Karachi: Reliance Cotton Spinning Mills Limited (RCML) is set to be delisted from the Pakistan Stock Exchange (PSX) following its merger with Sapphire Fibres Limited (SFL). This development comes after the fulfillment of all necessary regulatory requirements, according to a notice issued by the exchange.
The merger, which was initially announced in a PSX notice dated April 8, 2026, will take effect on Monday, June 29, 2026. As a result, RCML will no longer be listed on the exchange, marking a significant change in the textile sector's landscape.
According to information available from the Pakistan Stock Exchange (PSX), the merger of RCML into SFL aligns with broader strategic objectives within the industry. This move is expected to streamline operations and potentially enhance competitive positioning in the market.
The designated market category for this listing was the textile sector, a key industry within Pakistan's economy. The delisting marks the end of RCML's independent presence on the exchange, as it integrates fully into SFL's operational framework.