Karachi, Dewan Textile 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 Textile Mills Limited was incorporated in Pakistan on 16 April 1970 as a public limited company. The principal activity of the Company is manufacturing and sale of yarn. However, the Company has suspended its manufacturing operations since December 2015.
The shares of the Company are 46,064,609. The Earnings per shares of the company is (13.17) in 2020 which was (18.98) in 2019. The Company had a loss of 606,778,000 in 2020 which was 874,172,000 in 2019.”