Board meeting of Ideal Spinning Mills Limited

Karachi, Ideal Spinning Mills Limited informed Karachi Stock Exchange about the board meeting of the company scheduled to be held on February 25, 2015 at Faisalabad. The agenda of the meeting shall be consideration of quarterly accounts for the six month period ended December 31, 2014.

Ideal Spinning Mills Limited’s financial results for the half ended 31 December, 2012

Karachi, February 28, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held at 03:30 p.m on Feb 27, 2013 recommended the following:

Proposed Dividend   :         NIL

Right Share         :         NIL

Bonus Share         :         NIL

Finance Results of the Company are as follows:

Half year ended

Quarter Ended

31 December

31 December

31 December

31 December

2012

2011

2012

2011

Rupees in thousand

Sales

960,446

997,404

497,445

464,625

Cost of sales

(876,368)

(927,866)

(465,376)

(432,052)

——-

——-

——-

——-

Gross Profit

84,078

49,538

32,069

32,573

Distribution cost

(10,472)

(7,696)

(5,483)

(3,908)

Administrative expenses

(29,382)

(20,047)

(15,491)

(9,329)

Other operating expenses

(1,319)

(256)

(1,187)

(256)

——-

——-

——-

——-

(41,173)

(27,999)

(22,161)

(13,493)

——-

——-

——-

——-

42,905

21,539

9,908

19,080

Other operating income

559

226

546

226

——-

——-

——-

——-

Profit from operations

43,464

21,765

10,454

19,306

Finance cost

(21,001)

(20,256)

(11,177)

(12,260)

——-

——-

——-

——-

Profit/ (loss) before taxation

22,463

1,509

(723)

7,046

Provision for Taxation

(4,347)

(4,399)

(1,775)

716

——-

——-

——-

——-

Profit/ (loss) after taxation

18,116

(2,890)

(2,498)

7,762

——-

——-

——-

——-

Earnings/ (loss) per share-basic
and diluted (Rupees)

1.83

(0.29)

(0.25)

0.78

For more information, contact:
Director
Ideal Spinning Mills Limited
1088/2, Jail Road,
Faisalabad- Pakistan,
Tel: 041-2626833

Ideal Spinning Mills Limited’s notice of meeting

Karachi, February 20, 2013 (PPI-OT): Notice is hereby given that the meeting of Board of Directors’ of Ideal Spinning Mills Limited (IDSM) is going to be held at 1088/2, Jail Road, Faisalabad on Wednesday 27th February 2013 at 03:30 p.m to transact the following business:

1. To confirm the minutes of tee last Board meeting of the company.

2. To consider and approve the un-audited financial statements along with Directors report for the period ended 31 December 2012.

3. To transact any other business with the permission of chair.

As per the requirements of the code of corporate governance clause No. XXVI it is to intimate you that the closed period (in which the directors of the company are prohibited to sell and purchase the share of the company) is from 20/02/2013 to 27/02/2013 (both days inclusive).

For more information, contact:
Company Secretary
Muhammad Nadeem
Ideal Spinning Mills Limited
1088/2, Jail Road,
Faisalabad- Pakistan,
Tel: 041-2626833

Ideal Spinning Mills Limited’s free float of shares

Karachi, January 23, 2013 (PPI-OT): In accordance with the regulation No. 21 (3) of the Listing Regulation, we provide the Free-Float of Shares of our company as on December 31, 2012.

Total Outstanding Shares 9,920,000
Less Shares held by Directors / Sponsors 7,437,900
Shares available in CDS 1,322,000
Shares in physical form 6,115,900
Government Holdings as promoter/ acquirer/ controller
Shares held by Associated Companies (Cross holdings)
Shares held with general public in Physical Form 692,800 8,130,700
Free-Float: 1,789,300
Total number of shares available in CDS 3,111,300
Total number of shares available in Physical Form 6,808,700

For more information, contact:
Ideal Spinning Mills Limited
1088/2, Jail Road,
Faisalabad- Pakistan,
Tel: 041-2626833

Ideal Spinning Mills Limited’s notice of annual general meeting

Karachi, October 8, 2012 (PPI-OT): Please find enclosed a copy of Notice of Annual General Meeting for circulation amongst your members. The meeting is scheduled to held on October 31st 2012 at Bagh-e-Zehra Building, GK-7, 60 Bagh-e-Zehra Street, Kharadar, Karachi and aforementioned notice would be published in Newspapers on October 9th 2012.

Notice of Meeting

Notice is hereby given that the 24th Annual General Meeting of Ideal Spinning Mills Limited will be held at Bagh-e-Zehra Building, GK-7, 60 Bagh-e-Zehra Street Kharadar, Karachi-74000 on October 31, 2012 at 11.30 a.m. to transact the following business:

1. To confirm the minutes of the last Annual General Meeting held on October 31, 2011.

2. To receive consider and adopt the Audited Financial Statements of the company for the year ended June 30, 2012 together with Directors’ and Auditors’ report thereon.

3. To appoint Auditors for the year 2012-2013 and fix their remuneration. The present Auditor M/S Riaz Ahmed and Company chartered Accountants, being eligible have offered themselves for reappointment.

4. To transact any other business with the permission of the chair.

Notes:

1. The Share transfer books of the company will remain closed from October 24, 2012 to November 01, 2012 (both days inclusive) transfers received at share registrar M/S Consulting One (Pvt.) Ltd, 478-D, Peoples Colony No. 1 Faisalabad at the close of business hours on 23rd October, 2012 will be treated in time.

2. A member entitled to attend and vote at this General Meeting is entitled to appoint another member as proxy. Proxies received in order to be effective at the Registered Office of the company not less than 48 hours before the time for the meeting.

3. Any individual beneficial owner of CDC, entitled to attend and vote at this meeting, must bring his/her original CNIC or passport to prove his/her identity and in case of proxy must enclosed an attested copy of his/her CNIC or passport. Representatives of corporate members should bring the usual documents required for such purpose.

4. Shareholders are requested to promptly notify the company of change in their addresses.

For more information, contact:
Muhammad Nadeem
Company Secretary
Ideal Spinning Mills Limited
1088/2, Jail Road,
Faisalabad- Pakistan,
Tel: 041-2626833

Ideal Spinning Mills Limited’s financial results for the 3rd quarter ended 31 March, 2012

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held at 03:30 p.m. on Apr 26, 2012 recommended the following.

Proposed Dividend:             NIL

Right Share                    NIL

Bonus Share                    NIL

Financial Results of the Company are as follows:

For third Quarter ended

Quarter ended

31 March

31 March

31 March

31 March

2012

2011

2012

2011

(Rupees in thousand)

Sales

1,464,128

1,138,461

486,724

687,980

Cost of Sales

(1,376,588)

(1,486,585)

(448,722)

(587,361)

———

———

——-

——-

Gross Profit

87,540

251,876

38,002

100,619

Distribution Cost

(11,510)

(14,590)

(3,814)

(6,208)

Administrative Expenses

(31,790)

(28,526)

(11,743)

(10,330)

Other Operating Expenses

(786)

(11,238)

(530)

(4,501)

———

———

——-

——-

(44,086)

(54,354)

(16,087)

(21,039)

———

———

——-

——-

43,454

197,522

21,915

79,580

Other Operating Income

(160)

32

(386)

20

———

———

——-

——-

Profit From Operations

43,294

197,554

21,529

79,600

Finance Cost

(34,055)

(47,897)

(13,799)

(20,851)

———

———

——-

——-

Profit Before Taxation

9,239

149,657

7,730

58,749

Provision For Taxation

(9,001)

(49,912)

(4,602)

(7,113)

———

———

——-

——-

Profit After Taxation

238

99,745

3,128

51,636

———

———

——-

——-

Profit Earnings per share – basic
and Diluted (Rupees)

0.02

10.05

0.32

5.21

For more information, Contact:
Ideal Spinning Mills Limited
1088/2, Jail Road,
Faisalabad- Pakistan,
Tel: 041-2626833

Ideal Spinning Mills Limited’s board meeting

Karachi: Reference to your letter No.KSE / Gen-3476, please note that meeting of Board of Directors will start at 3:30 P.M. Therefore we will fax our results to your goodself on 9:30 A.M. on 27 April, 2012.

For more information, contact:
Company Secretary
Muhammad Nadeem
Ideal Spinning Mills Limited
1088/2, Jail Road,
Faisalabad- Pakistan,
Tel: 041-2626833