Karachi, Nishat Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on November 16, 2020 at Lahore.
Further, the company has declared the closed period from November 09, 2020 to November 16, 2020.
Nishat Mills Limited is the flagship company of Nishat Group. It is a public limited company incorporated in Pakistan in 1951 under the Companies Ordinance, 1984. The production facilities of the company comprises of spinning, weaving, processing, stitching and power generation. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock exchanges of Pakistan. The registered office of the company is located at Lahore.
The company is engaged in the business of textile manufacturing and of spinning, combing, weaving, bleaching, dyeing, printing, stitching, apparel, buying, selling and otherwise dealing in yarn, linen, cloth and other goods and fabrics made from raw cotton, synthetic fibre and cloth and to generate, accumulate, distribute, supply and sell electricity. It has 198,120 spindles, 655 Toyota air jet looms, textile dyeing and processing units, 2 stitching units for home textile, one stitching unit for garments and Power Generation facilities with a capacity of 89 MW.
The subsidiary companies of Nishat Mills Limited include Nishat Power Limited, Nishat Linen Private Limited, Nishat Hospitality Private Limited, Nishat USA, Inc. and Nishat Linen Trading L.L.C.
The symbol “NML” is being used by the stock exchanges for the shares of Nishat Mills Limited.