Karachi, Dewan Farooque Spinning Mills Limited informed Pakistan Stock Exchange that the resolution passed in annual general meeting of the company held on October 27, 2022 at Karachi.
“Resolved that the minutes of the previous Annual General Meeting held on October 27, 2021, is unanimously approved by the shareholders.”
“Resolved that the Annual Audited Accounts of the company for the year ended June 30, 2022 together with the Reports of the Independent Auditors, Chairman and Director’s review reports thereon be and are hereby approved and adopted.”
“Dewan Farooque Spinning Mills Limited was incorporated as a Public Limited Company on December 22, 2003. The company is principally engaged in the manufacturing and sale of yarn.
The shares of the Company are 97,750,726. The Earnings per shares is (2.02) in 2020 which was (2.15) in 2019. The Company had a loss of 197,869,000 in 2020 which was 210, 213,000 in 2019.”