Zahidjee Textile Mills Limited has announced the closure of its weaving unit consisting of 262 weaving looms, informing shareholders and the general public through a material information notice submitted to the Pakistan Stock Exchange (PSX).
According to the company’s disclosure dated October 16, 2026, the closure was communicated in compliance with Section 96 and Section 131 of the Securities Act, 2015, along with Clause 5.6.1 of the PSX Rule Book.
The company stated that the decision to close the weaving unit forms part of its operational adjustments in response to its business requirements and prevailing operating conditions. However, the disclosure did not provide further details regarding the financial implications of the closure, the number of employees affected, or the future use of the facility.
Zahidjee Textile Mills Limited submitted the notice to the General Manager of the Pakistan Stock Exchange, requesting the dissemination of the information to relevant stakeholders. The company also copied the disclosure to the Securities and Exchange Commission of Pakistan (SECP), in accordance with the applicable regulatory requirements.
The closure of the 262-loom weaving unit marks an operational change for the textile manufacturer as it adjusts its activities to meet its business needs. Investors and market participants may look for further disclosures to assess any potential implications for the company’s production capacity and financial performance.
The company has not announced additional details about its future operational plans in the notice.
