With a spotlight on Eid festivities this year, the modest fashion label Tahoor unveils its Eid collection in a series of four releases spanning the month of Ramadan.
Marking a significant initiative, the brand has simultaneously launched the same collection for both the Bangladesh and Dubai markets for the first time.
Already drawing attention from domestic and international buyers, Tahoor’s Eid collection has garnered praise both locally and abroad.
Hanium Maria Chowdhury, the CEO of Tahoor, remarked, “Over the past eleven years, Tahoor has earned recognition and accolades domestically and internationally. Reflecting this, our focus for this Eid collection has been on comfort, versatility, and sophistication.”
Special care has been taken in crafting this year’s collection for both the Bangladesh and Dubai markets, ensuring meticulous attention to detail. Premium quality fabrics such as cherry, moonlight, saffron, mida, metallic angel, zoom, linen, silk, georgette, jelly, and crepe silk, among others, have been utilized. Additionally, the photo shoot has been executed with meticulous attention to highlight the collection’s essence.
Tahoor’s 2024 Eid collection is resonating with both local and international customers this season. The brand has strategically unveiled its rich collections in four phases throughout Ramadan, offering elegance to both local and UAE markets simultaneously.
Workers of a garment factory in Dhaka’s Dhamrai have staged a demonstration after they found the factory closed for a day without any prior notice, just before the scheduled date for Eid allowance payments.
There are more than two thousand workers in the factory, according to protesters.
Hundreds of workers of Odyssey Craft (Pvt) Ltd, a garment factory located in the Sombhag area of Dhamrai started the demonstration today (3 April) morning, Mahmud Naser Jony, additional superintendent of police (ASP) of Ashulia Industrial Police-1, told The Business Standard.
“The factory owners’ sudden decision to close the factory for a day left the workers furious upon arriving at work,” said ASP Mahmud.
“In the morning, when the workers gathered in front of the factory, they were removed. But, at around 11:00am the workers forcibly entered the factory. Later, the police charged batons and used teargas to disperse them,” he added.
Additional police have been deployed to maintain security in the area.
The factory authorities had promised that the Eid allowance and salary will be paid on 4 and 8 April, respectively, he said, citing workers.
“We are talking to the owners to resolve the issue.”
Despite multiple attempts to reach out the factory authorities, none could be contacted.
Tile workers protest in Savar
Later in the day, around fifty workers from a tile manufacturing company protested in Dhaka’s Savar, demanding their due salaries and Eid bonuses for March.
The workers of Madhumati Tiles Ltd located in Savar’s Ulail staged the demonstration in the afternoon. Later, the police talked to the workers and removed them from the factory,
The workers claim that they did not receive last year’s Eid bonus, and they are also awaiting this year’s bonus. Additionally, they have not been paid their salaries for March.
Selim, general manager (accounts and finance) of Madhumati Tiles Ltd, told The Business Standard, “Some workers caused a disturbance without prior discussion. After providing explanations, they were disperse peacefully.
“Discussions are ongoing with the owners regarding the payment of salaries and bonuses, scheduled for the 8 March. The workers will receive their dues before the factory closes on the 9 March,” he added.
Workers at the Abul Kalam Jamdani Weaving Factory in Rupganj, Narayanganj, are diligently engaged in weaving sarees.
Photo: Syed Zakir Hossain
With 14 weaving machines and a team of 28 skilled workers, the factory is operating at full capacity to meet the increasing demand for its products ahead of Eid-ul-Fitr.
Photo: Syed Zakir Hossain
Factory owner Mohammad Anwar Islam expresses optimism, anticipating robust Eid sales like previous years.
Solar panel on blue sky background. Green grass and cloudy sky. Alternative energy concept
The Apparel Digest Report
Leadership in Energy and Environmental Design (LEED) is a green building certification program created by the U.S. Green Building Council. It is highly valued in the construction industry as a foundation for promoting sustainable building practices. Buildings pursuing LEED certification gain points for a variety of environmental features, including energy efficiency, water conservation, and indoor air quality. This certification is a badge of honor, signifying a commitment to environmental stewardship and resource efficiency. Energy efficiency is a fundamental idea in sustainable building, focused on minimizing energy usage while maintaining comfort and functioning. To reduce waste, use energy-efficient appliances, lighting, HVAC systems, and insulation. The value of energy efficiency in sustainable building techniques cannot be emphasized. Buildings make significant contributions to energy consumption and carbon emissions. Optimizing energy use can reduce greenhouse gas emissions, save operating costs, and provide a healthier interior environment.
LEED certification provides a comprehensive framework that promotes energy-efficient building design and operation. One of its key goals is to reduce environmental impact, with an emphasis on energy efficiency. To get LEED certification, buildings must meet a number of standards and gain points in a variety of categories, including energy and atmosphere. Within the energy category, standards prioritize techniques for improving energy performance, such as efficient HVAC systems, lighting, and insulation. Utilizing renewable energy sources, such as wind turbines or solar panels, which lessen dependency on conventional fossil fuels, is one way that LEED points are awarded. Buildings can also gain points for improving their energy efficiency through energy modeling and analysis. These standards not only promote the deployment of efficient technologies, but also a comprehensive approach to energy management within buildings. Several LEED-certified buildings demonstrate the successful incorporation of energy-efficient measures. The Bullitt Center in Seattle is a LEED Platinum building with unique features like a rooftop solar panel array, rainwater harvesting systems, and energy-efficient lighting. This building exemplifies how LEED certification encourages the use of cutting-edge energy-efficient technologies and practices.
Integrating LEED and energy efficiency provides numerous benefits in terms of the environment, economy, and society. One of the most evident benefits of LEED-certified green buildings is that they dramatically reduce greenhouse gas emissions. This drop occurs when energy-saving strategies are combined with environmentally friendly building practices. To reduce energy consumption and the building’s carbon footprint, LEED encourages the use of better insulating materials, renewable energy sources, and efficient HVAC systems. Furthermore, using sustainable materials and procedures helps to reduce emissions significantly. LEED projects that use recycled and locally sourced construction materials reduce the amount of energy required for manufacturing and shipping. Using low-emission materials, paints, and adhesives improves indoor air quality and reduces hazardous off-gassing. Water shortage is a global issue, and LEED certification seeks to address it by encouraging water-efficient fixtures and landscaping. LEED buildings use technologies such as low-flow faucets, dual-flush toilets, and efficient irrigation systems to reduce water use while maintaining functioning.
Some LEED projects also include rainwater collection and greywater recycling systems, which reduces demand for municipal water supply and lowers utility expenditures. Green spaces are critical for supporting local ecosystems, as green roofs and walls absorb rainfall, reduce heat island effects, and provide home for birds and insects. Native plant landscaping is another feature of green building projects that conserves water, benefits local animals, and reduces pesticide and fertilizer use. These eco-friendly elements help to create a more sustainable future, making LEED-certified green buildings shining examples of environmental responsibility. Energy-efficient buildings have lower utility expenses over time. While the initial cost of energy-efficient devices may be higher, the long-term savings in operational expenses are significant. Furthermore, these buildings frequently command higher property prices and lease rates because to their lower running costs and appealing sustainability characteristics. Socially, tenants of energy-efficient buildings benefit from increased indoor air quality, thermal comfort, and overall well-being. Proper ventilation systems, non-toxic materials, and effective lighting all help to create healthier interior environments. According to research, residents of green buildings report higher levels of happiness, productivity, and fewer sick days, highlighting the social benefits of energy efficiency.
The combination of energy efficiency with LEED has many advantages, but it also has drawbacks. One significant problem is the greater upfront expenses of deploying energy-efficient systems. While these expenditures pay off in the long run, they might be prohibitively expensive, particularly for developers or organizations with small budgets. In addition, the usefulness of LEED certification in encouraging maximum energy efficiency has been questioned. Critics contend that the certification process does not always result in high-performance buildings, since some may prioritize gaining points over attaining genuine energy efficiency. This emphasizes the requirement for continued monitoring and verification of building performance following certification. Furthermore, the present LEED certification requirements may fail to adequately incorporate emerging technology or evolving best practices in energy efficiency. As the industry evolves, certification requirements must be updated and refined to reflect the most recent advances. Stakeholders have numerous options for addressing these difficulties. Incentives such as tax credits or subsidies for energy-efficient improvements might help to cover the initial expenses. Enhanced knowledge and training in energy-efficient design principles can also help architects and builders make educated judgments. Furthermore, continual refinement of LEED standards through industry engagement and feedback systems is critical to ensuring their relevance and efficacy.
Ultimately, LEED certification plays an important role in promoting energy efficiency in sustainable building techniques. LEED has fueled innovation and increased the standard for environmental responsibility in building by incentivizing the use of energy-efficient technologies and design concepts. The advantages of combining LEED and energy efficiency are numerous, encompassing the environmental, economic, and social spheres. The impact of decreasing greenhouse gas emissions and boosting tenant well-being is far-reaching. Nonetheless, obstacles like up-front expenses and the requirement for ongoing growth still exist. To address these issues, a multimodal approach is required, which includes financial incentives, education, and continual certification standard revision. As we look to the future, we must prioritize energy efficiency in sustainable construction practices, acknowledging its critical role in producing healthier, more resilient built environments. The integration of LEED and energy efficiency can be advanced further by ongoing research and development, as well as collaborative efforts by industry players, resulting in even more impactful and sustainable buildings. As we work toward a greener future, the lessons learnt from LEED’s impact on energy efficiency will continue to affect our approach to sustainable building and construction.
Faizah Mehmood, the Deputy Managing Director of Anwar Group of Industries, stands as a leading force in driving dynamic leadership within Bangladesh’s textile manufacturing sector. She completed her Bachelor of Commerce (BCom) from Rotman Commerce at the University of Toronto and her Master of Science (MS) from Johns Hopkins University.
Beyond her professional pursuits, Faizah is a passionate advocate for women’s empowerment and computer literacy.
Faizah Mehmood, Deputy Managing Director, Anwar Group of Industries
Through her active engagement in various initiatives, she strives to break barriers, inspire transformative change, and bridge inequality gaps.
Recently, Textile Focus had a conversation with her regarding the Bangladesh textile industry – its prospects and challenges. She shares her thoughts, achievements, and future plans.
Textile Focus: How do you see the current scenario of the Bangladesh Textile Sector?
Faizah Mehmood: The current scenario in the Bangladesh Textile Sector is undoubtedly challenging. We are confronted with a multitude of external disruptions simultaneously, presenting a significant hurdle to overcome. The foremost challenges facing the textile sector include electricity and gas shortages, price fluctuations, currency
crises, supply chain disruptions, and geopolitical tensions. These factors collectively exert immense pressure on manufacturers, making it increasingly difficult for factories to maintain competitiveness in the global market.
Despite these obstacles, the textile and RMG sector remains a crucial pillar of the Bangladeshi economy, contributing substantially to employment generation, foreign earnings, and overall GDP growth. Bangladesh’s RMG exports recently
achieved a noteworthy milestone, surpassing $47 billion with a growth rate of 10.27% year-on-year, amidst global trade contractions. Given the gravity of the situation, the industry must collaborate closely with all stakeholders, including policymakers and government bodies. Only through concerted efforts and strategic initiatives can we navigate through these turbulent times in the hopes of future resilience and prosperity of the Bangladesh Textile Sector.
Textile Focus: Could you please share with us the current status of Anwar Textile and what sets it apart from others?
Faizah Mehmood: From modest origins, starting with 36 loom machines in 1968, our textile unit has since expanded into the entire textile vertical. Our operations now encompass spinning, yarn dyeing, sewing thread production, sweater yarn manufacturing, weaving, fabric dyeing, multiple printing divisions, and a home textiles division. Over the years, we have pursued a path of vertical integration within our production process, continually expanding our facilities and diversifying our product range in response to evolving market demands.
One of our most significant strengths lies in the wealth of knowledge we have accumulated through practical experience. This expertise has enabled us to excel in research and development, honed through years of experimentation and innovation. Our commitment to continuous improvement is evident in our robust R&D processes, enabling us to consistently deliver quality and innovation within the textile industry.
Textile Focus: As a newly appointed DMD of Anwar Group and our industry now takes the lead by the young- er generation, how do you evaluate this?
Faizah Mehmood: The influx of young leaders into our industry is an inevitable and positive phenomenon. With each new generation comes fresh perspectives, allowing us to assess business situations with a fresh set of eyes and propose innovative ideas to enhance and develop the sector. I’ve observed several ways in which our generation brings a positive impact.
Firstly, there’s a strong emphasis on the adoption of technology. As the world rapidly evolves, embracing technological advancements becomes essential for improving efficiency. As young leaders, we are keenly aware of this shift and are eager to leverage technology to drive progress within our organisations. In fact, my first project has been on the implementation of SAP in the organization, aiming to transition from an intuition-based operation to a data-centric organisation. This initiative underscores our commitment to embracing digital transformation and enhancing operational efficiency.
Secondly, there’s a notable shift in our approach towards cooperation. We recognize the importance of collaboration, even with competitors, for the collective benefit of the industry. This cooperative mindset fosters a more dynamic and inclusive environment, driving growth and innovation.
In my role as the newly appointed Deputy Managing Director, I see myself playing a pivotal role beyond my operational responsibilities – leading the transformation of our company. The textile division specifically holds significant historical importance within Anwar Group. My focus is on ensuring the sustainability of our organization while preserving the traditional values that define us as Anwar
Group. This entails an emphasis on policy development and corporate structuring, aligning our operations with contemporary best practices while honouring our legacy.
Textile Focus: What is your future plan?
Faizah Mehmood: Our future plan revolves around strategic business development and penetrating untapped markets. Currently, Bangladesh’s textile and RMG sector faces intense competition and price pressure due to concentration in a few products. To mitigate this, we aim to diversify our market reach and product offerings. Consumer mindsets have evolved significantly since the inception of the garment industry in Bangladesh. Today, consumers expect more from brands, driving the need for continuous technological upgrades and skills development in design and marketing.
Our reliance on a few key markets such as the US and Europe poses risks. To mitigate these risks and tap into new opportunities, we plan to explore untapped markets globally. This entails comprehensive marketing strategies tailored to each market’s unique demands and preferences.
Anwar Group of Industries organized Mill Week to uplift the country’s textile sector into the global market. Faizah Mehmood, Deputy Managing Director of Anwar Group of Industries is in the exhibition.
In essence, our future endeavours are focused on fostering innovation, diversifying our market presence, and meeting the evolving needs of consumers worldwide through strategic expansion and continuous improvement initiatives. However, overcoming present challenges remains our utmost task.
Anwar Textile recently organized “Anwar Textile Mill Week” in which innovative products across the vertical were showcased. Faizah Mehmood, Deputy Managing Director of Anwar Group of Industries is in the exhibition.
Many end-users now expect recycled materials to be in textile products they purchase – and this is definitely driving innovation throughout the industry. However, there are still many technical and economic issues facing yarn and fabric producers using recycled resources. Members of the Swiss Textile Machinery Association offer some effective solutions to these challenges.
Synthetic recycled materials such as PET can usually be treated similarly to new yarn, but there are additional complexities where natural fibres like wool and cotton are involved. Today, there’s a trend towards mechanically recycled wool and cotton fibres. Thanks to companies like Rieter, Autefa, Steiger and Uster Technologies, such materials can now be processed. Machinery and services from these firms support further processing of recycled fibres to meet required quality standards. Swiss Textile Machinery member Stäubli also demonstrates what it means to fully embrace circularity concepts.
Spinning recycled cotton
The use of mechanically recycled fibres in spinning brings specific quality considerations: they have higher levels of short fibres and neps – and may often be colored, particularly if post-consumer material is used. It’s also true that recycled yarns have limitations in terms of fineness. The Uster Statistics 2023 edition features an extended range of fibre data, supporting sustainability goals, including benchmarks for blends of virgin and recycled cotton.
In general, short fibres such as those in recycled material can easily be handled by rotor spinning machines. For ring spinning, the shorter the fibres, the more difficult it is to guide them through the drafting zone to integrate them into the yarn body. Still, for wider yarn counts and higher yarn quality, the focus is now shifting to ring spinning. The presence of short fibres is a challenge, but Rieter offers solutions to address this issue.
Knitting recycled wool
For recycling, wool fibres undergo mechanical procedures such as shredding, cutting, and re-spinning, influencing the quality and characteristics of the resulting yarn. These operations remove the natural scales and variations in fibre length of the wool, causing a decrease in the overall strength and durability of the recycled yarn. This makes the yarn more prone to breakage, especially under the tension exerted during knitting.
Adapting to process recycled materials often requires adjustments to existing machinery. Knitting machines must be equipped with positive yarn suppliers to control fibre tension. Steiger engages in continuous testing of new yarns on the market, to check their suitability for processing on knitting machines. For satisfactory quality, the challenges intensify, with natural yarns requiring careful consideration and adaptation in the knitting processes.
From fibres to nonwovens
Nonwovens technology was born partly from the idea of recycling to reduce manufacturing costs and to process textile waste and previously unusable materials into fabric structures. Nonwovens production lines, where fibre webs are bonded mechanically, thermally or chemically, can easily process almost all mechanically and chemically recycled fibres.
Autefa Solutions offers nonwovens lines from a single source, enabling products such as liners, wipes, wadding and insulation to be produced in a true closed loop. Fibres are often used up to four times for one product.
Recycling: total strategy
Great services, technology and machines from members of Swiss Textile Machinery support the efforts of the circular economy to process recycled fibres. The machines incorporate the know-how of several decades, with the innovative power and quality standards in production and materials.
Stäubli’s global ESG (environmental, social & governance) strategy defines KPIs in the context of energy consumption, machine longevity and the recycling capacity in production units worldwide, as well in terms of machinery recyclability. The machine recyclability of automatic drawing in machines, weaving systems and jacquard machines ranges from 96 to 99%.
The workers of the readymade garment factory Keya Knit Composite Ltd in Gazipur have demonstrated for payment of their one month’s due salaries, Eid-ul-Fitr allowance and annual earned leave.
The agitated workers blocked the Konabari-Kashimpur road in Jarun area of Gazipur’s Konabari around 6am, causing suffering for commuters.
Later, police members were deployed there to bring the situation under control.
Local sources said around 8,000 workers are employed in the factory. They are yet to get their salary for February and allowance for Eid-ul-Fitr.
“Eid is already around the corner. Our salaries and Eid bonus have not been paid yet. It remains uncertain if we will be able to celebrate Eid with our families,” Mohibur Rahman, a worker of the factory, told The Business Standard.
He expressed doubts over the payment before the Eid vacation.
Dipak Chandra Majumder, additional superintendent of Gazipur Industrial Zone Police-2, said the workers have been agitating since morning for their dues. Factory owners have not responded to the issue yet.
The situation in the area has been taken under control, he added.
Konabari police station Officer-in-Charge KM Ashraf Uddin said to solve the issue, discussions were going on between the protesting workers and factory owners.
However, Administrative Officer of the factory Md Sumon Mia could not be reached over the phone despite several attempts.
During a meeting with Home Affairs Minister Asaduzzaman Khan on Monday, garment factory owners assured that there would be no major unrest before Eid-ul-Fitr.
However, according to a list prepared by the Industrial Police, over 200 factories are facing problems with paying salaries and bonuses.
The minister urged garment owners to pay the salaries and allowances of the workers on time before Eid. He also requested them to make preparations in advance to ensure that the workers could go home for the holidays without any hassle.
The garment owners sought some assistance from the government, including transportation. They also stressed the need for the quick release of the pending cash incentive of around Tk4,000 crore for the sector.
Bangladesh Garment Manufacturers and Exporters Association President SM Mannan Kochi and Bangladesh Knitwear Manufacturers and Exporters Association President Salim Osman among other officials of both organisations attended the meeting.
After the meeting, SM Mannan Kochi told The Business Standard that they had discussed the issue of ensuring timely payment of salaries to the workers.
“We are gradually reducing the number of factories facing problems, as reported by various organisations. We hope that there will be no major unrest before Eid,” he said.
“Many factories are facing problems due to the financial crisis, but we are closely monitoring the situation. We hope that the workers will be able to celebrate Eid well,” he added.
Readymade garment entrepreneurs are concerned about potential unrest as they encounter difficulties in clearing wages and bonuses before the upcoming Eid-ul-Fitr. This is because the government has not released funds, despite their pending cash incentives, amounting to nearly Tk4,000 crore, against exports.
The leaders of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) met on Sunday with the Prime Minister’s Principal Secretary Mohammad Tofazzel Hossain Miah regarding the issue and requested that an initiative be taken to release the funds immediately.
According to sources, the newly elected President of BGMEA SM Mannan Kochi, Director Rajiv Chowdhury, and BKMEA Executive President Mohammad Hatem were present at the meeting.
After the meeting, Mohammad Hatem told The Business Standard, “The exporters were entitled to Tk6,000 crore in cash incentives from the government. Of this, Tk2,000 crore was released last Thursday.”
“We have requested the authorities release the remaining Tk4,000 crore before Eid,” he said, adding that “there is a lot of trouble in various factories right now. It will be difficult for many factories to pay wages and allowances to their workers if the funds are not received before Eid.”
‘In that case, there may be labour unrest,” he expressed his concerns.
However, the source of the meeting said no specific assurance has been received from the principal secretary regarding the release of the fund before Eid.
BGMEA Director Rajiv Chowdhury told TBS, “We have brought up our existing issues with him. He told us that he would talk to the government authorities concerned regarding the matter.”
Last week, the Industrial Police released a list of factories that may have problems paying wages and bonuses. According to the list, at least 416 factories may encounter issues with salaries and bonuses before Eid.
According to that list, the Bangladesh Textile Mill Association (BTMA) has 29 member factories, in addition to 171 member factories of BGMEA and 71 member factories of BKMEA. The rest of the factories belong to other sectors.
Meanwhile, there have been reports of labour unrest in some factories over salaries and bonuses in different parts of the country.
Rajiv Chowdhury said, “As you already know, 416 factories are in trouble over bonus payments. If the fund is not received before Eid, there is a risk of unrest in the factories.”
According to sources in the finance ministry, they are unable to release the cash incentives, mainly due to a shortage of funds.
A senior official of the division concerned at the ministry told TBS on condition of anonymity, “Not only the RMG sector or exporters, but other sectors also have pending funds. Tk30,000 crore of the power sector is due. That is why we have to ration the release of money.”
He added, “If we receive instructions from the division concerned, then we will implement them accordingly.”
Currently, there are about 3,000 active export-oriented garment factories in the country. The new wages for this sector have been implemented since last December.
Garment owners claim that despite the new cost of production, most foreign buyers have not increased the price of garment products.
Epic Garments Manufacturing Company Limited – a sister concern of the Hong Kong-based Epic Group – is set to join the board of the listed Envoy Textile Limited.
Epic, which manufactures ready-made garment products in Bangladesh through a joint venture with the Sheltech Group, owns a 2.65% stake in Envoy Textile as an institutional shareholder.
In a price-sensitive information regarding its upcoming annual general meeting (AGM), Envoy announced that the board recommended Sunil Daulatram Daryanani, nominated from Epic Garments, as a candidate for election to the position of director, subject to the availability of a vacancy.
According to the price-sensitive information, the application for candidacy submitted under Article 127.1 of the company’s articles of association was approved with conditions.
Envoy Textile states that the AGM will be held on 28 March, where, with the permission of the general shareholders, three directors will be elected, audited financials for 2022-23 will be approved, dividends will be declared, and other issues will be addressed.
According to information sent to its shareholders, for decades, Epic Group has been a cornerstone of the apparel industry, evolving from a textile trading house to a leader in sourcing quality fabrics.
Since 2005, it has operated as a state-of-the-art manufacturing company with facilities spanning Bangladesh, Jordan, Vietnam, and Ethiopia.
According to the website of the Bangladesh Garment Manufacturers and Exporters Association, Epic Garment Manufacturing was established in 2008, and its factory is located at Adamjee Export Processing Zone.
The principal export products of Epic Garments are bottom pants, denim jeans, and bottom shorts.
Kutubuddin Ahmed, managing director of Epic Garments, also serves as the chairman of Envoy Textile.
In the first half of fiscal 2023-24, its revenue grew to Tk690.95 crore, and it reported a profit of Tk24.27 crore. In the fiscal 2022-23, it reported a revenue of Tk1,109.49 crore, which is down by 10.54% from the previous fiscal year.
While its profit stood at Tk32.73 crore, significantly down from Tk50.13 crore in the fiscal 2021-22. It has recommended a 15% cash dividend for its shareholders, which will be approved at the upcoming AGM by shareholders.
Previously, a legal battle over supremacy at Envoy Textiles Limited, which is the world’s very first LEED-certified platinum denim mill, began in 2022 after the separation of Kutubuddin Ahmed from Envoy Textiles’ parent company, Envoy Group.
The legal saga commenced in June 2022 when Abdus Salam Murshedy contested a potential cessation of his position as managing director of Envoy Textile.
Subsequently, the High Court appointed Tanvir Ahmed as the company’s new managing director and Shehrin Salam Oishee as deputy managing director, subject to obtaining shareholders’ approval by conducting an EGM.
Shareholders of Envoy Textiles approved the appointment of a managing director for the company at the EGM held at the Gulshan Shooting Club on 2 March.
On 25 March, Envoy Textile’s shares closed at Tk36.70 each at the Dhaka Stock Exchange.
