Idrees Textile shifts to value-added products

June 01, 2026 (MLN): Idrees Textile Mills Limited (PSX: IDRT) is charting a new course. The Company's Board of Directors, convening on June 1, 2026, approved a forward-looking strategy designed to meaningfully improve profitability and unlock new sources of value for the business.

At the heart of the plan is a shift in the Company's production mix.

By replacing certain existing machinery, Idrees Textile intends to move away from conventional textile output and toward value-added products a segment that typically commands stronger margins and greater demand resilience.

But the ambition does not stop at the loom. The Company is also looking beyond its core manufacturing operations, identifying an opportunity in its own footprint.

Surplus space within its facilities will be put to work through expansion into warehousing, logistics and supply chain management services building an income stream that diversifies revenue and reduces reliance on any single line of business.

Together, the Board believes these moves will substantially strengthen the Company's cash flows, shore up its financial position, and generate more consistent returns for shareholders over the long term.

The decisions remain subject to shareholder approval. An Extraordinary General Meeting is scheduled for June 27, 2026, where the Company will present the full details of its plans.

The aforementioned information was disseminated through a notification to Exchange.

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