Pakistan Company News

Progress Report of Azgard Nine Limited

Karachi, Azgard Nine Limited informed Pakistan Stock Exchange that to submit progress report as required under regulation 10(2) of the Companies (Further Issue of Shares) Regulations, 2020 in respect of utilization of proceeds of Right Issue (Ordinary Shares (Voting and Non-Voting) @ 8.025% of the Company (Right Issue).

Azgard Nine Limited was incorporated in Pakistan as a public limited company. It is a spinning, weaving, dyeing and stitching unit engaged in the manufacturing of yarn, denim and denim related products. The company has three production units with Unit I located at 2.5 K.M off Manga, Raiwand Road, District Kasur, Unit II at Alipur Road, Muzaffargarh and Unit III at 20 K.M off Ferozpur Road, 6 K.M Bandian Road on Ruhi Nala, Der Khud Lahore. The registered office of the company is situated Lahore. It is listed on Karachi Stock Exchange.

The symbol “ANL” is being used by the stock exchanges for the shares of Azgard Nine Limited.