Karachi: Kohinoor Textile Mills Limited (KTML) has announced a significant adjustment in the face value of its shares, effective September 13, 2025. This move, detailed in a communication dated August 20, 2025, will see the face value of KTML shares shift from PKR 10 to PKR 2. The announcement was made public through the Pakistan Stock Exchange (PSX) website.

The change necessitates a temporary modification in the trading settlement cycle. For the trading days of September 11 and September 12, 2025, KTML shares will adopt a T+0 settlement cycle, allowing for same-day settlement. This adjustment is being made to facilitate the stock split. According to information available from the Pakistan Stock Exchange (PSX), normal trading operations with a T+2 settlement cycle will resume from September 15, 2025, following the book closure period.

The company has outlined that the opening price of KTML shares on September 15, 2025, will be recalibrated to one fifth of the closing price recorded on September 12, 2025. This adjustment will result in an increase in the total number of KTML shares from 269.30 million to 1.35 billion, while the company's paid-up capital will remain constant.

Market participants are advised to note these changes as Kohinoor Textile Mills Limited continues to operate within the designated market category subsequent to these adjustments.