Kasur: In a significant move to enhance market liquidity and investor accessibility, Kohinoor Mills Limited announced several strategic decisions following the Board of Directors meeting held on August 6, 2025. The decisions, aimed at strengthening the company's market presence, were disclosed as part of the material information requirements of the Pakistan Stock Exchange Limited.
The Board considered and approved the annual budget for the financial year 2025-26. In addition, they recommended a notable alteration to the company's ordinary shares. The Board proposed a subdivision of shares, reducing the face value from Rupees 10 to Rupee 1 per share. This subdivision will transform the current 50,911,011 ordinary shares into 509,110,110 shares, pending shareholder approval at the forthcoming Extraordinary General Meeting (EoGM) scheduled for September 9, 2025.
According to information available from the Pakistan Stock Exchange (PSX), the subdivision is designed to broaden the shareholder base and encourage wider investor participation. The EoGM will be held at the company's registered office in District Kasur, with the share transfer books closed from September 3 to September 9, 2025.
Further, the Board approved the establishment of a wholly owned subsidiary in the United States. This move aims to expand Kohinoor Mills' global footprint in textile products through e-commerce. The subsidiary is subject to regulatory approvals and compliance with U.S. laws.
The Board also highlighted ongoing projects aimed at sustainability and operational efficiency. A 7.2 Mega Watt solar renewable energy system is under installation, expected to meet over 20% of the company's energy needs by the end of the first quarter on September 30, 2025. The initiative aligns with the company’s goal to reduce reliance on imported fuels and achieve cost savings.
Additionally, the company’s new garment manufacturing unit, with a capacity of 17,000 garments per day per shift, is on track for completion by the end of September 2025. Initially, the unit will produce 5,000 garments per day per shift, enhancing the company's vertical integration and complementing its dyeing division by delivering finished products to customers.