Pakistan Company News

Board of Directors meeting of Nishat Chunian Limited

Karachi, Nishat Chunian Limited informed Pakistan Stock Exchange that Board of Directors meeting of the Company will be held on April 30, 2019 at Lahore. The agenda of the meeting will to consider the Quarterly Accounts for the period ended March 31, 2019.

Further, the company has declared the closed period from April 23, 2019 to April 30, 2019.

“Nishat Chunian Limited is a company incorporated in Pakistan. The foundations of the company were laid in 1990 under the Companies Ordinance, 1984. The company is engaged in business of spinning, weaving, dyeing, printing, stitching, processing, doubling, sizing, buying, selling and otherwise dealing in yarn, fabrics and made-ups made from raw cotton, synthetic fibre and cloth and to generate, accumulate, distribute, supply and sell electricity. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Lahore.

The company operates with 210,000 spindles and 293 air jet looms with a monthly production capacity of 7.5 million lbs of yarn and 4.0 million yards of greige fabric. The dyeing & finishing unit has a capacity of 3.5 million yards per month supported by an equivalent stitching capacity. The company is GOTS certified for the production of 100% Organic yarns, fabrics and finished made-ups, Oeko-Tex certified, Cotton USA certified, Sedex Certified, Lycra Accredited, Supima Licensee, ISO 9001:2008 certified, BSCI , JC Penney, Kohl’s and CT-PAT compliant. NCL is an active member of All Pakistan Textile Mills Association, Lahore Chamber of Commerce and Industry and All Pakistan Bedsheets and Upholstery Manufacturers Association.

The symbol “NCL” is being used by the stock exchanges for the shares of Nishat Chunian Limited.”