Karachi, DewanFarooque Spinning Mills Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 23, 2018.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2017 which portrayed a loss of Rs. 122,860,103 with loss per share 1.26 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from February 16, 2018 to February 23, 2018 (both days inclusive).
DewanFarooque 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 DewanFarooque Spinning Mills.