Election of Directors of AEL Textile Limited

Karachi, AEL Textile Limited informed Pakistan Stock Exchange about the Board of Directors have also Decided to hold extraordinary general meeting of the shareholders of the company held on February 24, 2023 at Karachi.

The share Transfer Books of the Company will remain closed from February 17, 2023 to February 24, 2023 (both days inclusive)

“Arshad Energy Limited is a public limited company incorporated in Pakistan on 20 February 1994. The Company is engaged in the business of generation and distribution of electricity through furnace fired power station having gross capacity of 12 MW in Tehsil Jaranwala, District Faisalabad, and Punjab, Pakistan.

The total numbers of shares are 8,000,000. The Earnings per share is (3.23) in 2020 which was (1.96) in 2019. The Company had a loss of Rs. 25,859,000 in 2020 which was 15,684,000 in 2019.”