Karachi, Mian Textile Mills Limited informed Pakistan Stock Exchange that the resolution passed and adopted by the members in the Annual General Meeting of the Company held on August 03, 2021.
The agenda of the meeting will be confirming the minutes of Extraordinary General Meeting held on June 30, 2021, 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 appoint auditors for the year ending June 30, 2021 and fix their remuneration and to transact any other business with the permission of the chair.
Mian Textile Industries Limited, “the Company”, was incorporated in Pakistan on December 01, 1986 as a Public Limited Company under the Companies Ordinance, 1984. Its shares are quoted on Karachi and Lahore Stock Exchanges. The registered office of the Company is situated at 29-B/7, Model Town, Lahore and its manufacturing facilities are located at 48.5 K.M. Multan Road, Bhai Pheru, Tehsil Chunian, District, Kasur. The Company is principally engaged in the business of manufacturing, sale and export of textile products. Due to the un-economical condition the production of own yarn and cloth was closed down and conversion services were extended to other parties. Weaving section building and Spinning section machinery, factory building has been leased to third parties.
The symbol “MTIL” is being used by the stock exchange for the Mian Textile Mills Limited.