Pakistan Company News

Material Information of Salman Noman Enterprise Limited

Karachi, Salman Noman Enterprise Limited informed Pakistan Stock Exchange that the Board of Directors of the Company resolved that:

1. Mr. Muhammad Saeed, Company Secretary having CNIC No. 35404-1602430-3 is authorized to represent the company at Securities & Exchange Commission of Pakistan and its Company Registration Office. Mr. Noman Almas to sign off various forms/ documents and to do all needful acts in order to complete all procedural and legal formalities incidental and ancillary thereto.

2. Any and all actions of the authorized representative/nominated officer in pursuant to, or in furtherance of the intent and purposes of the foregoing resolution, are hereby in all respects adopted, approved, confirmed and ratified as the valid and subsisting acts of this company.

Salman Noman Enterprises Limited was incorporated in Pakistan on November 05, 1985 as a Public Limited Company. The principal business of the company is to manufacturing and sale of yarn. The Company had ceased its operations since February 2018.

The total number of shares are 4,467,036. The Earnings per share is (6.88) in 2020 which was (7.21) in 2019. The Company had a loss of Rs. 30,745,000 in 2020 which was (32,204,000) in 2019.