Resignation of director and Company Secretary of Olympia Spinning and Weaving Mills Limited

Karachi: Olympia Spinning and Weaving Mills Limited informed Karachi Stock Exchange about resignation of Mr. Muhammad Anwar Saigal the director and secretary of the company with effect from June 30, 2015. The new officers will be appointed in due course.

“Olympia Spinning & Weaving Mills Limited was incorporated in Pakistan as a public limited company on October 28, 1960 and converted into Public Limited Company on June 22, 1970. The foundations of the company are formed under the Companies Ordinance, 1984. The company is engaged in the business of manufacturing carded, siro and blended yarn. The shares of the company are quoted on Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi.

The company exports cotton yarn to countries like Korea, Taiwan, Japan, Hong Kong, China, Bangladesh, Portugal, Turkey, USA and South America. The brand names of the products of the company are Mashal, Super Mashal and Olympia. Two spinning units are currently being used by the company for managing its operations.

The symbol “OLSM” is being used by the stock exchange for the shares of Olympia Spinning & Weaving Mills Limited.