Board of directors meeting of Fazal Cloth Mills Limited

Karachi: Fazal Cloth Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 29, 2016 at Multan. The agenda of the meeting will to confirm the minutes of the last board of directors meeting held on October 10, 2016 and to receive and consider recommendations of the audit committee in pursuance of the code of corporate governance listing rules and regulations of the Pakistan Stock Exchange.

Further, the Company has declared the closed period from October 22, 2016 to October 29, 2016

Fazal Cloth Mills Limited is a company incorporated in Pakistan as a private limited company in 1966. The foundations of the company are laid under the postulates of the Companies Ordinance, 1984. The company set up its first spinning units in 1972 at Muzzafargarh. The company owns and operates 7 Spinning units comprising 216,162 Spindles and 1740 Rotors.224 Air-jet Picanol Looms. All units have captive Gas Fired Power Generation with a capacity of 29.9 Mega Watts. The company produces 6000 tons of Yarns and 2 million yards of fabric per month. It’s count range is from Ne 4/1 – Ne 100/1 in carded, combed, compact, core spun, Multitwist / Multicount / Slub, Double and Zero Twist Yarns. These Yarns are produced with Cotton, Rayon, Polyester Cotton, Modal Cotton and Bamboo Cotton Fibers. It also produces certified SUPIMA, ORGANIC, GIZA, BCI, Cleaner Cotton, LYCRA, USA Cotton Yarns and Fabric. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Lahore.

The symbol “FZCM” is being used by the stock exchange for the shares of Fazal Cloth Mills Limited.