Transmission of Quarterly Report for the Period Ended December 31, 2022 of Ideal Spinning Mills Limited

Karachi, Ideal Spinning Mills Limited informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended December 31, 2022 have been transmitted through PUCARS and is also available on Company’s website.

Ideal Spinning Mills Limited is being run by Arshad Group and The Arshad group is one of the leading vertically Integrated Textile Group comprising of spinning, weaving, dyeing, printing, stitching & energy units. The Group has been serving the textile sector since 6 decades by providing the premium and exemplary quality of integrated textile products and also contributing to the national economy by adding 110 Million of U.S dollars in foreign reserves through its export business. Arshad Group is enjoying a remarkable reputation globally in textile sector. This reputable status is achieved by the efforts of prudent management policies, commitment to its core values and responsiveness to the customers, hardworking and dedicated employees. The Group is always in a process to adopt ultra modern quality enhancement techniques and state of the art technology to cater the customers’ demands. A welfare program under the title of “Arshad Welfare Foundation” has been launched to cater their labor force and the impoverished people of the society, providing them with health care, education, zakat (to the eligible) and loans.