Karachi: Zahidjee Textile Mills Limited has officially announced the closure of its weaving unit, encompassing 262 weaving looms, as part of its operational adjustments. This decision was publicly disclosed on October 19, 2026, in accordance with regulatory requirements stipulated under Section 96 and 131 of the Securities Act, 2015, as well as Clause 5.6.1 of the Rule Book of Pakistan Stock Exchange Limited.

The closure of the weaving unit is a strategic move by Zahidjee Textile Mills Limited, intended to align with the company's evolving business requirements and the prevailing operating conditions. The decision underscores the company's commitment to maintaining operational efficiency and adapting to market dynamics.

According to information available from the Pakistan Stock Exchange (PSX), this announcement is a necessary disclosure aimed at keeping shareholders and the public adequately informed about the company's operational strategies. Zahidjee Textile Mills Limited remains focused on optimizing its resources and adjusting its operations to ensure continued business viability in a competitive market environment.

This development is categorized under the textile manufacturing sector within the designated market category. The company has not disclosed any additional information regarding the potential impact of this closure on its overall production capacity or workforce.