The Meeting of the Board of Directors of the company was held on Tuesday 28th day of April 2026 at 11:30 a.m. at its registered office to approve the Un-Audited Financial Statements of the Company for the Third Quarter and nine months period ended March 31, 2026.

During the period under review, the overall performance of the textile sector remained very tough and challenging. The spinning industry confronted multiple challenges. The operational capacity was reduced due to non-availability and shortage of raw materials.

The USA Iran war disrupted the global supply chain which affected the overall economic situation. This caused direct impact on the textile industry in the region and largely Pakistan due to its high dependence on imported raw material like polyester, viscose and other man-made fibers. The sharp and sudden increase in prices pushed the cost upward by 20 to 30%. The Net Loss for the third quarter ended March 31, 2026 was (Rs.26,285,425/-) as compared to the Net Profit of Rs.59,031,020/- for the same period last year. Similarly the Net Loss for nine months was (Rs.22,146,972/-) for the period ended March 31, 2026 as compared to the Net Loss of (Rs.99,846,282/-) for the same period last year.

Despite these challenges and the prevailing uncertain circumstances, the company’s management is making best efforts to navigate through these tough times but the Iran war is pushing energy costs sharply higher across Asia, threatening a continued inflation surge in emerging economies that could compress exporter margins, weaken currencies and trigger a broader economic slowdown. However, by the grace of Almighty Allah, 4.6 megawatt solar system is operational which will help improve the energy cost of the company. The management of the company is hopeful for better performance of the company in the remaining period of the current financial year to end on June 30, 2026.