Financial results of Taj Textile Mills Limited for period ended March 31, 2016

Karachi, Taj Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on April 30, 2016.

The agenda of the meeting was discussion of profit and loss account for nine months period and quarter ended March 31, 2016 which portrayed a loss of Rs. 8,268,733 and Rs. 2,747,910 with loss per share 0.25 and 0.08 basic and diluted respectively.

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

Elahi Group established its first spinning facility in 1987 in the name of TAJ Textile Mills Limited (TTML). This first unit of 14,400 spindles, generally known as TAJ I has expanded since and now with the addition of TAJ II in 1993/94 the total spinning capacity has increased to around 40,000 spindles. Over the years TTML has successfully established its brand name TAJ in the quality conscious local and international knitting and weaving industry.

The symbol “TAJT” is being used by the stock exchanges for the Taj Textile Mills Limited.