Financial results of Fateh Industries Limited for period ended June 30, 2016

Karachi, Fateh Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Hyderabad on September 29, 2016.

The agenda of the meeting was discussion of profit and loss account for the year ended June 30, 2016 which portrayed a loss of Rs. 8,896,583 with earnings per share 4.45 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from October 25, 2016 to October 31, 2016 (both days inclusive).

Fateh Industries Ltd is a Shoe Manufacturing Unit based in Hyderabad. They have the capacity to produce 1.2 million pairs per annum. Our company has all the modern equipment to produce high quality leather shoes. In past they have been working with high class brands such as Bally, Balitimoore and many others. They are working in local market with our high quality brand ARINO.

The symbol “FIL” is being used by the stock exchange for the shares of Fateh Industries Limited.