Generation Next Fashions Limited (GNFL) was incorporated in Bangladesh on 19 August 2004 under the Companies Act 1994 with an authorized capital of BDT 500.00 million and a paid up capital of BDT 47.20 million to carry out business of spinning, weaving and manufacturing of various types of readymade garments of international standard and design.
At present, the paid up capital of the Company is BDT 4500.00 million and the authorized capital is BDT 5000.00 million. GNFL is a 100% export oriented textile and apparel manufacturing company which started its commercial operation on 30 July 2006.
Dear Valued Shareholders-
On behalf of the Board of Directors of Generation Next Fashions Limited, I have the pleasure to welcome you all to the 17th
Annual General Meeting of the company. We are pleased to submit before you the operational activities and Audited Financial
Statements for the year ending 30 June 2021 as approved by the Board of Directors.
Business Condition: As you are aware, the global economy has plunged into worst recession due to second wave of Covid 19.
This has caused a huge impact on the business of ready-made garments suppliers all over the world. We are no exception to this.