Alif Industries Ltd. is a dynamic organization, managed by Professionals. Our pride that we work in Alif to swell up Bangladeshi Products in the international market considering Choice & fashions for the satisfaction of the quality conscious buyer keeping in mind all through their recognition in the measure.
Alif Industries Ltd (Previous Sajib knitwear and Garments Ltd) was established as a Private Limited Company in August 1992 under the company act 1913. It was then converted to a “Public Limited Company” in 1995. In October 1995, the company first time floated its share through Initial Public Offering (IPO). The company was enlisted with Dhaka Stock Exchange and Chittagong Stock Exchange for public trading its share in Dec 1995.The Company started its business as an export oriented Garments industry having full composite unit, knitting , Dyeing & Garments. Its factory is located at 05 Tatki, Tarabo, Rupganj, Narayanganj.
Message from the Chairman
Dear Valued Shareholders
It is indeed a great pleasure and honor for me to welcome you on this 26th Annual General Meeting of Alif Industries Ltd. It is also a great privilege for me to place before you the Annual report along with audited Financial Statements of the company, auditors report and Directors report there on for the year ended on 30th June 2018.
2017-18 has been moderate year for the Company. Over the last year, we continued to develop the business strategy, channeling our resources with a long term vision to strengthen our performance. As a result, despite all obstacles, last year (2017-18), we have made possible your company to continue in export.
I am delighted to inform all of you that your company has made remarkable performance by exporting worth of USD 7.3 million in the year under report. I would like to give special thanks to all stakeholders including honorable shareholders whose continuous support and the management and all employees, whose continuous hardworking made it possible to achieve such performance. I expect the honorable shareholders will extend their continuous support to help growing our business as they always did in the past as well.
As you already know that with the continuous effort of the management and the stakeholders, your company has got approval for re- listed in the main bourses of Dhaka Stock Exchange Ltd (DSE) and Chittagong Stock Exchange Ltd (CSE) on December 17, 2017 and January 24, 2018 respectively. This is one of the remarkable achievement for any company in the history of capital market. You all are patrons for such remarkable achievement.
I sincerely believe that good governance is very vital for success and improvement for the company. I also glad to report that the company has an audit committee, which regularly review the financial transaction. The management is fully aware of risk factors of the economy and the industry as well and take measures to address risk. The company has also internal financial control system that gives reasonable measures to the Board of Directors for their guidance.
Finally, I would like to take the opportunity on behalf of Board of Directors and express my deepest appreciation to all our valued shareholder, customers, and clients, well-wishers for their heartiest support and interest for the betterment of the company. I sincerely hope that the same support would continue in the future to come.
With best Wishes
Md. Azizul Islam, Chairman, Alif Industries Ltd.