GSPM · Gulshan Spinning Mills Limited
Transmission of Annual Audited Accounts 30-06-2026
- Filed
- 7 October 2026 at 3:24 pm
- Category
- Financials
- Sentiment
- Bad
- Impact
- High
AI executive summary
Gulshan Spinning Mills Limited reported its annual audited financial statements for the year ended June 30, 2026, showing a net loss after taxation of PKR 44.39 million (loss per share of PKR 2.00). The auditor issued a qualified opinion and emphasized that the company is no longer a going concern due to lack of operations, closed manufacturing units, and ongoing restructuring/litigation with banks.
Key takeaways
- Loss after tax for the year ended June 30, 2026, widened to PKR 44,388,776 compared to a loss of PKR 8,025,049 in the previous year.
- Basic and diluted loss per share increased to PKR 2.00 for FY2026 compared to PKR 0.36 in FY2025.
- The company reported zero sales and revenue for the year, with its manufacturing operations remaining completely closed due to working capital shortages.
- Independent auditors issued a qualified opinion and highlighted a material uncertainty regarding the company's going concern status as it operates under a non-going concern basis.
- No dividend has been declared for the financial year ended June 30, 2026.
Filing details
Financial results
Annual · Audited · Standalone · 30 June 2026
Figures in Rupees
Reporting period
Year
- Income
- 0 (prior 0)
- Profit after tax
- -44,388,776 (prior -8,025,049)
- EPS
- -2 (prior -0.36)
- The board determined that the going concern basis of preparation is no longer appropriate, and the financial statements have been prepared on a non-going concern basis under a Scheme of Arrangement.
Dividend and entitlement
- Type
- None
- Notes
- The announcement is only for the transmission of annual financial statements for the year ended 2026-06-30 and does not declare any dividend or corporate entitlement.
- #financial-results
- #annual-accounts
- #gspm
- #spinning-mills
This summary is AI-generated and may contain errors or omissions. Review the official PSX filing before making an investment decision.