Karachi, Shadab Textile Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 29, 2021 at Lahore. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2021.
Further, the company has declared the closed period from September 22, 2021 to September 29, 2021.
The company was incorporated on 19th August, 1979 as a Public Limited Company and obtained certificate of commencement of Business on 18th November, 1979. The company is engaged in the business of manufacturing, selling, buying and dealing in Yarn of all types. The company listed on Stock Exchanges in 1985.
The company has set up a spinning plant at Shahkot, District Sheikhupura in the province of Punjab and went into production in February, 1982. The capacity of the unit has increased from 14400 spindles to 33600 spindles by installing 19200 additional spindles with necessary back process machinery during the year 2001, 2002, 2004 & 2014.
The total numbers of shares are 16,600,000. The Earnings per share is 3.27 in 2020 which was 26.02 in 2019. The Profit after taxation of the Company is 40,850,000 in 2020 which was 78,045,000 in 2019.