Kohinoor Industries Ltd

Kohinoor Industries Limited rthe Company] was incorporated Pakistan under the repealed Companies Ordinance, 1984 (now Companies Act. 2017) on 31 August 1948. The Company is a Public Company Limited by Shares and is listed on Pakistan Stock Exchange Limited. The Company was initially engaged in manufacture and sale of yarn. However, the Board of Directors of the Company in its meeting held on 30 April 2008 decided to close the business as due to increase in prices of raw material and other inputs without increase in yam sates prices in the local and international market, the operations of the textile unit had become uneconomical and huge losses were expected to arise if the business was carried on. Subsequently, the Company amended its memorandum of association to include in its objects, leasing out of its land end buildings under operating lease arrangements, as and when considered fit.