J K Spinning Mills : Announcement of Board MeetingLetter
May 29, 2023 at 06:17 am EDT
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Ref: JKSM/T-045/2023
Dated: 29-05-2023
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building,
Stock Exchange Road,
Karachi.
Sub:
Announcement of Board Meeting
Dear Sir,
In accordance with the provisions of the Securities Act, 2015 and Rule Book of Pakistan Stock Exchange Limited, we hereby convey the following information:
The Board of Directors of J.K. Spinning Mills Limited (the "Company") in their meeting held today i.e, May 29, 2023 decided:
To Increase the authorized share capital of the Company from PKR 2,000,000,000/- (Rupees Two Billion only) divided into 200,000,000 ordinary shares of PKR 10 (Rupees Ten) each to PKR 14,000,000,000/- (Rupees Fourteen Billion Only) divided into 1,400,000,000 ordinary shares of PKR 10/- each and consequent amendment in the Memorandum and Articles of Association of the Company, subject to approval of members.
To Circulate the Annual Audited financial statements to the members through QR enabled code and weblink, subject to approval of members.
An extra ordinary general meeting of the Company to be held at 11:00 AM on June 22, 2023 to consider and approve the aforementioned businesses.
The Share Transfer Books of the Company will remain closed from June 15, 2023 to June 22,
2023 (both days inclusive) in this regard."
The notice of extra ordinary general meeting of the Company to be held on June 22, 2023 will be sent in due course.
You may please inform the TRE Certificate Holders of your Exchange accordingly.
Yours truly,
For: J.K. Spinning Mills Limited.
Syed Hussain Shahid Mansoor Naqvi
Company Secretary
CC To:
The Executive Director/HOD , Offsite-II, Department, Supervision Division, SECP, Islamabad The Executive Director/HOD , Securities Market Division, SECP, Islamabad
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J.K. Spinning Mills Ltd. published this content on 29 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 May 2023 10:16:05 UTC.
J.K. Spinning Mills Limited is engaged in the business of textile manufacturing, which consists of spinning, weaving, processing, stitching, buying, selling and otherwise dealing in yarn, fabrics and other goods. The Companyâs segments include Spinning and Fabric. The Spinning segment is engaged in producing yarn using natural and artificial fibers. The Fabric segment is engaged in buying yarn, fabric and selling after conversion and manufacturing of home textile articles. Its products include yarn, fabrics, home textiles, woven garments and towels. Its fabric division includes home textile, institutional textile and sustainable products. It provides bedding and garments for the health-care sector with various health care techniques made from a revolutionary material. Its spinning operations comprise of 201000 spindles and a combination of European/Japanese machinery. Its bed linen is designed for professional use in the hospitality and healthcare industries.
J.K. SPINNING MILLS LIMITED 
