Karachi, Sitara Chemical Industries Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 22, 2020 at Faisalabad. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2020.
Further, the company has declared the closed period from September 16, 2020 to September 22, 2020.
Sitara Chemical Industries Limited is a company incorporated in Pakistan on September 8, 1981. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activities of the Company are operation of Chlor Alkali plant and yarn spinning unit. The Company is currently organized into two operating divisions and these divisions are the basis on which the Company reports its primary segment information. Principal business activities are Chemical Division Manufacturing of caustic soda and allied products and Textile Division Manufacturing of yarn and fabric. The manufacturing facilities are located at Faisalabad in the province of Punjab. The shares of the company are quoted on Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Karachi.
The symbol “SITC” is being used by the stock exchange for the shares of Sitara Chemical Industries Limited.