Karachi, Yousaf Weaving Mills Limited informed Pakistan Stock Exchange about the recommendations made by the Board of Directors in the meeting held at Lahore on November 05, 2019.
The agenda of the meeting was discussion of profit and loss account for year ended June 30, 2019 which portrayed a loss of Rs. 74,291,333 with loss per share 0.83 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 November 21, 2019 to November 27, 2019 (both days inclusive).
“Yousaf Weaving Mills Limited is a company incorporated in Pakistan as a public limited company on January 17, 1988. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is engaging in the business of textile weaving, spinning and sale of processed fabrics, home textile and dairy products. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Chakwal.
The symbol “YOUW” is being used by the stock exchange for the shares of Yousaf Weaving Mills Limited.”