Karachi: Janana De Malucho Textile Mills Limited, based in Habibabad, Kohat, has officially withdrawn its previous announcement regarding a casual vacancy. The letter, dated October 2, 2024, addressed to the General Manager of the Pakistan Stock Exchange, revoked the company’s statement from September 30, 2024.
The initial announcement, now retracted, had detailed a vacancy which the company has now decided to not pursue filling. According to the letter, this change of plans necessitates informing TRE Certificate Holders associated with the Pakistan Stock Exchange.
According to information available from the Pakistan Stock Exchange (PSX), the letter signed by Abid Raza, the Company Secretary, did not disclose reasons for the withdrawal. The communication emphasized the need for the Exchange to update its records accordingly and inform stakeholders involved in the trading of this publicly listed company’s securities.
The update comes without further explanation as to the causes of both the initial vacancy announcement and its sudden revocation. This move by Janana De Malucho Textile Mills Limited remains strictly administrative as per the documents circulated.