Karachi: Kohinoor Spinning Mills Limited successfully credited 23.61 million securities into the Central Depository System (CDS) on April 11, 2025. This move comes after the receipt of a confirmation letter dated April 09, 2025, accompanied by an Auditor Certificate, confirming the allotment of these securities in the name of the Central Depository Company of Pakistan Limited.

The securities were credited into respective accounts by the end of the day on April 11, 2025, marking a significant development for Kohinoor Spinning Mills Limited. The company has acknowledged the increase in its paid-up capital, which now stands at 435.71 million securities.

According to information available from the Pakistan Stock Exchange (PSX), the crediting of these securities aligns with the company's ongoing efforts to enhance its market position and provide value to its stakeholders. The allotment, classified as a further issue other than rights, reflects the company’s strategic direction and growth prospects within the textile industry.

Kohinoor Spinning Mills Limited has requested stakeholders to verify their accounts and report any discrepancies urgently to ensure smooth and accurate record-keeping. This proactive measure underlines the company’s commitment to maintaining transparency and trust with its investors and partners in the designated market category.

The initiative is expected to facilitate more efficient trading and settlement processes, thereby boosting investor confidence in Kohinoor Spinning Mills Limited's financial health and strategic capabilities.