Karachi, Idrees 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 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.”
“Resolved that MIs Yousuf Adil, Chartered Accountants be and are hereby appointed as the external auditors of the company for-the year ending June 30, 2023 as recommended by the Board of Directors”.
Idrees Textile Mills Limited was incorporated in Pakistan as an unquoted public limited company on June 5, 1990. The principal activity of the Company is to manufacture and sell yarn and fabric.
The total numbers of shares of the Company are 19,852,800. The Earnings per shares of the Company is (5.17) in 2020 which was 1.63 in 2019. The Profit after taxation in 2020 was Rs. (102,582,000) which was 32,314,000 in 2019.