LAHORE – Kohinoor Textile Mills Limited (KTM) has proposed a stock split in which the face value of its ordinary shares will be reduced from Rs. 10 to Rs. 2 per share, resulting in a 5-for-1 share subdivision. This recommendation was made by the company’s Board of Directors through a resolution passed by circulation and will be presented for approval at the upcoming Extraordinary General Meeting (EOGM) scheduled for Friday, August 15, 2025.
In addition to the stock split, the company plans to amend Clause V of its Memorandum of Association to reflect this change. The move aims to make KTM’s shares more accessible to smaller and retail investors, thereby broadening its investor base and improving market liquidity.
Following the approval at the EOGM, KTM’s existing subscribed and paid-up capital, currently comprising 269,299,456 ordinary shares of Rs. 10 each, will be split into 1,346,497,280 ordinary shares of Rs. 2 each. The record date for eligible shareholders to receive the additional shares will be announced after the EOGM.
The company has also announced that the Share Transfer Books will remain closed from August 8, 2025, to August 15, 2025. Transfers received by the Share Registrar, M/s. Vision Consulting Limited, up until the close of business on August 7, 2025, will be processed for participation in the EOGM.
Shareholders and TRE Certificate Holders of the Exchange are advised to take note of the details for the upcoming meeting and share split.
