Karachi February 21 2022: As per the notice at PSX, the management of Samin Textiles Limited has required to shift the company form defaulter counter to regular counter.
In letter to addressing the Mannager Companies and Securities Compliance-RAD, Pakistan Stock Exchange, the company mentioned that “Our Statutory Auditors (KPGM Taseer Hadi & Co) have mentioned in the enclosed letter that SMTM has resumed trading activities. Trading is the Company’s principle line of business as per Memorandum & Article of Association.”
A L S O || R E A D
Nishat Chunian Limited Closed 3.02 percent higher on announcement of surprise pay out: PSX
PSX placed to Samin Textiles Limited in the Defaulters’ Segment on November 03, 2020 due to suspended commercial production/business operations in principle line of business for continuous period of one year was notified by PSX for information of all concerned.
Samin Textiles Limited was incorporated in Pakistan on November 27, 1989 as a public limited company under the company’s ordinance, 1984. The principal business of the Company is trading, import and export of textile products.
