KOHINOOR
E X T I L E I L L S L T D
Tbe General Manager,
Pakistan Stock Exchange Limited, Stock Exchange Building.
Stock Exchange Road, Karachi.
PUCARS / Courier KTML/PSX-17/122
September 25, 2025
Subject: SUBMISSION OF AUDITORS' REPORT IN RESPECT OF
FREE FLOAT OF SHARES AS ON JUNE 30, 2025
Dear Sir,
In conformity w'itli requirement of the Regulation No. 5.7.2(b)(ii) ot Pakistan Stock Exchange Limited. we are pleased to enclose herewith Auditors' Certificate / Report on Statement of Free Float of Shares of the Company for your record and reference.
You may please infomi the TRE Certificate Holders of the Exchange accordingly.
Yours faithfully,
For Kohinoor Textile Mills Limited,
(Muhamm
Comptihy Secretary
Encl. As above
Head Office: 42 Lawrence Road Lahore, Pak is tan | 92 J2 363 0226 1 G2
Riaz Ahmad & Company
Chartered Accountants
t0-B, Saint I'4ary Park
I'4ain Boulevard, Gulberg-UI Lehore 54660, Pakistan
T:•92(*Z)Z571OI37-9
racolhrmracopk.com www. .com
I
To the Chief Executive of Kohinoor Textile riills Limited
Introduction
We have been engaged to perform a reasonable assurance engagement on the annexed Statement of Free Float of Shares ("the Statement") of Kohinoor Textile Mills Limited, ("the Company's as of 30 September 2024, 31 December 2024, 31
March 2025 and 30 June 2025.
Applicable Criteria
The criteria against which the Statement is assessed is Regulation No. 5.7.2(b)(ii) of Pakistan Stock Exchange Limited Regulations ("PSX Regulations'g which requires every Jisted company to submit directly to Pakistan Stock Exchange ("PSX") an annual Free-Float Certificate duly verified by the auditor.
Nanagement's Responsibility for the Statement
Management is responsible for the preparation of the Statement as of 30 September 2024, 31 December 2024, 31 Narch 2025 and 30 June 2025 in accordance with the applicable criteria. This responsibility includes maintaining adequate records and internal controls as determined necessary to enable the preparation of the Statement such that it is free from material misstatement, whether due to fraud or error.
Our Independence and Quality Control
We have complied with the independence and other ethical requirements of the Code of Ethics for Chartered Accountants issued by the Institute of Chartered Accountants of Pakistan, which is founded on fundamental principles of integrity, objectivity, professional competence and due care, confidentiality and professional behavior.
r›cNe‹a
The firm applies International Standard on Quality Management (ISQM) 1 "Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements", which requires the firm to design, implement and operate a system of quality management including policies or procedures regarding compliance with ethical requirements, professional standards and applicable legal and regulatory requirements.
Internatlonal
Company
RharterAhccouatdntsOur Responsibility and Summary of the Work Performed
Our responsibility is to carry out an independent reasonable assurance engagement and to express an opinion as to whether the Statement is prepared in accordance with the applicable criteria, based on the procedures we have performed and the evidence we have obtained.
We conducted our reasonable assurance engagement in accordance with International Standard on Assurance Engagements 3000 (Revised), 'Assurance Engagements Other than Audits or Reviews of Historical Financial Information' (ISAE 3000) (Revised) issued by the International Auditing and Assurance Standards Board. That standard requires that we plan and perform this engagement to obtain reasonable level of assurance about whether the Statement is free from material misstatement.
A reasonable assurance engagement in accordance with ISAE 3000 (Revised) involves performing procedures to obtain evidence about the free float of shares and related information in the Statement. The nature, timing and extent of procedures selected depend on the practitioner's judgment, including the assessment of the risks of material misstatement, whether due to fraud or error, in the Statement. In making those risk assessments, we considered internal control relevant to Kohinoor Textile Mills Limited's preparation of the Statement. A reasonable assurance engagement also includes assessing the applicable criteria used and significant estimates made by management, as well as, evaluating the overall presentation of the Statement.
We have carried out the procedures considered necessary for the purpose of providing reasonable assurance on the Statement. Our assurance procedures performed included verification of information in the Statement with the underlying data and record comprising of Central Depository Company statements, forms submitted by the Company with Securities & Exchange Commission of Pakistan relating to its pattern of shareholding and other related information. Verification that the computation of free float of shares is in accordance with the PSX Regulations
also forms part of our assurance procedures.With respect to identification of associates of an individual as defined in section 2(ii)(a) of the Securities Act, 2015, we have obtained and relied on management's representations that are based on written declarations from individuals (i.e. directors, sponsors and senior management officers of the Company) about their associates.
We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Riaz Ahmad & Company
Chartered Accountants
Opinion
In our opinion, the Statement as of 30 September 2024, 31 December 2024, 31 March 2025 and 30 June 2025 is prepared, in all material respects, in accordance with the PSX Regulations.
Emphasis of matter
We draw attention to Note 1 of the Statement which more fully explains the reasons for treating the specified shares as free float. Our opinion is not modified in respect of this matter.
Restriction on Use and Distribution
This report is issued in relation to the requirements as stipulated under Regulation No. 5.7.2(b)(ii) of the PSx Regulations and is not to be used or distributed for any other purpose. This report is restricted to the facts stated herein and the attachments.
RIA F1AD & C PANY
Name of engage t partner: Mubashar Nehmood
Date: 07 August 2025
i
LAHORE
Total OuDtanding Shaes
KOHINOOR
T E X T I L E M I L L S L T D .
STATEMENTOFFREEFLOATOFSHARES
Aa of 30 As of 31 As of As of September December 31 l¥larch 30 June
2024 2024 2025 2025
269,299,456 269,299,456 269,299,456 269,299,456
Less: Government Holdings (Note 1)
Less: Shares held by DiMors / Sponsor / Senior Management Officers and their associates(Note 2)
Less: Shams hed by Asmciate compnies / Gmup Companbs (Cioss holdngs)
Less: Shaes issued under Employees Stock Option Schemes that cannot be sold in the open market in nomal course
Leas: Teasury shams
Leas: Any other category that are barred from selling at the review date
(217,928,399) | (217,928,399) | (217,928,399) | (217,928,399) |
(1,857,187) | (1,856,476) | (1,843,035) | (1,829.@8) |
(219,785,586) (219,784,875) (219,771,434) (219,757,447)
Free Float 49,513,870 49,514,581 49,526,022 49,542,009
Basle of Prapantion: This Staterrnnt is pepaml in accodance wilh the requirenants of Regulation No. 5.7.2(b){J) of Pakistan Stoct Exchange Limited Regulations (PSX Regulations).
Share held by following Government entities have been considered ftse fbat as there are no restñctions on sale of such shares by respective Government entities and are not strategic investment by respective Gowmrtant entities:
As of 30 | As of 31 | As of | As of |
September | December | 31 March | 30 June |
2024 | 2024 | 2025 | 2025 |
National Bank of Pakistan 2,086 | 2,086 | 2,086 | 2,086 |
t61,269 | 161,269 | 161,269 | 161,269 | |||
163,376 | 163,355 | 163,355 | 163,355 |
State Life Insurance Corporation of Pakistan 21
Federal Board of Revenue
Note 2:"Sponsors" has the same meaning as defined in Tha Companies (Issue of Capital) Rules, 1996. 'Senior Management Officer' and 'Associates" have the same meaning as defined in the Securities Act, 2015.
Head Office: 42-Lawrence Road, Lahore, Pakistan } 92-42-36302261/62
https://www.km Ig.com