Karachi, Shahtaj Textile Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 28, 2023 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended December 31, 2022.
Further, the company has declared the closed period from February 21, 2023 to February 28, 2023.
Shahtaj Textile Limited is a Shahnawaz Group Company. It was incorporated as a public limited company in January 1990, with the sole purpose of manufacturing grey fabric and its marketing. The company is listed at Pakistan Stock Exchange Limited. The mills went into commercial production in January 1992.
Their production facility are situated in the hub of Textile Industries near Lahore (Pakistan) and is equipped with the high speed Toyoda and Picanol Air Jet Looms of Japanese and Belgium origin. Starting with 72 looms now the number of installed looms is 178 with complete back up process and stand-by self-power generation.
The total numbers of shares are 9,660,000. The Earnings per share is 7.51 in 2020 which was 19.47 in 2019. The Profit after Taxation is 72,571,000 in 2020 which was 188,049,000 in 2019.