Karachi: Maqbool Textile Mills Limited has disclosed a temporary partial closure of several of its spinning units due to unfavorable economic conditions. The announcement was made in accordance with Section 96 and 131 of the Securities Act 2015 and Clause 5.6.1(a) of the PSX Regulation, indicating a strategic response to the current market challenges.

According to the report dated June 11, 2026, the company has decided to shut down Spinning Unit No. 1, 2, and 4 until further notice, citing the unviability of continuing full-scale production activities across all units. However, Spinning Unit No. 3 will continue its operations as the company navigates through the economic landscape.

The decision reflects the broader economic situation impacting the textile sector, a key industry within the designated market category. According to information available from the Pakistan Stock Exchange (PSX), stakeholders have been informed about this operational change, underscoring the company's commitment to transparency and regulatory compliance.

Maqbool Textile Mills Limited plans to keep a close watch on the evolving situation to determine future actions. The company has assured that it will provide updates as necessary, maintaining communication with the TRE Certificate holders of the exchange. The disclosure form attached with the report provides additional details on the company's strategic decisions and future course of action.