SLYT · Sally Textile Mills Limited
Transmission of Annual report for the Year Ended 30-06-2026
- Filed
- 1 October 2026 at 10:18 am
- Category
- Financials
- Sentiment
- Bad
- Impact
- High
AI executive summary
Sally Textile Mills Limited reported its annual financial results for the year ended June 30, 2026, registering a net loss after tax of PKR 30.57 million (loss per share of PKR 3.48) amidst suspended mill operations. The company's auditors issued a disclaimer of opinion, and the Board has proposed changing the statutory auditors to M/s Sarwars Chartered Accountants for the next financial year.
Key takeaways
- Revenue from contracts with customers remained zero for the year ended June 30, 2026, as commercial operations stayed suspended.
- Loss after taxation widened by 4.72% YoY to PKR 30,573,766 for FY2026 compared to PKR 29,196,612 in FY2025.
- Loss before taxation stood at PKR 38,672,755 for FY2026 compared to PKR 37,734,217 in the prior year.
- Basic and diluted loss per share increased to PKR (3.48) in FY2026 from PKR (3.33) in FY2025.
- The Board proposed the appointment of M/s Sarwars Chartered Accountants as new statutory auditors for the year ending June 30, 2027, subject to shareholder approval at the upcoming AGM.
- No cash dividend or bonus shares were proposed or declared for the year due to extensive cumulative losses and negative equity.
Filing details
Financial results
Annual · Audited · Standalone · 30 June 2026
Figures in Rupees
Reporting period
Year
- Income
- 0 (prior 0)
- Profit after tax
- -30,573,766 (prior -29,196,612)
- EPS
- -3.48 (prior -3.33)
- Proposed the appointment of M/s Sarwars Chartered Accountants as the statutory auditors for the financial year ending June 30, 2027, subject to shareholder approval at the AGM.
- Resolved to omit cash payouts or bonus share distributions for the year due to extensive cumulative losses.
- Formulating a holistic debt restructuring model, negotiating direct legal settlements with credit institutions, and sourcing corporate joint-venture channels.
Dividend and entitlement
- Type
- None
- Notes
- No dividend or entitlement declared; only annual financial statements transmitted.
- #financial-results
- #annual-report
- #textile
- #net-loss
This summary is AI-generated and may contain errors or omissions. Review the official PSX filing before making an investment decision.