Subscription of Right Shares of Service Fabrics Limited

Karachi, Service Fabrics Limited informed Pakistan Stock Exchange to issuance of 1,486%, right shares @ Rs. 10 per share by the Company on July 29, 2021, and they informed that the directors and substantial shareholders of the Company have subscribed their portion of right shares amounting to Rs. 339,476,700/-

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.