Unusual Movement in Price or Volume of Shadman Cotton Mills Limited

Karachi, Shadman Cotton Mills Limited informed Pakistan Stock Exchange that they have no formal means of knowing what speculation is circulating in the market and unable to directly address these. They also inform that they do not have any knowledge of any material information that may have resulted in the increase in market price of the Company and which has not previously been disclosed to the market.

Shadman Cotton Mills Limited is a company incorporated in Pakistan in 1979. It is a producer and seller of quality ring spun yarns. It has more than 56,000 spindles for high quality yarn manufacturing. The company offers a variety of ring spun yarns with a range of natural and man-made fibres. The spinning mills of the company are located in Sheikhupura, Pakistan. The offices of the company are located in Lahore. The shares of the company are quoted on Karachi Stock Exchange of Pakistan. The registered office of the company is located at Lahore.

The symbol “SHCM” is being used by the stock exchange for the shares of Shadman Cotton Mills Limited.