The restructured board of the Ring Shine Textile Limited is, reportedly, planning to meet the Bangladesh Securities and Exchange Commission (BSEC) soon even as it, reportedly, plans to seek the regulator’s (BSEC) cooperation in resolving the legal obligations about resuming operations and has prepared a roadmap to bring the company back to production.
This was maintained in media reports, which also cited a Director of the reconstructed board, in this direction.
As per reports, the company has shut down its factory a year after raising capital on the stock market even as it currently has buyers but is unable to go into production due to scarcity of raw materials and working capital.
There is some progress in starting the factory, reportedly, maintained an independent Director of the restructured board of Ring Shine Textile Limited, speaking to the media, who went on to maintain, “In a meeting with the commission (BSEC) next week, the progress will be upheld and cooperation will be sought on some issues,” while adding that meetings have been held with banks and efforts were being made to meet the financial shortage from various sources.
Reports further claimed that the company has loans of around Taka 350 crore from several banks but the debt has not yet turned defaulted even as the restructured board held a meeting recently with the concerned banks on the same.
Bharat Tex Special Report 2026 
