Annual general meeting of Nishat Chunian Limited to be held on October 31, 2016

Karachi, Nishat Chunian Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on October 31, 2016 at Lahore.

The agenda of the meeting will be confirming the minutes of the last annual general meeting held on October 30, 2015, to receive, consider and adopt audited unconsolidated and consolidated financial statements of the Company for the year ended June 30, 2016, to appoint auditors for the year ending June 30, 2017 and fix their remuneration and to transact any other business with the permission of the Chair.

Further, the closed period of the company is from October 22, 2016 to October 28, 2016 (both days inclusive).

Nishat Chunian Limited is a company incorporated in Pakistan. The foundations of the company were laid in 1990 under the Companies Ordinance, 1984. The company is engaged in business of spinning, weaving, dyeing, printing, stitching, processing, doubling, sizing, buying, selling and otherwise dealing in yarn, fabrics and made-ups made from raw cotton, synthetic fibre and cloth and to generate, accumulate, distribute, supply and sell electricity. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Lahore.

The company operates with 210,000 spindles and 293 air jet looms with a monthly production capacity of 7.5 million lbs of yarn and 4.0 million yards of greige fabric. The dyeing & finishing unit has a capacity of 3.5 million yards per month supported by an equivalent stitching capacity. The company is GOTS certified for the production of 100% Organic yarns, fabrics and finished made-ups, Oeko-Tex certified, Cotton USA certified, Sedex Certified, Lycra Accredited, Supima Licensee, ISO 9001:2008 certified, BSCI , JC Penney, Kohl’s and CT-PAT compliant. NCL is an active member of All Pakistan Textile Mills Association, Lahore Chamber of Commerce and Industry and All Pakistan Bedsheets and Upholstery Manufacturers Association.

The symbol “NCL” is being used by the stock exchanges for the shares of Nishat Chunian Limited.