Paramount Textile PLC has approved the conversion of its Tk293 crore investment in subsidiary Dynamic Sun Energy Pvt. Ltd., a 100MW solar power project, into preference shares as part of a strategic investment restructuring.
According to a stock exchange disclosure, Tk200 crore will be converted into convertible non-redeemable preference shares, while the remaining Tk93 crore will be converted into non-convertible redeemable preference shares. Both categories will carry an annual dividend of 9%, with the convertible shares eligible for conversion into ordinary shares within five years and the redeemable shares scheduled for repayment over the same period.
The listed textile manufacturer holds a 60% stake in Dynamic Sun Energy and said the restructuring reflects its continued commitment to renewable energy development. The company has also invested in Paramount BTRAC Energy Ltd., a 200MW power project, and recently acquired a significant stake in Paramount Solar Limited.
Despite lower sales during the first nine months of FY2025–26, Paramount Textile maintained stable profitability, supported by higher earnings from associate companies and increased non-operating income. The company continues to diversify its portfolio by expanding investments in sustainable energy alongside its core textile business.
