Lahore: Kohinoor Spinning Mills Limited announced it has received approval from the Securities and Exchange Commission of Pakistan (SECP) to issue 23,607,500 ordinary shares. The SECP's decision, communicated via letter No.CSD/Cl/28/20025 dated March 21, 2025, permits the company to issue these shares at a par value of Rs.5 per share, totaling Rs.118.04 million. The issuance will be conducted through a method other than a right offer, as stated under section 83(1)(b) of the Companies Act, 2017 and in accordance with regulation 5 of the Companies (Further Issue of Shares) Regulations, 2020.

The shares will be allocated to Mr. Khawaja Muhammad Jahangir, as specified in the regulatory approval. This development is part of Kohinoor Spinning Mills Limited's strategic efforts to enhance its capital base.

According to information available from the Pakistan Stock Exchange (PSX), the company's decision aligns with the compliance requirements set forth in section 96 and 131 of the Securities Act, 2015, as well as Clause 5.3.1 (a) of the Rule Book of Pakistan Stock Exchange Limited.

This move is expected to contribute to the company's growth and operational plans. The detailed documentation, including the SECP's approval letter, has been made available for reference. Kohinoor Spinning Mills Limited operates within the textile sector of the designated market category.