Karachi, Towellers Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on October 26, 2022 at Karachi.
The agenda of the meeting will be confirming the minutes of Annual General Meeting held on October 27, 2021, to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended June 30, 2022 together with the Directors and Auditors Reports thereon, to appoint auditors for the year ending June 30, 2023 and fix their remuneration and to transact any other business with the permission of the chair.
Further, the closed period of the company is from October 19, 2022 to October 26, 2022 (both days inclusive).
“The company was incorporated in Pakistan as a private limited company on May 31, 1973 and subsequently converted into a Public Limited Company on June 22, 1994. The principle activity of the company is to manufacture and export textile make ups, garments and towels. The company is currently maintains in-house processing, weaving, knitting and finishing facilities.
Incorporated in 1987, the Towellers knit apparel division is vertically integrated unit that manufactures 6 million units annually and has the diversity of producing basic lines along with washed and embellished value added collections
The total numbers of shares are 17,000,000. The Earnings per share is 14.18 in 2020 which was 23.69 in 2019. The Profit after Taxation is 275,894,000 in 2020 which was 402,684,000 in 2019.”