Karachi: D.M. Textile Mills Limited has announced the formation of two new subsidiary companies, expanding its business footprint into investment and general trading sectors. The development was disclosed in a statement dated April 28, 2026.

In compliance with Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of the Pakistan Stock Exchange (PSX) Regulations, the company, now operating under the name Corporation L, has confirmed the incorporation of D.M. Group (Private) Limited and D.M. Ventures (Private) Limited.

D.M. Group (Private) Limited will focus on investing the company’s capital into shares, bonds, stocks, units of mutual funds, and other related securities. This strategic move aims to diversify the company’s investment portfolio and enhance its financial stability.

Meanwhile, D.M. Ventures (Private) Limited will engage in various business activities, including the sale, purchase, import, export, and general trading services. The subsidiary will operate as a general trader and order supplier, expanding the company’s operational scope.

According to information available from the Pakistan Stock Exchange (PSX), the decision to establish these subsidiaries aligns with the company’s broader strategy to expand its market presence and adapt to evolving economic landscapes.

The company has requested the Certificate Holders of the Exchange to be informed of these developments. The move signals a significant shift in the company’s business strategy, potentially impacting its market valuation and investor interest in the designated market category.