Karachi: Kohinoor Mills Limited announced the approval of a significant alteration to its share structure following an Extraordinary General Meeting held on September 9, 2025. Shareholders passed special resolutions to subdivide existing shares to enhance liquidity and accessibility in the market.

In compliance with Rule 5.6.9 (b) of the Rule Book of Pakistan Stock Exchange Limited, the company provided a certified true copy of the resolutions passed. The meeting, conducted at the company’s registered office in District Kasur, saw the approval of a subdivision of the company’s ordinary shares. Each ordinary share with a face value of Rupees 10 will be subdivided into ten ordinary shares with a face value of Rupee 1 each. This subdivision will not affect the rights, privileges, or entitlements attached to the shares.

The alteration necessitated an amendment to Clause V of the Memorandum of Association of the Company, reflecting this new share structure. The Chief Executive Officer or the Company Secretary has been authorized to execute all necessary actions to implement the resolution. This includes the announcement of closure of Members’ Registers, determination of the effective date, and the issuance of new physical and electronic shares.

According to information available from the Pakistan Stock Exchange (PSX), such corporate actions aim to increase the liquidity of the stock by making it more affordable and attractive to a broader range of investors. This strategic move aligns with the company’s objectives to enhance shareholder value and market participation.

The textile manufacturing company, which operates under the designated market category of the Pakistan Stock Exchange, continues to focus on corporate governance and regulatory compliance as it adapts to evolving market conditions. The resolutions passed are expected to facilitate a more efficient and accessible trading environment for Kohinoor Mills Limited’s securities.