Pakistan Company News – Material Information of Glamour Textile Mills Limited

Material Information of Glamour Textile Mills Limited

Karachi, Glamour Textile Mills Limited informed Pakistan Stock Exchange that the Board of Directors of their Company in their meeting held on November 7, 2017 Distt Kasur, approved the decision to apply for voluntary delisting of the company from the Pakistan Stock Exchange Limited (PSX) and authorized Mr. Azher Elahi CEO, Mr. Mad Ealhi Chairman, Mr. Allier J. Elahi, Director and Mr. Mansoor Elahi, Director of the company to purchase shares from all the minority shareholders at price of Rs.15.00 or a price as may be determined by the PSX.

Glamour Textile Mills Limited engaged in creating, developing and manufacturing of 100% cotton yarn. The Company has a manufacturing unit located at Manga Raiwind Road in the province of Punjab. It is listed in Pakistan Stock Exchange.