Intimation Of Relaxation From Consolidation Of Financial Statements Of Fazal Cloth Mills Ltd (Holding Company) With Fazal Gas Distribution Company Ltd (Subsidiary) Under Section 228(7) Of The Companies Act, 2017

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The Securities and Exchange Commission of Pakistan granted Fazal Cloth Mills Limited a relaxation from the requirement of preparing consolidated financial statements with its subsidiary Fazal Gas Distribution Company Limited for the financial year ended June 30, 2026.

Key Findings

Fazal Cloth Mills Limited is exempt from consolidating financial statements with its subsidiary for the mentioned financial year.
The subsidiary did not have active financial operations during the financial year ended June 30, 2026.
This decision is based on the fact that consolidating the subsidiary's financial statements would yield no material difference from the company's standalone financial statements.

Filing Details

Filing

Fazal Cloth Mills Limited is exempt from consolidating financial statements with its subsidiary for the mentioned financial year.

Period

The subsidiary did not have active financial operations during the financial year ended June 30, 2026.

Detail

This decision is based on the fact that consolidating the subsidiary's financial statements would yield no material difference from the company's standalone financial statements.

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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.

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Intimation Of Relaxation From Consolidation Of Financial Statements Of Fazal Cloth Mills Ltd (Holding Company) With Fazal Gas Distribution Company Ltd (Subsidiary) Under Section 228(7) Of The Companies Act, 2017

Key Findings

Filing Details

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