Karachi, Haji Mohammad Ismail Mills Limited informed Pakistan Stock Exchange that the resolution passed in annual general meeting of the company held on October 28, 2022 at Karachi.
“Resolved that the minutes of the previous Annual General Meeting held on October 25, 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.”
The company was incorporated as a private limited company on February 5, 1980 and subsequently converted into public limited company on October 15, 1987. The Principal Business of the company was manufacture and sale of yarn and Power Generation. Subsequently during the Year 2017 the management added new object clauses in the Memorandum of Association from Textile/ Power Generation to trading/ distribution of fast moving consumer goods and other lawful business objects.
The total number of shares are 11,975,040. The Earnings per share is (1.86) in 2020 which was (0.34) in 2019. The Company had a loss of Rs. 22,224,000 in 2020 which was 4,040,000 in 2019.