Lahore: Colony Textile Mills Limited has announced the resumption of its weaving division operations, effective May 1, 2025. The division was previously shut down on January 31, 2025. This decision is in compliance with Sections 96 and 131 of the Securities Act, 2015, and Clause 5.6.1 of the Rule Book of Pakistan Stock Exchange Limited.
According to information available from the Pakistan Stock Exchange (PSX), the reopening of the weaving division will see capacity utilization adjusted according to market viability and demand conditions. The management aims to align operational levels with the prevailing market circumstances to ensure optimal performance.
The company has instructed that this information be disseminated to the Trading Right Entitlement Certificate (TREC) Holders of the Exchange. Colony Textile Mills Limited is categorized under the textile sector, a key segment of the market.
The decision reflects the company's strategic approach to adapt to market demands and optimize its production capabilities.