Karachi, Samin Textiles Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore 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. 84,109,918 with loss per share 3.15 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 15, 2018 to February 23, 2018 (both days inclusive).
Samin Textiles Limited is a public limited company incorporated in Pakistan on November 27, 1989. The foundations of the company are laid under the Companies Ordinance, 1984. The principal business activity of the Company is manufacturing and sale of cloth. The mill is situated at District Kasur 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 “SMTM” is being used by the stock exchange for the shares of Samin Textiles Limited.