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Progress Report of Samin Textiles Limited

Karachi, Samin Textiles Limited informed Pakistan Stock Exchange that the management of the Company is currently in the process of shortlisting, among which most appropriate candidates shall be selected for retail business. Moreover, discussion with the lender has been initiated by the Company for the possible working capital facilities, which will indeed take some time before an interest is received. With respect to retail space and areas of operation, market research has been initiated to identify potential location and possible areas of operation that could be undertaken.

Samin Textiles Limited is a public limited company incorporated in Pakistan on November 27, 1989. The foundations of the company are laid under the Companies Ordinance, 1984. The principal business activity of the Company is manufacturing and sale of cloth. The mill is situated at District Kasur in the Province of Punjab. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Lahore.

The symbol “SMTM” is being used by the stock exchange for the shares of Samin Textiles Limited.