Paramount Spinning Mills Limited has submitted a progress report for the quarter ended September 30, 2026, indicating its continued non-operational status following a Scheme of Arrangement sanctioned by the High Court of Sindh.
- The Company remains non-operational, with no commercial production or business activities during the quarter.
- All assets have been sold to settle existing liabilities, with proceeds distributed among secured creditors.
- The Company is in the early stages of evaluating strategic options for the future, pending regulatory approvals and resources.
- There are no anticipated changes in operational status in the near term.