Increase in salary of CEO of Colony Textile Mills Limited

Karachi, Colony Textile Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company held on April –, 2016 at Rawalpindi. The agenda of the meeting was appointing the chief executive officer, chairperson of the board of directors, appointing members of the board audit committee and appointing members of human resource and remuneration committee. Colony Mills Limited (CML) was established as a textile manufacturing unit on September 21, 2005 and absorbed “Colony Textile Mills Limited” in 2006. Colony Textile Mills Limited was the principal company established as a textile manufacturing unit in 1946. CML’s expertise, primarily, lies in production, manufacturing and sale of different types of yarns of various counts. The company has a healthy portfolio of income generating assets that crossed total revenues over 13 Billion rupees for the year ended June 30, 2011. The symbol “CTM” is being used by the stock exchanges for the Colony Textile Mills Limited.