Hira Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on January 21, 2020.
The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2019 which portrayed a loss of Rs. 176,680,648 with loss per share 2.04 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
The announcement is available at:
Hira Textile Mills Limited was incorporated in Pakistan on January 31, 1991. The foundations of the company are laid under the Companies Ordinance, 1984. The company produces cotton yarn with the facility of an in house dying unit and Hira Terry manufactures towels. The stocks of the company are listed on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Lahore. The mill is located in Raiwind, District Kasur.
The company has spinning, doubling and yarn dyeing machinery. The spinning units comprises of 40,000 spindles. The product range of the company varies from coarse counts to fine counts ranging from 4/1cd to 80/1cm, producing ring spun as well as compact spun yarns, slub and Lycra yarns. Hira Terry Mills limited is a jointly controlled association company located adjacent to the registered office at Lahore.
The symbol "HIRAT" is being used by the stock exchanges for the shares of Hira Textile Mills Limited.
© Pakistan Press International, source Asianet-Pakistan