The Meeting of the Board of Directors of the Company was held on Wednesday 30th Day of April 2025 at 12:30 p.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, 2025

During the period under report, the overall performance of the textile sector remained depressed. The spinning industry confronted multiple challenges. The operations were affected due to economic uncertainty in both local and international markets. The demand of blended yarn remained slow due to low demand from the export industry and high cost of production.

The performance of the Company was affected due to the reasons stated above. The textile industry has become un-competitive because of high operational cost and ample availability of all types of imported yarn readily available in the local market due to misuse of Export Finance Scheme (EFS) causing huge financial loss to the national exchequer. The Net Profit for three months was Rs.59,031,020/- for the third quarter ended on March 31, 2025 as compared to the Net Loss of (Rs.86,888,821/-) for the same period last year. Similarly the Net Loss for nine months was (Rs.99,846,282/-) for the nine months period ended on March 31, 2025 as compared to the Net Loss of (Rs.57,950,802/-) for the same period last year.

Despite the challenges being faced, the company’s management is making best efforts to improve the financial results. By the grace of Almighty Allah, 2.3 megawatt solar system is operational which will help improve the viability of the company. Your Directors are hopeful for better performance of the Company in the remaining period of the current financial year to end on June 30, 2025.