Karachi: Crescent Fibres Limited announced on November 12, 2025, that it has decided to temporarily suspend operations at its spinning unit located in Nooriabad, Sind. This decision comes in response to challenging market conditions, as noted by the company in its formal communication to stakeholders.

The company, which operates two spinning units—one in Nooriabad and another in Bhikki, Punjab—has opted to keep the Bhikki unit operational. The temporary shutdown at Nooriabad reflects a strategic response to current market challenges, with the management actively exploring various alternatives to resume operations and restore the company’s profitability.

According to information available from the Pakistan Stock Exchange (PSX), the decision falls under the compliance requirements of Section 96 of the Securities Act, 2015, and Clause 5.6.1 (a) of PSX Regulations. The designated market category for Crescent Fibres Limited remains unchanged as the company navigates through these strategic adjustments.

The company secretary emphasized the ongoing efforts to evaluate strategic alternatives to overcome the current market challenges. As Crescent Fibres Limited assesses its options, the stakeholders will be keenly observing the developments and potential impacts on its financial performance and market position.