Karachi, Sally Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on Lahore 26, 2020.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2019 which portrayed a loss of Rs. 70,928 with loss per share 8.08 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Sally Textile Mills Limited is a company incorporated in Pakistan. It is a public limited company the foundations of which are laid under the Companies Ordinance, 1984. The principal business activity of the company is a spinning unit engaged in the manufacture and sale of yarn. The manufacturing facility of the company includes a power generation unit located at Joharabad District Khushab in the province of Punjab. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Lahore.
The symbol “SLYT” is being used by the stock exchange for the shares of Sally Textile Mills Limited.