Karachi, Premium Textile Mills Limited held an emergent meeting on May 27, 2023, where the Board of Directors approved significant changes for the company's future. The meeting resulted in the following decisions:

Share Capital Increase: The Board of Directors agreed to increase the authorized share capital of Premium Textile Mills from PKR 70,000,000/- to PKR 7,000,000,000/-. This move involves dividing the capital into 700,000,000 ordinary shares of PKR 10 each. However, the decision is subject to approval from the members in a general meeting. If approved, this increase in share capital will significantly enhance the company's financial capabilities and support future growth.

Extra Ordinary General Meeting (EOGM): To address the aforementioned decisions, Premium Textile Mills has scheduled an Extra Ordinary General Meeting to be held on Friday, June 23, 2023. During this meeting, the shareholders will convene to consider and approve the proposed changes.

Share Transfer Book Closure: In preparation for the Extra Ordinary General Meeting, Premium Textile Mills announced the closure of its Share Transfer Books. From June 17, 2023, to June 23, 2023, shareholders will be unable to transfer their shares.