Rupali Bank has moved to auction nearly 26 acres of mortgaged land and property belonging to Beximco Limited in Gazipur and Narayanganj to recover defaulted loans. A notice issued by the bank’s head office and reported on August 16, 2026 said the relevant outstanding amount from Beximco Textile was Tk 190.92 crore, excluding unpaid interest. The bank said the scheduled movable and immovable assets would be sold in their existing condition to recover its dues, related costs and court interest.

The notice names Bangladesh Export Import Company Limited as the borrower; the company was previously known as Bextex Limited. Padma Textile Mills and Beximco Knitting have merged with Beximco Limited. Listed properties include land in several Gazipur areas, including Sarabo, and in Tarabo and Jatramura mouzas of Narayanganj. The schedules describe 25.96 acres in total, including 17.41 acres in Narayanganj and 8.55 acres in Gazipur.

Beximco company secretary Asad Ullah said he was unaware of the auction and argued that repayment was difficult while the company remained closed. Bids must be submitted by 2 pm on September 14 and will be opened five minutes later. Economist Abu Ahmed said a negotiated settlement between the bank and borrower would be preferable.