Resolution passed in annual general meeting of Redco Textiles Limited

Karachi, Redco Textiles Limited informed Pakistan Stock Exchange that the resolution passed in annual general meeting of the company held on February 10, 2023 at Islamabad.

“Resolved that the minutes of the previous Extraordinary General Meeting.

“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.”

Redco Textiles Limited is a Public Limited Company which commenced operations in October 1991. It was incorporated. Redco’s principal activities include manufacture and sale of yarn and greige fabric.

The total numbers of shares are 49,292,600. The Earnings per share is 0.43 in 2020 which was 0.02 in 2019.The Profit after Taxation of the Company is 20,953,000 in 2020 which was 942,000 in 2019.

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