Karachi, Dewan Farooque Spinning Mill Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 26, 2019.
The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2019 which portrayed a loss of Rs. 54,739,166 with loss per share 0.56 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Dewan Farooque Spinning Mills Limited is a company incorporated in Pakistan on December 22, 2003 as public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is manufacturing and sale of yarn. The company has a installed capacity of 28,800 spindles. The shares of the company are listed on the Karachi Stock Exchange. The registered office of the company is located at Karachi. The manufacturing facility of the company is located at Lahore.
The symbol “DFSM” is being used by the stock exchanges for the shares of Dewan Farooque Spinning Mills.