Karachi: Shadab Textile Mills Limited has released its quarterly progress report detailing the utilization of proceeds from its recent right issue, as of the quarter ended June 30, 2026. This announcement was made on July 14, 2026, in compliance with the Companies (Further Issue of Shares) Regulations.

The report, which is attached as "Annexure-A," provides an account of how the funds from the right issue have been allocated. The disclosure is part of the company's commitment to transparency and adherence to the applicable provisions of the relevant regulations. Additionally, a disclosure form in terms of Sections 96 and 131 of the Securities Act, 2015 is included as "Annexure-B."

According to information available from the Pakistan Stock Exchange (PSX), Shadab Textile Mills Limited has closely monitored the allocation of the raised funds to ensure that the proceeds are used in accordance with the objectives outlined to investors during the right issue. The company continues to follow regulatory guidelines to maintain investor confidence and market integrity.

The textile sector, to which Shadab Textile Mills belongs, is a significant component of the country's designated market category. Shadab Textile Mills' decision to provide a detailed and timely report reflects its dedication to maintaining market standards and investor trust.