Tosrifa Industries director to sell 10 lakh shares, MD to buy 9.32 lakh
Tosrifa Industries' sponsor, Naim Hasan, currently holds 63.39 lakh shares, representing 9.32% of the company’s total equity
Naim Hasan, a sponsor director of Tosrifa Industries — a publicly listed textile firm — has announced his decision to sell 10 lakh shares of the company.
Meanwhile, Mohim Hasan, managing director of Tosrifa Industries, has announced plans to purchase 9.32 lakh shares from Naim Hasan through the block market within the next 30 working days.
According to the disclosure, Naim Hasan currently holds 63.39 lakh shares, representing 9.32% of the company's total equity.
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He currently serves as a director of the company and is also the managing director of Northern Corporation Limited, Printers & Printers Limited, Enviro Pac Limited, and Fashion Asia Limited.
At the beginning of 2025, Naim Hasan held 81.56 lakh shares of Tosrifa Industries. Between January and April 2025, he sold 18.16 lakh shares in two phases.
After selling the newly announced shares, his stake will decline to 53.39 lakh.
Mohim Hasan currently holds 33.26 lakh shares of the company, equivalent to a 4.90% stake.
Tosrifa Industries is an export-oriented firm with annual turnover of Tk502 in FY25.
In FY25, the company's revenue grew by 6.89% compared to the previous fiscal year. Its net profit rose to Tk5.10 crore, with earnings per share (EPS) of Tk0.75, up from Tk4.95 crore and an EPS of Tk0.73 in FY24.
It had recommended a 4% cash dividend for its shareholders for FY25.
In the first quarter during the July to September quarter, its revenue surged to TK107.84 crore and net profit stood at Tk55 lakh.
