Gul Ahmed Textile Mills Limited has announced plans to establish four wholly-owned subsidiaries focused on specialized textile operations under sustainable practices, according to a notification sent to the Pakistan Stock Exchange on Friday.
The company’s Board of Directors approved the formation of these subsidiaries via circulation on March 13, 2025, as part of its strategy to transition to renewable energy sources and meet export market requirements for sustainability.
“The management is of the view that such businesses and initiatives be commenced under four separate wholly-owned subsidiaries of the Company,” stated the board resolution attached to the notification.
Each subsidiary will operate as a private limited company under the Companies Act 2017, with Gul Ahmed Textile Mills Limited maintaining 100% ownership of shares. The subsidiaries will comply with all applicable Securities and Exchange Commission of Pakistan (SECP) regulations, including necessary filings under the Companies Act.
This strategic move appears to be part of Gul Ahmed’s broader initiative to adapt to evolving market demands, particularly from international buyers who increasingly require sustainable production practices from their suppliers. The company also aims to reduce its dependency on fossil fuel-based power through these new ventures.
Gul Ahmed Textile Mills, one of Pakistan’s leading textile manufacturers, has been working to strengthen its position in both domestic and export markets.
