Karachi, Suraj Cotton Mills Limited informed Pakistan Stock Exchange that the resolution passed and adopted by the shareholders of the Company in its Extraordinary General Meeting held on June 28, 2021 through video link, to transact, the approval of the members of the Company be and is hereby accorded and the Company be and is the Companies Act, 2017 to make further long term equity provisions of Rs. 8,242,500/- by way of subscription of 412,125 Right Shares at a price of Rs. 20/- each including a premium of Rs. 10/- each of M/s the Crescent Textile Mills Limited an associated Company.
Suraj Cotton Mills Limited is a company incorporated in Pakistan. It is a public limited company the foundations of which are laid under the Companies Ordinance, 1984. The principal business activity of the company is a manufacture, trading and sale of yarn. It is also engaged in the processing of cloth. 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 “SURC” is being used by the stock exchange for the shares of Suraj Cotton Mills Limited.