Paramount Textile To Raise Tk 630 Cr For Debt Repayment & Expansion
Paramount Textile Ltd, a listed company under the Paramount Group, plans to raise Tk 630 crore through a zero-coupon bond (Tk 330 crore) and preference shares (Tk 300 crore) to repay high-interest debt and expand production. Both instruments will be issued via private placement, subject to BSEC approval.
The preference shares will offer a 12% annual dividend with semi-annual redemptions over five years, while the zero-coupon bond will be non-convertible, unsecured and fully redeemable.
As of March 2025, Paramount had Tk 1,658 crore in long-term loans and Tk 663 crore in short-term borrowings. CFO Mohammad Jahidul Abedin said the funds would strengthen operations amid rising demand.
In FY25 (Jul–Mar), net profit rose 10% YoY to Tk 96.40 crore, EPS grew to Tk 5.22, and revenue increased 17% to Tk 943.81 crore. In FY24, the company reported Tk 107.77 crore profit and declared a 5% cash and 10% stock dividend. Shares closed at Tk 41 on Thursday, up over 7% for the week.
