Karachi, Service Fabrics Limited informed Pakistan Stock Exchange that the board of directors of the company have decided to issue 234,116,328 right shares i.e 1486% at par of Rs. 10 per share.
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.