⚡ Flash Summary

Kohinoor Mills Limited (KML) announced a sub-division of its ordinary shares, changing the face value from Rs. 10 to Re. 1 per share. This adjustment, effective October 4, 2025, has been reflected in shareholders’ Central Depository Company (CDC) accounts. The company’s paid-up capital now consists of 509,110,110 ordinary shares with a face value of Re. 1 each. Physical shareholders are instructed to exchange their old share certificates for new ones with the revised face value through the company’s Shares Registrar.

📌 Key Takeaways

• 📌 KML has sub-divided its ordinary shares from Rs. 10 to Re. 1 face value.
• 📅 The share sub-division was effective as of October 4, 2025.
• 💼 Shareholders’ CDC accounts have been updated to reflect the change.
• 📄 Physical shareholders must surrender old certificates for new ones.
• 🏢 Hameed Majeed Associates is the Shares Registrar handling the exchange.
• ✉️ Old certificates should be sent with a verified transfer deed and CNIC copy.
• 🔄 The company’s paid-up capital is now 509,110,110 shares at Re. 1 each.
• ✅ No changes to shareholder rights or privileges as a result of the split.
• 📜 The sub-division is conducted under Section 85 of the Companies Act, 2017.
• 📢 PSX has been requested to update their records.
• 🧾 Auditor’s certificate confirms the revised number of shares.
• ✉️ CDC has also confirmed the change in holdings in CDS accounts.
• ✔️ EOGM approved the sub-division on September 9, 2025.

🎯 Investment Thesis

Based solely on the share sub-division announcement, a HOLD recommendation is appropriate for KML. The action itself does not fundamentally alter the investment attractiveness of the company. A more informed recommendation would require an in-depth analysis of KML’s financials, operational performance, and industry outlook, which are not discussed in the provided document. The price target will depend on thorough financial modeling and market analysis.