Karachi, Nishat Mills Limited informed Pakistan Stock Exchange that board meeting of the company is scheduled to be held on April 26, 2016 at Lahore. The agenda of the meeting shall be consideration of quarterly accounts for period ended March 31, 2016.
Further, the closed period of the company shall be from April 19, 2016 to April 26, 2016.
Nishat Mills Limited is the flagship company of Nishat Group. It is a public limited company incorporated in Pakistan in 1951 under the Companies Ordinance, 1984. The production facilities of the company comprises of spinning, weaving, processing, stitching and power generation. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock exchanges of Pakistan. The registered office of the company is located at Lahore.
The company is engaged in the business of textile manufacturing and of spinning, combing, weaving, bleaching, dyeing, printing, stitching, apparel, buying, selling and otherwise dealing in yarn, linen, cloth and other goods and fabrics made from raw cotton, synthetic fibre and cloth and to generate, accumulate, distribute, supply and sell electricity. It has 198,120 spindles, 655 Toyota air jet looms, textile dyeing and processing units, 2 stitching units for home textile, one stitching unit for garments and Power Generation facilities with a capacity of 89 MW.
The subsidiary companies of Nishat Mills Limited include Nishat Power Limited, Nishat Linen Private Limited, Nishat Hospitality Private Limited, Nishat USA, Inc. and Nishat Linen Trading L.L.C.
The symbol “NML” is being used by the stock exchanges for the shares of Nishat Mills Limited.