Annual general meeting of Gadoon Textile Mill Limited to be held on September 28, 2021

Karachi, Gadoon Textile Mill Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on September 28, 2021 at Peshawar.

The agenda of the meeting will be confirming the minutes of Annual General Meeting held on October 28, 2020, to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended June 30, 2021 together with the Directors and Auditors Reports thereon, to approve the final cash dividend @ 120% i.e. Rs.12/- per ordinary share for the year ended June 30, 2021 as recommended by the Board of Director, to appoint auditors for the year ending June 30, 2022 and fix their remuneration and to transact any other business with the permission of the chair.

Further, the closed period of the company is from September 21, 2021 to September 28, 2021 (both days inclusive).

Gadoon Textile Mill Limited was incorporated in 1988 as a public limited Company in a group of Yunus Brothers Group (YBG). The principal activity of the Company is manufacturing and sale of yarn and knitted fabrics. Y.B. Holdings (Private) Limited is the Ultimate Holding Company of the Group.

Gadoon Textile Mills Limited has a portfolio of yarn counts, including those of 100% cotton (combed and carded), as well of Polyester, Viscose, Acrylic, Lycra, Trilobal, Melange and Cotton.

The Company is listed on Pakistan Stock Exchange Limited and the total number of shares of the Company are 28,029,583. Earnings per shares of the Company is 1.62 in 2020 which was 41.61 in 2019. Their Profit after Taxation is 45,499,000 in 2020 which was 1,166,293,000 in 2019.