Material Information of Hira Textile Mills Limited

Karachi, Hira Textile Mills Limited informed Pakistan Stock Exchange that Mr. Muhammad Tariq has been appointed as Chief Executive Officer of the company with immediate effect in place of Mr. Muhammad Mahboob.

Hira Textile Mills Limited was incorporated in Pakistan on January 31, 1991 as a Public Limited Company. The principal activity of the Company is to manufacture and sale of yarn. Hira Textile is a composite textile manufacturing unit which is engaged in the manufacture and sale of various kinds of spinning, Dying / bleaching and doubling products mainly for export purposes.

Hira Textile mills has 41424 spindles. The company has also yarn dying and yarn doubling unit and in house power generation facilities with a capacity 18.65 MW. The company’s production facilities comprise of spun yarn, dyed / bleached yarn, zero twist / double yarn.

The total number of Shares of the Company is 86,577,920. The Earnings per shares of the Company is (3.51) in 2020 which was (6.32) in 2019. The Company had a loss of Rs. 303,789,000 in 2020 which was 2,015,842,000 in 2019.