Karachi, Service Fabrics Limited informed Pakistan Stock Exchange that the Company pertaining to right issue amounting to Rs. 2.3 billion (1486 % – 234 million shares @ Rs 10 each) and subsequent correspondence on august 13, 2021. August 16, 2021 and email on August 23, 2021 regarding the captioned subject.
Service Fabrics Limited (SFL) is a public limited company (listed on Stock Exchanges). The company was incorporated in 1987 and is equipped with 96 Sulzer shuttleless looms, sizing from Zell and warping from Beninger. The project is situated at Manga, Lahore, with a capacity to produce nearly 20.000 million meters grey cloth per annum of various constructions. Almost entire production of the company is being exported to Far East & Europe with more than Rs. 725,000 million annual sales. In 1997, Service Fabrics was awarded a special merit trophy from the Federation of Pakistan Chamber of Commerce and Industry (FPCCI).
The symbol “SERF” is being used by the stock exchanges for the Service Fabrics Limited.