Suraj Cotton Mills to close Nooriabad Unit due to financial unviability

Suraj Cotton Mills Limited (PSX: SURC) has announced the closure of its Nooriabad Unit after the Board of Directors determined that the unit had become financially unviable. The company attributed the decision to the outdated and obsolete nature of the plant, which led to uncompetitive operations.

The closure decision has been communicated to shareholders and market participants in accordance with regulatory requirements.