Karachi, Kohinoor Textile Mills Limited, a prominent player in the textile industry, has successfully executed the buy-back of its own shares in accordance with the Special Resolution passed during its Extraordinary General Meeting held on March 03, 2023.

In compliance with Regulation 6(e) of the Listed Companies (Buy-Back of Shares) Regulations, 2019, Kohinoor Textile Mills Limited has purchased a total of 2,300,000 ordinary shares of the Company. The buy-back was conducted during today's trading session on the Pakistan Stock Exchange Limited.

Each ordinary share was acquired at a price of Rs. 59.99, demonstrating the Company's commitment to repurchasing its shares at a predetermined value. This move aligns with the company's strategic objectives and reflects the confidence it has in its financial standing and future prospects.

The buy-back of shares is a strategic maneuver that allows companies to repurchase their own shares from the market. This decision often signifies a company's belief in its own valuation, as well as its ability to generate long-term value for shareholders.

Kohinoor Textile Mills Limited's execution of this buy-back of shares underscores its prudent financial management and its dedication to enhancing shareholder value. The successful completion of this transaction serves as a testament to the company's strong performance and its commitment to investor trust.

The buy-back initiative further enhances the company's financial position and may positively impact key financial ratios. By reducing the number of outstanding shares, companies can potentially enhance earnings per share and increase ownership stakes for existing shareholders.

Kohinoor Textile Mills Limited remains a significant player in the textile sector, with a legacy of quality products and operational excellence. The recent buy-back of shares reflects the company's strategic approach to capital management and its proactive measures to maximize shareholder returns.

As the company continues to navigate the evolving business landscape, shareholders and stakeholders alike will closely watch the impact of this buy-back on the company's financial position and long-term growth trajectory.