Lahore: Kohinoor Textile Mills Limited's Board of Directors has approved significant financial measures to support its subsidiaries, as detailed in the company's financial results for the year ended June 30, 2026. The board meeting, held on July 31 via video conferencing, proposed no dividends or bonus shares for the year, focusing instead on strategic investments and financial backing for subsidiary operations.

Kohinoor Textile Mills, a key player in the textile sector, has committed to investing up to Rs. 2,000 million as loans or advances for Maple Leaf Cement Factory Limited (MLCF) and Maple Leaf Capital Limited (MLCL) to fulfill their working capital needs. This initiative is contingent on shareholder approval under Section 199 of the Companies Act, 2017. MLCF has reciprocated with a similar Rs. 2,000 million facility, while MLCL has proposed a Rs. 4,000 million facility for Kohinoor.

In addition, the board has sanctioned the issuance of cross corporate guarantees amounting to Rs. 7 billion for MLCL. These guarantees to banks will facilitate financing options for MLCL over a period of up to five years, contingent upon shareholder consent.

According to information available from the Pakistan Stock Exchange (PSX), the company reported a consolidated gross profit of Rs. 42.25 billion, up from Rs. 35.97 billion in the previous year, indicating a very large or significant move of 17.47%. The revenue for the year also saw a substantial increase to Rs. 143.46 billion from the previous year's Rs. 128.03 billion.

The company's profit after tax stood at Rs. 26.88 billion, with earnings per share rising to Rs. 14.77 from Rs. 12.24, reflecting the company's strong financial performance over the past year. The financial position shows total assets at Rs. 310.69 billion, with equity and liabilities evenly distributed.

Kohinoor Textile Mills is set to hold its Annual General Meeting on September 17, 2026, at its registered office in Lahore, with share transfer books closed from September 11 to September 17 for the purpose of determining shareholder entitlements and voting rights. The company's annual financial statements will be made available at least 21 days before the AGM, as per regulatory requirements.