Lahore: Diamond Industries Limited has announced a strategic plan to resume its manufacturing operations starting January 1, 2026. The announcement follows the Board of Directors’ meeting held on November 25, 2025, where key decisions were made to revitalize the company’s business activities.

According to the company’s disclosure, Diamond Products (Pvt) Limited will take over the factory located in Lahore on lease for a period of five years. This agreement includes the complete possession of the operational factory, which currently manufactures foam and spring mattresses, furniture, and allied products. The transfer of the factory, along with its plant, machinery, and inventories, is expected to be completed by December 31, 2025.

In addition to the Lahore operations, Diamond Industries Limited plans to resume manufacturing high-end foam and spring mattresses and allied products at its Gadoon factory by September 1, 2026. To facilitate this, a committee comprising two directors and the Chief Financial Officer has been tasked with presenting a financial feasibility report by the end of February 2026.

The company’s Board of Directors has also proposed the disposal of outdated machinery at the Gadoon factory under an “As is where is basis” policy. The appointed committee is authorized to undertake all necessary legal and practical measures to execute this disposal well before September 2026. Meanwhile, the Gadoon facility will remain temporarily closed until August 2026, pending the procurement and installation of new machinery.

Furthermore, effective immediately, the company’s head office address has been updated to 23-C-111, W.Mall, MM Alam Road, Gulberg-III, Lahore, from its previous location on Mohan Road.

According to information available from the Pakistan Stock Exchange (PSX), these developments are part of Diamond Industries Limited’s broader strategy to optimize its manufacturing capabilities and enhance its market position. The resumption of operations and strategic realignments are poised to impact the designated market category significantly.

The company has requested that these updates be communicated to the members of the exchange, ensuring transparency and alignment with regulatory requirements.