Masood Textile Mills Limited (MSOT)

Masood Textile Mills Limited has successfully commissioned a 6.2 MW solar photovoltaic plant and is currently installing an additional 3.8 MW, which will bring the total operational capacity to 10.0 MW upon completion. This initiative is aimed at optimizing energy costs, reducing reliance on grid electricity, and supporting the company's sustainability objectives.

Velora Global Ventures - F.Z.C. has entered into agreements to acquire an aggregate 18.31% shareholding in Masood Textile Mills Limited over a three-year period, purchasing 7.00% from Shanghai Challenge Textile Co., Ltd. and 11.31% from Zhejiang Xinao Industry Company Ltd., subject to regulatory approvals including the Competition Commission of Pakistan.

Masood Textile Mills Limited has clarified that it is not aware of any undisclosed material information or developments that would explain the recent unusual movement in its share price.