at its existing factory.
The plant processes both locally sourced and in-house generated pre-industrial and post-consumer waste fabrics, including garment cuttings and denim. These are converted into high-quality recycled fiber, certified under the Global Recycled Standard and Recycled Claim Standard.
The recycled fiber is then reintegrated into the yarn production cycle, forming a closed-loop system, according to a company disclosure on the Dhaka Stock Exchange on Sunday.
The company disclosed on September 8, 2024, that the total project cost was Tk23.7 crore, funded through 70% debt and 30% equity.
The initiative is central to their commitment to sustainable and circular manufacturing, said Envoy.
The board believes it will significantly contribute to long-term value creation by strengthening its competitive advantage in the global sustainable textiles market.
For the year ending June 30, 2025, Envoy Textiles reported earnings per share of Tk 8.40, up from Tk 3.58 the previous year.
The net asset value per share increased to Tk 58.32 from Tk 51.93, and the net operating cash flow per share rose to Tk 4.77 from Tk 3.68 in the previous year.
In light of the positive results, the Board of Directors has recommended a 30% cash dividend for the year.
The Annual General Meeting is scheduled for December 6, 2025, at 11:00 AM at the Gulshan Shooting Club in Dhaka.
The record date for the dividend is October 26, 2025, and investors holding shares on that date will be entitled to the AGM and dividends.
Despite these positive announcements, Envoy Textiles’ shares dropped by 1.22%, closing at Tk 56.8 on the Dhaka Stock Exchange on Sunday.
