Board of directors meeting of Shams Textile Mills Limited

Board Meetings

Karachi, Shams Textile Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 30, 2021 at Lahore. 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 24, 2021 to September 30, 2021.

Shams Textile Mills Limited is a public limited company incorporated in Pakistan. The company is engaged in the business of manufacturing, sale and trading of yarn and trading of cloth.

A 22,176 spindle-spinning unit located at Shahkot has the capacity of producing 442,000 Kg (approx.) A specialized yarn based new spinning unit of 12,096 spindles has been added to the existing facilities of the Company at Shahkot to cater the demand of coarse count Slub, Multi and Lycra yarns.

With 3 units, a total of 59,232 spindles that produce 1,658,480 Kg/month of yarn Shams Textile is one of the major yarn suppliers in the market.

The total number of shares are 8,640,000. The Earning per share is (16.23) in 2020 which was 5.02 in 2019. The Profit After Taxation in 2020 is Rs. (140,206,000) which was 43,386,000 in 2019.