Board meeting of Resham Textile Industries Limited to be held on February 25, 2016

Karachi: Resham Textile Industries Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 25, 2016 at Lahore. The agenda of the meeting is to confirm minutes of the last meeting, to consider and approve half yearly accounts for period ended December 31, 2015, to consider the proposal for de-listing the Company and any other item with permission of the Chair.

Further, the company has declared the closed period from February 18, 2016 to February 25, 2016.

Resham Textile Industries Ltd was set up and incorporated in Pakistan in June 06, 1990 as a Public Limited Company. After the public issue, it was listed at Karachi and Lahore Stock Exchanges in 1992

The mills are located on 1.5 km Habibabad in the Kasur district, Punjab . One thousand employees are currently working at the mills and an annual production capacity of 12,437,813 Kg of yarn is currently being achieved.

The Company has developed and grown well and has a modern spinning facility of 38,448 spindles with annual production of 12,437,813 kgs of yarn (converted to 20/1) during FY 2008.