Karachi, Kohinoor Textile Mills Limited informed Pakistan Stock Exchange that the shareholders of the Company informed that they have made to the Federal Board of Revenue declarations of assets acquired/held outside Pakistan I July 2018 under the Foreign Assets (Declaration and Repatriation) Act, 2018 (hereinafter referred to as the “Declaration Act”) and intimated about their beneficial ownership of the company.
Kohinoor Textile Mills Limited is a Pakistan-based textile company. The Company operates through three segments: spinning, weaving, and processing and home textile. The Company’s spinning segment produces yarn using natural and artificial fibers. Its weaving segment is engaged in producing greige fabric using yarn. Its processing and home textile segment is engaged in processing greige fabric for production of printed and dyed fabric, and manufacturing of home textile articles. The Company owns production facilities at Rawalpindi, District Kasur and Gujar Khan. The Company’s production facilities include approximately 156,528 ring spindles capable of spinning a range of counts using cotton and man-made fibers. The Company’s stitching facilities produce a range of home textiles for the export market. The Company is engaged in the dyeing and printing fabrics for the home textile market. The Company’s subsidiaries are Maple Leaf Cement Factory Limited and Maple Leaf Capital Limited.
The symbol “KTML” is being used by the stock exchanges for the shares of Kohinoor Textile Mills Limited.