GSPM · Gulshan Spinning Mills Limited
Gulshan Spinning Mills Reports Progress on Asset Sale and Non-Operational Status
Official PSX filing title: PROGRESS REPORT FOR THE QUARTER ENDED 30-09-2026
- Filed
- 14 October 2026 at 3:02 pm
- Category
- Material
- Sentiment
- Neutral
- Impact
- High
Executive summary
Gulshan Spinning Mills Ltd submitted its Quarterly Progress Report for the quarter ended September 30, 2026, confirming that the company remains non-operational. All assets are currently being sold under a court-sanctioned Scheme of Arrangement to settle liabilities with secured creditors.
Key takeaways
- The company remained entirely non-operational during the quarter ended September 30, 2026.
- All assets of the company are being sold under the supervision of the Asset Sale Committee to settle liabilities with secured creditors.
- Sale proceeds are being distributed by the Agent Bank among secured creditors on a pari passu basis.
- The company does not currently envisage commencement or resumption of commercial production or business operations.
Filing details
Financial results
Quarterly · Unaudited
- Implementing court-sanctioned Scheme of Arrangement for the sale of all company assets to settle existing liabilities with secured creditors.
Dividend and entitlement
- Type
- None
- Notes
- The document is a progress report for the quarter ended 30-09-2026 and contains no dividend or entitlement information.
- #progress report
- #non-operational
- #asset sale
- #scheme of arrangement
Please cross-check with the official PSX filing before making an investment decision.