Pakistan Company News

Election of Directors of Shadab Textile Mills Limited

Karachi, Shadab Textile Mills Limitedinformed Pakistan Stock Exchange that seven persons have been elected as Directors of the Company for a term of three years with effect from March 28, 2019 in accordance with the provisions of section 159 of the Companies Act, 2017 in the Extraordinary General Meeting of Shareholders of the Company held on March 28, 2019.

Shadab Textile Mills Limited is a public limited company incorporated in Pakistan on August 19, 1979. The business of the company commenced on November 18, 1979. The foundations of the company are laid under the Companies Ordinance, 1984. The principal business activity of the company is manufacturing and sale of all types of yarn products. The spinning plant of the company is set at District Sheikhupura in the province of Punjab which went into production in February, 1982. The shares of the company are quoted on Karachi Stock Exchange of Pakistan. The registered office of the company is located at Lahore.

The symbol “SHDT” is being used by the stock exchange for the shares of Shadab Textile Mills Limited.