Kohinoor Mills declares 10-for-1 stock split

August 6, 2025 (MLN): Kohinoor Mills Limited (PSX:KML) has shared a major corporate move to enhance shareholder value by recommending a subdivision of its ordinary shares.

The Board of Directors, approved a proposal to reduce the face value of each ordinary share from Rupees 10 to Rupee 1, effectively implementing a 10-for-1 stock split, the company's filing on PSX revealed today. 

This means that the number of issued shares will increase from 50.91 million to 509.11m, without altering the total paid-up capital of the Company.

The share split aims to improve market liquidity, increase investor participation, and make the stock more accessible to a wider base of shareholders.

An Extraordinary General Meeting has been scheduled for Tuesday, September 9, 2025, at 12:30 p.m., at the Company’s registered office to seek shareholder approval for the stock split.

In a parallel, the Company’s Board also approved the establishment of a wholly owned subsidiary in the United States, subject to legal and regulatory compliance.

The subsidiary will focus on e-commerce and related technologies, allowing KML to distribute its textile products directly to international markets and capitalize on digital growth trends.

The Company also shared the ongoing installation of a 7.2 MW solar energy system, part of its broader commitment to sustainability and operational efficiency.

The project is expected to be completed by the end of the first quarter on September 30, 2025 and will allow more than 20% of the Company’s energy needs to be met through renewable sources.

This transition is expected to reduce energy costs and lower the Company’s carbon footprint.

It was also revealed that a newly constructed garment unit is set to begin production soon.

The facility, which has the capacity to produce 17,000 garments per day per shift, is expected to be completed by September 30, 2025. Initially, the unit will commence operations with a capacity of 5,000 garments per day per shift.

This expansion will enable the Company to offer fully finished apparel, complementing its dyeing division and furthering its vertical integration strategy.

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