Karachi, Feroze 1888 Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 31, 2021.

The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2021 which portrayed a profit of Rs. 4,311,291 with earnings per share 11.44 basic and diluted respectively.

Further, 14.3% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from October 22, 2021 to October 28, 2021 (both days inclusive).

Feroze 1888 Mills Limited was incorporated in Pakistan as a public limited company in October 1972. The Company is principally engaged in the production and export of towels.

The shares of the company are quoted on the Pakistan Stock Exchange that are 376,800,968. The Earnings per shares of the Company is 7.80 in 2020 which was 15.90 in 2019. Their Profit after Taxation is 2,937,221,000 in 2020 which was 5,989,810,000 in 2019.