(Colony) Sarhad Textile Mills Limited’s material information : AsiaNet-Pakistan

(Colony) Sarhad Textile Mills Limited’s material information

[ 0 ] November 13, 2012 | Material Information | Share:

Karachi, November 13, 2012 (PPI-OT): In accordance with the Listing Regulation No. 28 and Clause (xxiii) of the Listing Regulation No. 37 under Code of Corporate Governance, we are pleased to convey the following information:

The Board of Directors of (Colony) Sarhad Textile Mills Limited (COST), in their Board meeting held on 08 November 2012, approved on Application to be filed by duly designated Counsel, under Rule 55 of the Companies Court Rules, 1997, read with Section 284 of the Companies Ordinance, 1984, in the Lahore High Court, Rawalpindi Bench (Companies Jurisdiction).

The Application requests the Court to allow the calling of a General Meeting of the shareholders of the Company to consider and resolve the Scheme of Arrangement for merger/ amalgamation of (Colony) Sarhad Textile Mills Limited with, and into, Suhail Jute Mills Limited. The said Application is to be filed in the Court after the Financial Statements for the Year Ended 30 June 2012 are duly authorized, as the Statements are required to be annexed with the Application in accordance with the law.

For more information, contact:
Sohail Farooq Shaikh
Chief Executive
(Colony) Sarhad Textile Mills Limited
125, Murree Road, P.O. Box No. 341
Rawalpindi (Pakistan).
H.O. Rawalpindi Phone: (051) 5568051-3,
Fax: 92-51-5566310


Category: Material Information

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