Karachi, Idress Textile Mills Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on October 28, 2020 at Karachi.
The agenda of the meeting will be confirming the minutes of Annual General Meeting held on October 28, 2019, to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended June 30, 2020 together with the Directors and Auditors Reports thereon, to appoint auditors for the year ending June 30, 2021 and fix their remuneration, to elect seven Directors of the Company as fixed by the Board in accordance with the provisions of section 159 (1) of the Companies Act 2017 for the term of three years and to transact any other business with the permission of the chair.
Further, the closed period of the company is from October 26, 2020 to November 01, 2020 (both days inclusive).
Idrees Textile Mills Limited is a company incorporated in Pakistan as an unquoted public limited company in 1990. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is manufacturing and sale of yarn and fabric. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan.
Associated companies include Bilal Omair Textile Mills Private Limited and Shama Enterprises Private Limited.
The symbol “IDRT” is being used by the stock exchanges for the shares of Idrees Textile Mills Limited.