Material Information of Sargodha Spinning Mills Limited

Karachi: Sargodha Spinning Mills Limited informed Pakistan Stock Exchange that board of directors of their Company in their meeting held on January 10, 2017 at Lahore hse decided to convene an extraordinary general meeting to consider and if thought fit, approve the sale of Land, Building, Plant and Machinery of the Company located at Faisalabad. Sargodha Spinning Mills Limited is a public limited company incorporated in Pakistan under the Companies Ordinance, 1984. The company is principally engaged in the manufacturing and trading of yarn made from raw cotton and synthetic fibre and trading of fabric of all types and to generate electricity for internal use. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Lahore. The main products of the company are production of 100 % cotton yarn, Polyester Viscose blended yarn and Polyester Cotton blended yarn. The symbol “SRSM” is being used by the stock exchanges for the shares of Sargoda Spinning Mills Limited.