Karachi: Kohinoor Mills Limited (KML) has announced a significant change in the face value of its shares, effective October 4, 2025. According to a notification dated September 17, 2025, the face value of KML shares will be reduced from PKR 10 to PKR 1. This development was communicated through the Pakistan Stock Exchange (PSX) website.
Due to this announcement, trading in KML shares will adhere to a modified settlement cycle on a T+0 basis, meaning same-day settlement, for the trading days preceding the Book Closure, which are Thursday, October 2, 2025, and Friday, October 3, 2025. The modification is a result of the scheduled stock split. Normal settlement cycles on a T+2 basis will resume starting Monday, October 6, 2025, which is the first working day following the Book Closure.
The book closure will result in the opening price of KML shares on October 6, 2025, being one-tenth of the closing price on October 3, 2025. Despite this adjustment, the total number of KML shares will increase from 50,911,011 to 509,110,110, while the company’s paid-up capital will remain unchanged.
This restructuring reflects a very large or significant move in the company’s stock structure. According to information available from the Pakistan Stock Exchange (PSX), all market participants are advised to take note of these changes as they prepare for the upcoming trading sessions.