Karachi, Zahur Cotton Mills Limited, following a decisive meeting of its Board of Directors on August 17, 2023, in Lahore, has disclosed a series of recommendations and pertinent financial information for stakeholders' attention.

The board's key recommendations are as follows:

1. Cash Dividend: The company has proposed a cash dividend of Nil per share.

2. Bonus Shares: Zahur Cotton Mills Limited will not be issuing any bonus shares.

3. Right Shares: The company will not offer right shares to its shareholders.

4. Any Other Entitlement/Corporate Action: No additional entitlements or corporate actions have been proposed.

5. Price-Sensitive Information: No significant price-sensitive information was discussed or disclosed in the meeting.

In addition to these recommendations, the company has shared its financial results for the nine months ending March 31, 2023. The financial statement provides insights into sales, costs, administrative expenses, operating losses, finance costs, and the net loss for the period after taxation.

The company further assures that the detailed accounts and directors' report will be made available via PUCARS and placed on the official company website within the stipulated timeframe.

This announcement reflects the company's commitment to transparency and effective communication with its stakeholders.