Karachi, Chakwal Spinning Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on January 22, 2020 at Lahore. The agenda of the meeting will to consider the Quarterly Accounts for the period ended September 30, 2019.
Further, the company has declared the closed period from January 16, 2020 to January 22, 2020.
Chakwal group has around 160,000 spindles, which are operationally organized into 6 spinning units; the entire machinery is from world-renowned manufactures. Chakwal Spinning consists of 34,552 Spindles. The flag ship company of Chakwal Group is Kohinoor Spinning comprising of 80,000 spindles, distributed into three separate units which are tailor made to make specialized yarns. The unit has its own in house doubling and is capable of producing 75 tons of cotton and blended yarn per day.
The symbol “CWSM” is being used by the stock exchanges for the shares of Chakwal Spinning Mills Limited.