Karachi, Kohinoor Textile Mills Limited, a key player in the textile industry, has successfully carried out a share buy-back in alignment with the Special Resolution endorsed during the Extraordinary General Meeting convened on March 3, 2023.

The company, operating under the regulatory framework of the Listed Companies (Buy-Back of Shares) Regulations, 2019, has completed the acquisition of 195,000 ordinary shares at a per-share price of Rs. 55.14. This transaction took place during today's trading session on the Pakistan Stock Exchange Limited.

The implementation of this buy-back initiative is in line with the Company's strategic vision and its commitment to optimize shareholder value. The decision was solidified by the Special Resolution green-lighted in the Extraordinary General Meeting earlier this year.

By executing this share buy-back, Kohinoor Textile Mills Limited underlines its proactive approach to enhancing shareholder returns and maintaining financial flexibility. The move signifies the Company's confidence in its own financial health and future prospects, further strengthening the bond between the business and its shareholders.

The successful execution of this buy-back demonstrates Kohinoor Textile Mills' commitment to adhering to regulatory guidelines while pursuing strategies that align with its corporate objectives. This development is expected to have a positive impact on the Company's performance and shareholder sentiment in the market.