Craftsman Footwear denies price-sensitive disclosure amid sharp share surge
The clarification follows a steep rally in the company’s stock, which surged by 58% in just over a month, climbing to Tk41.40 on 12 April from Tk26.20 on 8 March.
Craftsman Footwear and Accessories Limited has said there is no undisclosed price-sensitive information behind the recent sharp rise in its share price and trading volume, responding to a query from the Dhaka Stock Exchange issued on 9 April 2026.
The clarification follows a steep rally in the company's stock, which surged by 58% in just over a month, climbing to Tk41.40 on 12 April from Tk26.20 on 8 March.
However, the stock saw a slight correction in the following session, declining by 3.14% today (13 April) to close at Tk39.70, indicating some profit-taking by investors.
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According to the insiders, market activity around the stock has also been influenced by recent disclosures from Prilink Securities Limited, which announced plans to offload a portion of its holdings in the SME-listed company.
Earlier this month, the brokerage disclosed its intention to sell 7 lakh shares worth approximately Tk2.35 crore. The firm had also declared plans in March to sell 10 lakh shares, a transaction that was completed on 6 April.
Prilink Securities is a placement shareholder in Craftsman Footwear, having acquired its shares during the company's listing through a Qualified Investor Offer.
Notably, the company's directors Md Zahirul Islam and Md Abu Syed Titu also serve as chairman and managing director of the brokerage, adding to investor interest in the stock.
Despite the recent price surge, the company's financial performance shows mixed trends. In the 2024–25 fiscal year, Craftsman reported revenue of Tk76.76 crore, with an overwhelming 97% coming from exports, highlighting its strong dependence on international markets.
However, profit declined to Tk4.32 crore from Tk5.44 crore in the previous year, although the company still declared a 10.50% cash dividend for shareholders.
Craftsman Footwear, which raised Tk5 crore through its SME platform listing in 2024, continues to expand its footprint with two production units serving both domestic and export markets. As of December 2025, sponsor-directors held 45.22% of its total 2.8 crore shares, while institutional and general investors held 32% and 22.78% respectively
