Dispatch of Letters of Right

Karachi, Masood Textile Mills Limited informed Pakistan Stock Exchange that they have dispatched intimation Letters to CDC shareholders and Letters of Rights to physical shareholders in marketable lots, through courier. The last date of payment/renunciation against right share is January 27, 2017. Masood Textile Mills is the only textile mill in Pakistan with latest computerized Barcode System that assures quality in every operation of production from spinning to packing. Products of each department carry bar coded stickers, which bear all the details and history of the operations of that product. Hence if any problem is reported, one can trace back the root of the problem and enable to prevent occurrence of the same in future. Besides, MTM is one of the few fully vertical textile mills in Pakistan having in-house Yarn, Knitting, Fabric dyeing, Processing, Laundry and Apparel Manufacturing facilities. The vertically integrated operations help us in achieving shorter lead times and greater flexibility to cater to the customers demand. The symbol “MSOT” is being used by the stock exchange for Masood Textile Mills.