Karachi, Gulistan 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.
Gulistan Spinning Mills Limited was incorporated on February 26, 1987 in Pakistan. The registered office of the company is located in Karachi. The company is engaged in manufacture and sale of yarn, fabrics, apparel and home textile. The manufacturing unit is located at district Kasur, Punjab. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan.
The symbol “GUSM” is being used by the stock exchange for the shares of Gulistan Spinning Mills Limited.