Board of directors meeting of Reliance Weaving Mills Limited

Board Meetings

Karachi, Reliance Weaving Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 29, 2021 at Multan. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from September 22, 2021 to September 29, 2021.

Reliance Weaving Mills Ltd was founded by late Mr. Mukhtar Ahmed Sheikh more than two decades ago and is headquartered in Multan (Pakistan). The Company obtained certificate of Commencement of Business on 14 May, 1990. Initially it has started its production as weaving unit but later it also involved in manufacturing of yarn.

At present the Company is having two weaving units consisting of 295 looms with fully equipped state-of-the-art computerized back process comprising of warping and sizing machines and two spinning units comprising 35,520 spindles. Major activities of the Company include manufacturing and export of cotton and synthetic yarn, manufacture and export of woven and processed fabrics.

The total numbers of shares the company has introduced are 30,810,938. The Earnings per share is 1.99 in 2020 which was 16.32 in 2019. The Profit after Taxation is 61,270,000 in 2020 which was 502,805,000 in 2019.