D.M. Textile appeals PSX to be removed from “Defaulter Segment”

MG News | January 03, 2023 at 02:57 PM GMT+05:00

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January 03, 2023 (MLN): D.M. Textile Mills Limited (DMTX) has requested Pakistan Stock Exchange (PSX) to remove its name from defaulter segment in this stage of difficult environment.

In a notice to PSX, the company stated that DMTX has been able to pay-off its entire long-term liabilities of the banks which is a great achievement.

Furthermore, the management revealed that the company has meager income to meet its day-to-day expenses.

“The management has positive intention and capability to revive the company subject to improvement in business environment”, the notification read.

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