Masood Textile Mills reports revised paid-up capital after redemption of cumulative preference shares
Corporate ActionMasood Textile Mills Limited disclosed that 4,440,000 cumulative preference shares held by Habib Bank Limited were redeemed and cancelled during July 2026. The preference-share paid-up capital consequently decreased from 27,500,000 shares to 23,060,000 shares. CDC confirmed cancellation effective October 13, 2026, and the auditors certified the revised capital and completion of required formalities.
Key Findings
- 4,440,000 cumulative preference shares held by Habib Bank Limited were redeemed and cancelled.
- Preference shares outstanding decreased from 27,500,000 to 23,060,000.
- CDC confirmed the cancellation at the end of October 13, 2026.
- The auditors certified the revised paid-up capital and stated payment was made to the preference-share holder.
Corporate Action Details
Action
Redemption and cancellation of cumulative preference shares
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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.
