NCML · Nazir Cotton Mills Limited
TRANSMISSION OF ANNUAL REPORT FOR THE YEAR ENDED JUNE 30, 2026
- Filed
- 9 October 2026 at 11:39 am
- Category
- Financials
- Sentiment
- Neutral
- Impact
- High
AI executive summary
Nazir Cotton Mills Limited transmitted its Annual Report for the year ended June 30, 2026, reporting a profit after tax of PKR 73.897 million compared to a loss of PKR 7.231 million in the previous year, driven primarily by other operating income from asset disposals. The company's operations remain suspended since 2006, and the auditors issued an adverse opinion. Additionally, shareholders approved changing the company name to Nazir Ventures Limited and transitioning into investment activities.
Key takeaways
- Profit after tax for the year ended June 30, 2026, was PKR 73,897,121 compared to a loss after tax of PKR 7,231,370 in FY2025.
- Earnings per share (EPS) stood at PKR 3.21 for FY2026 compared to a loss per share of PKR (0.31) in FY2025.
- Profit before taxation was PKR 73,531,003 in FY2026 compared to PKR 6,653,409 in FY2025, while top-line sales remained at zero due to suspended operations.
- The board of directors did not recommend any dividend for the year.
- Shareholders approved changing the company name from Nazir Cotton Mills Limited to Nazir Ventures Limited to transition into investment activities.
- The independent auditors issued an adverse opinion due to significant going concern uncertainties, non-compliance with certain corporate governance regulations, and accounting discrepancies.
Filing details
Financial results
Annual · Audited · Standalone · 30 June 2026
Figures in Rupees
Reporting period
Year
- Income
- 0 (prior 0)
- Profit after tax
- 73,897,121 (prior -7,231,370)
- EPS
- 3.21 (prior -0.31)
- Approved the proposed sale of land, change in the company's name from Nazir Cotton Mills Limited to Nazir Ventures Limited, and a change in its principal line of business from sale of yarn to investment activities at an EGM held on August 27, 2026.
- The board did not recommend any dividend for the financial year ended June 30, 2026.
- Recommended the re-appointment of M/s Kamran & Co., Chartered Accountants, as auditors of the company.
Dividend and entitlement
- Type
- None
- Notes
- Transmission of annual financial statements with no dividend or entitlement declared.
- #annual report
- #financial results
- #name change
- #adverse opinion
This summary is AI-generated and may contain errors or omissions. Review the official PSX filing before making an investment decision.