Saritow Spinning Mills Limited (SSML)

Saritow Spinning Mills Limited reported a net loss of PKR 79.42 million for the nine months ended March 31, 2026, compared to a loss of PKR 82.66 million in the same period last year. The company continues to face significant financial challenges, reflected in its negative equity and ongoing operational losses.

Saritow Spinning Mills Limited reported a net loss of PKR 79.42 million for the nine months ended March 31, 2026, compared to a loss of PKR 82.66 million in the same period last year. The company has ceased its loss-making spinning operations and is transitioning to a 'Godown Rental Business' by repurposing its factory infrastructure into 400,000 square feet of rentable warehouse space.

Saritow Spinning Mills Limited has scheduled a Board of Directors meeting for April 30, 2026, to review and consider the un-audited quarterly financial accounts for the period ended March 31, 2026. A closed period has been declared from April 23, 2026, to April 30, 2026, during which insiders are prohibited from trading company shares.