Gatron Industries Limited informed Pakistan Stock Exchange that the Board of Directors in its meeting held on, January 20, 2020 at Karachi has approved the Supplement, Audited Financial Statements for the period ended December 31, 2019 to comply with Section 282(2)(e) of the Companies Act, 2017 for the purpose of sending the said financial statements to the members of the company, along with Notice of the Extra Ordinary, General Meeting to be held on February, 12, 2020 to pass resolution for inter alia, the Scheme of Arrangement under Section 279 of the Companies Act, 2017 amongst the Company and its members AND Novatex Limited and its members.

The announcement is available at:

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Gatron Industries Limited is a company incorporated in Pakistan in 1980 as a private limited company. It was converted to a public limited company in the year 1998. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activities of the company are manufacturing of Polyester Filament Yarn along with its raw material viz. Yarn Grade Polyester Chips. The company also produces other varieties of Polyester Chips viz. Bottle Grade as well as PET Performs. The company owns wholly owned subsidiaries i.e. Messrs. Gatro Powers Private Limited which is engaged in Power generation. The shares of the company are quoted on Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is situated at Quetta.

The symbol "GATI" is being used by the stock exchange for the shares of Gatron Industries Limited.

© Pakistan Press International, source Asianet-Pakistan