Pakistan Company News – Delisting of Sargodha Spinning Mills Limited through Buy-back of Shares

Delisting of Sargodha Spinning Mills Limited through Buy-back of Shares

Karachi, Sargodha Spinning Mills Limitedinformed Pakistan Stock Exchange that more than 93% shares held by the sponsor/majority shareholders so board of director decided to delist the Company through Buy back of shares from minority shareholders.

Sargodha Spinning Mills Limited is a public limited company incorporated in Pakistan under the Companies Ordinance, 1984. The company is principally engaged in the manufacturing and trading of yarn made from raw cotton and synthetic fibre and trading of fabric of all types and to generate electricity for internal use. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Lahore.

The main products of the company are production of 100 % cotton yarn, Polyester Viscose blended yarn and Polyester Cotton blended yarn.

The symbol “SRSM” is being used by the stock exchanges for the shares of Sargoda Spinning Mills Limited.