Karachi, Towellers Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 25, 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. 15,644,692 with loss per share 0.92 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Towellers Limited is a company for design, manufacturing and production of premium lifestyle products in five environments, bedroom, living room, kitchen and bathroom and institutional. The link with clothing is certain and not just because of the company’s vocation, but also because of the innovative decision to transfer techniques, skills, materials, colors and ideas from households to clothing.
The Symbol “TOWL” is being used by the stock exchange for Towellers Limited.