Karachi, In accordance with Regulation 10(g) of the Listed Companies (Buy-Back of Shares) Regulations, 2019, Kohinoor Textile Mills Limited has successfully completed the buy-back of shares as the purchase period came to a close on August 29, 2023.

With reference to the Special Resolution passed in the Extraordinary General Meeting held on March 03, 2023, the company has purchased a total of 29,997,000 shares, which represent 10.023% of the issued and paid-up capital of Kohinoor Textile Mills Limited. This purchase was executed at the quoted/current share prices through the Pakistan Stock Exchange Limited.

The company now intends to cancel the purchased shares in accordance with applicable laws and Members' Approval. This buy-back initiative marks a significant milestone for Kohinoor Textile Mills Limited, highlighting its commitment to enhancing shareholder value and optimizing its capital structure.