Karachi: Crescent Cotton Mills Limited has issued a corrigendum regarding its Annual Report 2025, addressing an omission in the Directors’ Report to the shareholders. The correction, dated November 3, 2025, adds a crucial section on Directors’ Remuneration, clarifying the Board’s adherence to the Code of Corporate Governance.

The newly added section emphasizes that the Board of Directors determines remuneration in compliance with corporate governance standards, ensuring that no Director is involved in deciding his or her own compensation. This transparency initiative outlines that the specifics of the Directors’ and CEO’s remuneration are documented within the notes to the financial statements.

According to information available from the Pakistan Stock Exchange (PSX), this announcement is part of Crescent Cotton Mills Limited’s ongoing commitment to maintaining corporate governance standards.

The company has expressed regret for any inconvenience caused by the oversight and seeks to reassure shareholders of its dedication to maintaining clear and comprehensive communication.