Lahore: Kohinoor Textile Mills Ltd. announced the adoption of a special resolution to alter its capital structure, following an extraordinary general meeting held on August 15, 2025, at its registered office on Lawrence Road.

In compliance with Section 85 of the Companies Act, 2017, and Clause V of the Memorandum of Association, the shareholders approved the subdivision of each ordinary share with a face value of Rs.10 into five ordinary shares with a face value of Rs.2. This change maintains existing rights, privileges, and entitlements of the shares. The authorized share capital was altered from 370.00 million ordinary shares of Rs.10 each to 1.85 billion ordinary shares of Rs.2 each, and preference shares were adjusted from 30.00 million shares of Rs.10 each to 150.00 million shares of Rs.2 each.

The issued and paid-up capital was also subdivided from 269,299,456 ordinary shares of Rs.10 each to 1,346,497,280 ordinary shares of Rs.2 each. The amendment to Clause V of the Memorandum of Association reflects these changes.

According to information available from the Pakistan Stock Exchange (PSX), the authorized and issued capital alterations are expected to streamline operations and enhance market liquidity. The Chief Executive Officer and Company Secretary have been authorized to execute all steps necessary for the resolution's implementation, including regulatory compliance and the issuance of new shares.

The textile manufacturing company falls under the designated market category of the Pakistan Stock Exchange. The resolution is expected to have a moderate move impact on the company's stock performance.