Material Information of Gulshan Spinning Mills Limited

Material Information

Karachi, Gulshan Spinning Mills Limited informed Pakistan Stock Exchange that order to re-organize and restructure the obligations of the Company towards its creditors, the creditors and the Company have decided to and have duly prepared a scheme of Arrangement and have filed the same with the Honorable Sindh High Court at Karachi for approval of aforementioned proposed Scheme of Arrangement.

Gulshan Spinning Mills Limited was incorporated as a Public Limited Company in Pakistan under the Companies Ordinance, 1984. The company is engaged in the manufacturing and selling of yarn. The registered office of the company is located in Karachi. The stocks of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan.

The symbol “GSPM” is being used by the stock exchange for the shares of Gulshan Spinning Mills Limited.