Lahore: Kohinoor Spinning Mills Limited has announced the issuance of new shares as part of its capital expansion strategy, according to a recent auditor's certificate released on June 22, 2026. The issuance was conducted under Section 83(1)(b) of the Companies Act 2017, in conjunction with regulation 5 of the Companies (Further issue of Shares) Regulations 2020.

The issuance of shares follows a special resolution passed during the company's Extraordinary General Meeting on March 9, 2026. The Securities and Exchange Commission of Pakistan's Securities Market Division granted approval for the issuance on April 21, 2026. Kohinoor Spinning Mills Limited has issued a total of 117,142,857 ordinary shares at a price of Rs. 7 per share, including a premium of Rs. 2 per share, to Mr. Naeem Yousaf. This issuance was completed on a "other than right" basis, involving a conversion of outstanding interest-free loans into equity.

According to information available from the Pakistan Stock Exchange (PSX), the issuance of these shares has resulted in a significant increase in the company's paid-up capital. Before the issuance, the paid-up capital stood at Rs. 2,178,571,425, equivalent to 435,714,285 ordinary shares. Following the issuance, the company's paid-up capital has increased to Rs. 2,764,285,710, now comprising 552,857,142 ordinary shares.

The statutory auditors have verified that all procedural requirements for the allotment of securities under the new issuance have been met. This includes the necessary approvals and conditions set forth by the regulatory body. The newly issued shares have been duly allocated to the Central Depository Company of Pakistan Limited, ensuring compliance with regulatory norms.

The move is a part of Kohinoor Spinning Mills Limited's ongoing efforts to enhance its financial structure and operational capacity, as the company continues to position itself strategically within the market.