Karachi, Fateh Industries Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Hyderabad on February 22, 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. 1,582,315 with loss per share 0.79 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Fateh Industries Ltd is a Shoe Manufacturing Unit based in Hyderabad. They have the capacity to produce 1.2 million pairs per annum. Our company has all the modern equipment to produce high quality leather shoes. In past they have been working with high class brands such as Bally, Balitimoore and many others. They are working in local market with our high quality brand ARINO.
The symbol “FIL” is being used by the stock exchange for the shares of Fateh Industries Limited.