Karachi, Mian Textile Mills Limited informed Pakistan Stock Exchange that a meeting of the Board of Directors of the Company scheduled to be held on June 29, 2021 at Lahore to consider and approv the investment related matters of the Company along with ancillary matters thereto is in progress.
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-economic 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.