Board Meeting other than Financial Result of Ashfaq Textile Mills Limited

Karachi, Ashfaq Textile Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on May 20, 2022 at Karachi to consider the approve Annual Budget for the Year 2019-2020.

Further, the company has declared the closed period from May 13, 2022 to May 20, 2022.

Ashfaq Textile Limited was incorporated in Pakistan on January 14, 1988 as a private limited company and subsequently converted into a public limited company. The business of the Company is manufacturing and sale of textiles and rendering of sizing and conversion services.

The total numbers shares are 38,483,500. The Earnings per share is 0.43 in 2020 which was 0.10 in 2019. The Profit after Taxation is 15,095,000 in 2020 which was 3,454,000 in 2019.