Karachi, Reliance Cotton Spinning Mills Limited informed Pakistan Stock Exchange that the resolution passed in Extraordinary general meeting of the company held on March 27, 2023 at Karachi.
“Resolved that the minutes of the previous Annual General Meeting held on February 25, 2023, is unanimously approved by the shareholders.”
“Resolved that the Annual Audited Accounts of the company for the year ended December 31, 2022 together with the Reports of the Independent Auditors, Chairman and Director’s review reports thereon be and are hereby approved and adopted.”
Reliance Cotton Spinning Mills Limited was incorporated in Pakistan on June 13, 1990 as a public limited company. The principal activity of the Company is manufacturing and sale of yarn.
Reliance cotton spinning mills ltd. Sapphire group had installed the Latest Machinery with capacity to produces Premium quality yarn from 6 Ne to 80 Ne (single & double), plied, Slubs, mélanges, blends and variety of other yarns from Special Fibers.
The total numbers of shares are 10,292,000. The Earnings per share is 26.64 in 2020 which was 37.96 in 2019. The Profit after Taxation is 274,182,000 in 2020 which was 390,682,000 in 2019.