Gulshan Spinning Mills Limited has submitted a progress report for the quarter ended September 30, 2026, indicating its continued non-operational status under a sanctioned Scheme of Arrangement.
- The company remains non-operational and is undergoing a Scheme of Arrangement sanctioned by the High Court of Sindh.
- No commercial production or business operations were conducted during the quarter.
- All assets are being sold under the supervision of the Asset Sale Committee, with proceeds distributed among secured creditors.
- There are no measures taken for resuming operations, and the company does not foresee any changes in its operational status.