Faisalabad: J.A. Textile Mills Limited has announced that its Annual General Meeting (AGM) will take place on October 28, 2025, at the company’s registered office in Faisalabad. The meeting’s agenda includes confirming the minutes from the Extraordinary General Meeting held on November 30, 2024, adopting the audited accounts for the fiscal year ending June 30, 2025, and appointing new auditors for the upcoming year.
The company has proposed the appointment of M/s Kreton Nyder Bhirtgi & Co. as the auditors for the year ending June 30, 2026, replacing the retiring M/s Arshad Raheern & Co. Another significant item on the agenda is the consideration of resolutions enabling the company to circulate its annual financial statements via QR code and weblink, following the Securities and Exchange Commission of Pakistan’s notification.
The financial results for the year ending June 30, 2025, reveal that J.A. Textile Mills Limited experienced numerous challenges. The company reported sales of Rs 1.43 billion, compared to Rs 129.954 million the previous year. Despite the increase in sales, the company faced a gross loss of Rs 63.331 million. The taxation for this period was Rs 19.457 million, leading to a reported loss after taxation of Rs 42.33 million, marking an improvement from the previous year’s loss of Rs 60.831 million. The loss per share has decreased to Rs 3.3592 from Rs 4.8274.
According to information available from the Pakistan Stock Exchange (PSX), the company’s financial position reflects the broader market challenges. Despite these difficulties, J.A. Textile Mills Limited is optimistic about future prospects. The company has resumed manufacturing cautiously after a prolonged recession, although demand for yarn remains insufficient in both domestic and international markets.
To combat rising energy costs, the company plans to install a renewable solar energy system at its mill premises to enhance operational efficiency and achieve long-term savings. Additionally, the company has settled its litigation with Faysal Bank Limited, clearing all outstanding liabilities by June 30, 2025.
The board has appointed Ms. Kurratulain Zahid as the new Chief Executive Officer, effective December 1, 2024, succeeding Mr. Imran Zahid, who retired on November 30, 2024. The company extends its gratitude to Mr. Zahid for his valuable contributions and leadership during his tenure.
The board remains committed to guiding the company’s revival, focusing on sustainability and strategic initiatives to ensure financial performance stability. Stakeholders, including shareholders, customers, and employees, have been acknowledged for their trust and support during challenging times.