Zahidjee Textile Mills Limited has announced the closure of its weaving unit, which consists of 262 weaving looms, as part of operational adjustments to meet business requirements and operating conditions.
- Closure of the weaving unit is a strategic decision in response to current business needs.
- The unit's closure may impact production capacity and operational efficiency.
- This decision aligns with regulatory compliance under the Securities Act, 2015.
- The company aims to optimize operations amidst changing market conditions.