GUTM · Gulistan Textile Mills Limited
Gulistan Textile Mills Progress Report for Quarter Ended Sept 30, 2026
Official PSX filing title: PROGRESS REPORT FOR THE QUARTER ENDED 30-09-2026
- Filed
- 14 October 2026 at 3:09 pm
- Category
- Financials
- Sentiment
- Neutral
- Impact
- Medium
Executive summary
Gulistan Textile Mills Limited submitted its Quarterly Progress Report for the quarter ended September 30, 2026. The company remains non-operational as its assets are being sold under a court-sanctioned Scheme of Arrangement to settle liabilities.
Key takeaways
- The company remains completely non-operational with no commercial production or business operations carried out during the quarter ended September 5, 2026.
- All assets of the company are being sold under the supervision of an Asset Sale Committee to settle existing liabilities with secured creditors under a court-sanctioned Scheme of Arrangement.
- Proceeds from the asset sale are being distributed by the Agent Bank among secured creditors on a pari passu basis.
- The company does not currently envisage the commencement or resumption of commercial production or business operations under existing circumstances.
Filing details
Financial results
Quarterly · Unaudited · 30 September 2026
- Implementation of the Scheme of Arrangement under Section 279 of the Companies Act, 2017 for the sale of all assets and settlement of liabilities.
Dividend and entitlement
- Type
- None
- Rate
- 0%
- Notes
- The document is a progress report for the quarter ended 30-09-2026 and contains no declaration of cash dividend, bonus, or rights entitlement.
- #progress report
- #non-operational
- #scheme of arrangement
- #asset sale
Please cross-check with the official PSX filing before making an investment decision.