Karachi: Kohinoor Textile Mills Limited has finalized the sub-division of its shares, adjusting the face value from Rs. 10 to Rs. 2, following a special resolution passed by its shareholders. This strategic move, sanctioned under Section 85(1)(c) of the Companies Act, 2017, was completed on September 13, 2025, as confirmed by company officials. Shareholders with physical share certificates are advised to present their original documents to the company’s registrar, Vision Consulting Limited, for exchange after September 19, 2025.
The restructuring has notably increased the company’s issued, subscribed, and paid-up capital from 269,299,456 ordinary shares to 1,346,497,280 ordinary shares, all maintaining the same voting rights and privileges. This transformation aligns with an earlier announcement made on August 20, 2025, and was implemented in collaboration with the Central Depository Company of Pakistan Limited.
According to information available from the Pakistan Stock Exchange (PSX), Kohinoor Textile Mills’ recent changes are in compliance with the Guidelines on Stock Split for Listed Companies. The company’s authorized share capital remains at Rs. 4 billion, now distributed as 1,850,000,000 ordinary shares and 150,000,000 preference shares, both with a face value of Rs. 2.
Supporting documentation, including a CDC confirmation letter and an auditor’s certificate, has been provided to stakeholders. The auditors, Riaz Ahmad & Company, have certified the revised number of shares following the sub-division, verifying the company’s adherence to regulatory standards. This certification was required by the PSX as per their directives dated July 18, 2025.
This sub-division not only aligns with Kohinoor Textile Mills’ strategic financial goals but also offers its shareholders an enhanced equity structure without altering existing rights. The company remains committed to fulfilling all necessary corporate and legal requirements to ensure a seamless transition.