Colony Textile Mills Limited has applied to the Securities and Exchange Commission of Pakistan (SECP) for an additional 30 days to submit its quarterly financial statements for the first quarter ended September 30, 2026.
In a notice submitted to the Pakistan Stock Exchange (PSX) on October 30, 2026, the company informed investors that it had requested an extension under Section 237 of the Companies Act, 2017, citing prevailing circumstances that have affected its ability to finalize and circulate the financial statements within the prescribed timeframe.
The company explained that the preparation of its first-quarter financial statements has been affected by the pending approval of its annual financial statements for the financial year ended June 30, 2026. According to the filing, the delay has made it difficult to complete the quarterly reporting process within the statutory deadline.
Colony Textile Mills also referred to an earlier approval granted by SECP on October 14, 2026, allowing the company an extension until November 27, 2026, to convene its Annual General Meeting (AGM) and present its audited financial statements for the financial year ended June 30, 2026.
Considering these circumstances, the company has requested the SECP to grant a further 30-day extension for filing its quarterly financial statements for the September 2026 quarter.
The company has stated that it will immediately inform the Pakistan Stock Exchange once approval of the extension is received from the SECP.
The development is relevant for shareholders and investors monitoring the company’s financial reporting schedule. The requested extension is intended to provide additional time for completing the reporting requirements while the approval process for the previous financial year’s accounts remains pending.
Investors should note that the filing represents a request for an extension, not confirmation that the SECP has approved the additional time. The company’s subsequent regulatory announcements will provide further clarity on the filing timeline.
