Appointment of Directors, Chairman and CEO of Dewan Farooque Spinning Mills Limited

Karachi, Dewan Farooque Spinning Mills Limited informed Pakistan Stock Exchange that Dewan Abdul Baqi Farooqui, Syed Muhammad Anwar, Mr. Ghazanfar Baber Siddiqi, Syed Maqbool Ali, Mr. Imran Ahmed Javed, Mr. Muhammad Baqar Jafferi and Mr. Aziz-ul-Haque have been elected as the Directors of the Company pursuant to Section 159 of the Companies Act, 2017. The new appointments have taken place on, and are thus effective from, January 27, 2020.

Dewan Farooque Spinning Mills Limited is a company incorporated in Pakistan on December 22, 2003 as public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is manufacturing and sale of yarn. The company has a installed capacity of 28,800 spindles. The shares of the company are listed on the Karachi Stock Exchange. The registered office of the company is located at Karachi. The manufacturing facility of the company is located at Lahore.

The symbol “DFSM” is being used by the stock exchanges for the shares of Dewan Farooque Spinning Mills.