Crescent Steel to exit cotton segment

February 4, 2026 (MLN): Crescent Steel & Allied Products Limited (PSX: CSAP) has decided to discontinue its Cotton segment as part of a broader strategic realignment aimed at strengthening its long-term business focus.

The decision was taken by the company’s Board of Directors during its meeting held on February 4, 2026, following a detailed assessment of the Cotton segment’s performance and its alignment with the company’s long-term objectives, the company's filing on PSX revealed today.

As a result of this move, the Cotton segment will no longer form part of Crescent Steel’s continuing operations.

For financial reporting purposes, the Cotton segment will be classified and presented as a “discontinued operation.”

This change shows the company’s intent to streamline its business structure and concentrate resources on core business areas that are better aligned with its strategic direction.

Crescent Steel has emphasized that the transition will be managed in an orderly manner.

The company remains focused on enhancing operational efficiency while working towards improving overall shareholder value through a more concentrated and strategically aligned business portfolio.

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