Karachi, Khalid Siraj Textile Mills Limited informed Pakistan Stock Exchange that pursuant to the authority of the special resolution passed by the shareholders in the extraordinary general meeting held on April 30, 2021, the Company has been lease out M/s ASM Industries (Private) Limited for three years on rental amount Rs. 2.20 Million per month, of which was 75% of rental amount will be deducted by licensee against initial investment incurred by the licensee to restore the machinery of unit into operations.
Khalid Siraj Textile Mills Limited is one of the Textile Products in Lahore, Punjab. Production Capacity is 29, 80,277 Kgs Converted Into 30/S Cotton Yarn and the Mill Installed has 17,280 Spindles.
The symbol “KSTM” is being used by the stock exchanges for the shares of Khalid Siraj Textile Mills Limited.