Paramount Spinning Mills Limited (PASM)

Paramount Spinning Mills Ltd remains a non-operational entity following the implementation of a court-sanctioned Scheme of Arrangement that involved the sale of all company assets to settle liabilities. The company is currently evaluating strategic options for its future, though no resumption of business is envisaged at this time.

Paramount Spinning Mills Ltd has clarified that it is not aware of any material developments or undisclosed information that would account for the recent unusual movement in its share price or trading volume. The company confirms that its financial and operational position remains consistent with previously disclosed information.

Paramount Spinning Mills Limited reported a net loss of PKR 3.93 million for the nine months ended March 31, 2026, compared to a profit of PKR 16.44 million in the same period last year. The company's board of directors did not recommend any dividend, bonus, or right shares for the period.