Khalid Siraj Textile Mills Limited (KSTM)

Khalid Siraj Textile Mills Limited has clarified that it has no knowledge of any undisclosed events, developments, or circumstances that would account for the recent unusual movement in the price and volume of its shares.

Khalid Siraj Textile Mills Limited has reported that its mill operations remained suspended throughout the quarter ended June 30, 2026. The suspension is attributed to challenging economic conditions, including high input costs, elevated power tariffs, and low market demand.

Khalid Siraj Textile Mills Limited reported a net loss of PKR 12.783 million for the nine months ended March 31, 2026, compared to a loss of PKR 14.062 million in the same period last year. The company has ceased operations since November 2013 and continues to face significant liquidity constraints, with management currently in negotiations with financial institutions to recommence operations.