Board of directors meeting of Shahtaj Textile Limited

Board Meetings

Karachi, Shahtaj Textile Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 29, 2021 at Karachi. 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.

Shahtaj Textile Limited is limited by shares, incorporated in Pakistan on January 24, 1990, as a public limited company. The principal business of the company is to manufacture and sell textile goods.

The mills went into commercial production in January 1992. Their production facilities are situated in the hub of Textile Industries near Lahore (Pakistan) and are equipped with the most advanced high speed Toyoda and Picanol Air Jet Looms of Japanese and Belgium origin. Starting with 72 looms now the number of installed looms is 178 with complete back up process and stand-by self-power generation.

The total numbers of shares are 9,660,000. The Earnings per share is 7.51 in 2020 which was 19.47 in 2019. The Profit after Taxation is 72,571,000 in 2020 which was 188,049,000 in 2019.