Karachi, Tata Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 26, 2021.
The agenda of the meeting was discussion of profit and loss account for year ended June 30, 2021 which portrayed a profit/ loss of Rs. 823,629,616 with earnings per share 47.54 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from September 27, 2021 to October 05, 2021 (both days inclusive).
Tata Textile Mills Limited is a public limited company incorporated in Pakistan on April 15, 1987. The principal activity of the Company is manufacturing and sale of yarn. The Company is a most modern Spinning Unit consisting of 19,200 Spindles was setup for the manufacturing of Cotton Yarn
The total numbers of shares are 55,993,614. The Earnings per share is (18.98) in 2020 which was 1.89 in 2019. The Profit after taxation is (328,812,000) in 2020 which was 32,810,000 in 2019.