Karachi, Shadab Textile Mills Limited informed Pakistan Stock Exchange that the Board of Directors of the Company in their Meeting held on April 10, 2019 has appointed Mian Farrukh Naseem as Chairman of the Board and Mian Aamir Naseem as Chief Executive of the Company with effect from April 10, 2019 for a period of three years.
“Shadab Textile Mills Limited is a public limited company incorporated in Pakistan on August 19, 1979. The business of the company commenced on November 18, 1979. The foundations of the company are laid under the Companies Ordinance, 1984. The principal business activity of the company is manufacturing and sale of all types of yarn products. The spinning plant of the company is set at District Sheikhupura in the province of Punjab which went into production in February, 1982. 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 “SHDT” is being used by the stock exchange for the shares of Shadab Textile Mills Limited.”