Lahore: Kohinoor Textile Mills Limited has announced that it will conduct its Annual General Meeting (AGM) on Thursday, September 17, 2026. The meeting, set to take place at the company's registered office on Lawrence Road, Lahore at 2:00 PM, will address both ordinary and special business items on the agenda.
The meeting's ordinary business will include the adoption of the company's audited accounts, including consolidated financial statements for the year ended June 30, 2026. These will be presented alongside the Chairman's Review and the Directors and Auditor's Reports. Further, shareholders will vote on the appointment of auditors for the fiscal year ending June 30, 2027. The board has recommended the reappointment of M/s. Riaz Ahmad & Company, Chartered Accountants, as the auditors.
In terms of special business, the company plans to propose significant financial resolutions. According to information available from the Pakistan Stock Exchange (PSX), the board seeks shareholders' approval to authorize investments in the form of loans and advances. These are targeted at two of its subsidiaries, Maple Leaf Cement Factory Limited and Maple Leaf Capital Limited, each up to an aggregate sum of 2.00 billion rupees. This authorization will cover the period from September 18, 2026, to September 17, 2027. The loans will carry a markup rate of one percent above the three-month KIBOR or the company's average borrowing cost, whichever is higher.
Additionally, the company intends to issue a cross-corporate guarantee worth up to 7.00 billion rupees to banks for financing facilities to Maple Leaf Capital Limited. This measure includes creating charges, pledges, and/or liens on the company's assets on behalf of Maple Leaf Capital Limited, with a repayment markup condition set at 0.5% per annum above the average borrowing cost, until repayment is completed.
Further resolutions involve the ratification and approval of transactions conducted with related parties for the year ended June 30, 2026. The Board of Directors is also seeking authorization to approve future transactions with related parties for the financial year ending June 30, 2027, which will later be ratified in the next AGM.
The Share Transfer Books of the company will remain closed from September 11, 2026, to September 17, 2026, to determine the eligibility of shareholders for voting at the AGM. Transfers received by the company's Share Registrar, Vision Consulting Limited, by the close of business on September 10, 2026, will be considered timely.