Credit of Bonus Shares of Ashfaq Textile Mills Limited

Karachi, Ashfaq Textile Mills Limited informed Pakistan Stock Exchange that the share certificates in respect of Bonus Shares i.e. 10% for the period ended June 30, 2021 announced on October 28, 2021 have been credited to their respective accounts in the Central Depository System (CDS) of Central Depository Company of Pakistan Limited on November 08, 2021.

Ashfaq Textile Limited was incorporated in Pakistan on January 14, 1988 as a private limited company and subsequently converted into a public limited company. The business of the Company is manufacturing and sale of textiles and rendering of sizing and conversion services.

The total numbers shares are 38,483,500. The Earnings per share is 0.43 in 2020 which was 0.10 in 2019. The Profit after Taxation is 15,095,000 in 2020 which was 3,454,000 in 2019.