Karachi, Faisal Spinning Mills Limited informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on December 29, 2018 at Karachi.
The agenda of the meeting will be confirming the minutes of the 31st Annual General Meeting held on October 25, 2018, to elect Directors of the Company for a period commencing from December 29, 2018 till December 28, 2021 in terms of section 159 of the Companies Act, 2017 and to transact any other business with the permission of the chair.
Further, the closed period of the company is from December 22, 2018 to December 29, 2018 (both days inclusive).
Faisal Spinning Mills Limited is a Pakistan-based company, which is engaged in the manufacturing and sale of yarn and fabric. The Company’s segments are Spinning, Weaving and Power Generation. The Company’s production facilities are located at Nooriabad District, Dadu in the province of Sindh and Feroz Watwan, District Sheikhpura in the Province of Punjab. The Company offers textile products to local and international markets. The Company is a part of the textile group of Umer Group.
The symbol “FASM” is being used by the stock exchanges for the shares of Faisal Spinning Mills Limited.