Karachi, Shams Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore 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. 1,551 with loss per share 0.18 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Shams Textile Mills Limited is a public limited company incorporated in Pakistan. The foundations of the company are laid under the Companies Ordinance, 1984. The company is engaged in the business of manufacturing, sale and trading of yarn and trading of cloth. It produces carded, combed, multi count, multi twist, slub and compact yarn. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges in Pakistan. The registered office of the company is located at Lahore.
The symbol “STML” is being used by the stock exchanges for the shares of Shams Textile Mills Limited.