Square Textile PLC, a leading yarn manufacturer, has announced an investment of taka 40 crore under its balancing, modernization, rehabilitation, and expansion (BMRE) program to enhance production capacity and operational efficiency.

At the same time, the board has approved merging Square Texcom Limited with the parent company. Square Textile currently owns 99.88% of Square Texcom, representing an investment of taka 48.93 crore.

Located in Kathali, Valuka (Mymensingh), Square Texcom has played a key role in supporting the overall textile operations.

 According to the company’s latest disclosures, the subsidiary recorded a 28% revenue increase in FY 2024–25, reaching taka 197.89 crore, while net profit rose by 8% to taka 7.99 crore.

Square Textile PLC also reported a 23% year-on-year growth in consolidated earnings per share (EPS) to 7.24 tk, and a Net Asset Value per share (NAV) of  55.86 taka.

Industry analysts note that this initiative for expansion and merger reflects Square Textile’s strategic focus on strengthening production efficiency and competitiveness. The timeless action aligns with the company’s long-term vision to modernize operations and sustain growth in both local and export markets.