Kohinoor Textile Mills Proposes Stock Split

Kohinoor Textile Mills Limited (KTML) has notified the stock exchange about a proposition from its Board of Directors (BoD) to subdivide equity shares, pending shareholder approval.

The board suggests dividing the company’s existing ordinary shares by decreasing the face value from Rs10 to Rs2 per share, as per Section 85(1)(c) of the Companies Act, 2017.

According to the notice, this implies a stock split with a ratio of five shares for each share currently held.

The company’s Memorandum of Association will be updated to reflect the proposed share sub-division.

KTML stated that, upon approval at the Extraordinary General Meeting (EoGM) scheduled for August 15, 2025, the company’s subscribed and paid-up capital, which consists of 269,299,456 ordinary shares at Rs10 each, will be divided into 1,346,497,280 ordinary shares at Rs2 each.

Consequently, eligible shareholders will be allocated five ordinary shares for every share they possess.

The company believes that the stock split is designed to broaden Kohinoor Textile Mills’s investor base by making its shares more accessible and affordable, particularly for small and retail investors.

The company added that this action is projected to enhance market liquidity through greater trading activity and highlights the company’s confidence in its future expansion, evidenced by the significant increase in its share price over the past year.

The listed company expressed that the split is intended to promote greater investor involvement and reinforce its standing in the equity market.

Kohinoor Textile Mills Limited, established in Pakistan under the Companies Act, 1913, specializes in yarn and cloth production, cloth processing and stitching, and the trade of textile goods.