Karachi: Gul Ahmed Textile Mills Ltd. has announced significant advancements in its strategic operations, with the completion of a major acquisition and the approval of additional land and renewable energy projects. According to a report dated October 26, 2026, the company has finalized the purchase of Plot No. A-44 at Sindh Industrial Trading Estates Ltd (SITE), Nooriabad, District Jamshoro, including the associated land, building, plant, machinery, and related equipment.

The company's Board of Directors, during a meeting on October 24, 2026, approved the acquisition of several additional plots at SITE, Nooriabad. The newly approved acquisitions include Plot No. B-80A, measuring 12 acres; Plot No. B-153, measuring 18 acres; Plot No. B-236, measuring 4 acres; Plot No. A-473, measuring 8 acres; and Plot No. B-268, measuring 1.75 acres. This strategic expansion is aligned with Gul Ahmed's growth objectives in the textile manufacturing sector.

Additionally, the Board has sanctioned the installation of key renewable energy projects as part of its ongoing commitment to sustainable development. These projects include a 7.5 MW wind turbine from Goldwind, a solar power plant with a capacity of up to 6 MW utilizing panels from JinkoSolar Holding Co., Ltd., and a 20 MWh Battery Energy Storage System (BESS) with a 0.5C rating capacity from Sungrow Power Supply Co., Ltd. According to information available from the Pakistan Stock Exchange (PSX), these initiatives highlight the company’s proactive approach to integrating renewable energy sources into its operations.

The Board has authorized the Chief Executive Officer, or alternatively, the joint efforts of Mr. Muhammad Kashif Riaz, Chief Financial Officer, and Mr. Salim Ghaffar, Company Secretary, to carry out all necessary actions to implement these decisions and fulfill required formalities on behalf of Gul Ahmed Textile Mills Ltd. This development marks a pivotal step in the company's strategic expansion and sustainability efforts.