Pakistan Company News – Material Information of Shahzad Textile Mills Limited

Material Information of Shahzad Textile Mills Limited

Karachi, Shahzad Textile Mills Limitedinformed Pakistan Stock Exchange that the Board unanimously decided to revise the basic salary of Chief Executive to Rs. 1.200 per month from existing salay of Rs. 850,000 per month effective 01 July, 2018. Beside he will also be entitled to company maintained conveyance, and other prerequisite & benefit incidental to his office as per Company policy.

Shahzad Textile Mills Limited is a company incorporated in Pakistan on October 24, 1978. It is a public limited company the foundations of which are laid under the Companies Ordinance, 1984. The principal business activity of the company includes the manufacture and sale of yarn. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Lahore.

The symbol “SZTM” is being used by the stock exchange for the shares of Shahzad Textile Mills Limited.