Karachi, Kohinoor Textile Mills Limited, in adherence to the regulatory provisions outlined in the Listed Companies (Buy-Back of Shares) Regulations, 2019, has successfully executed a buy-back of its own shares. This strategic move was undertaken in accordance with the Special Resolution passed during the Extraordinary General Meeting on March 03, 2023.

The company has reported that during the trading session on August 22, 2023, a total of 93,500 ordinary shares of Kohinoor Textile Mills Limited were acquired. The purchase was executed at a per-share price of Rs. 59.47. This initiative is in alignment with the company's intent to buy back its own shares, as stipulated by the aforementioned resolution.

By implementing this buy-back strategy, Kohinoor Textile Mills Limited not only demonstrates its commitment to optimizing shareholder value but also upholds the legal framework and regulations set forth for such transactions. The execution of this buy-back is a significant step toward achieving the company's financial objectives and maintaining investor confidence.

The decision to repurchase shares reflects the company's robust financial position and underscores its confidence in its own growth trajectory. As Kohinoor Textile Mills Limited continues to execute its business strategies and enhance its financial performance, this recent development further solidifies its reputation as a forward-looking and shareholder-oriented organization.