JDMT board approves sale of old machinery

MG News | April 23, 2024 at 04:17 PM GMT+05:00

0:00

April 23, 2024 (MLN): The Board of Directors of Janana De Malucho Textile Mills Limited (PSX: JDMT) has approved the sale of a sizeable part of old machinery of the company, JSMT's filing on PSX revealed today.

This decision was made by the board during its meeting on April 22, 2024, and is subject to approval at the general meeting.

Additionally, the board has authorized the Executive Director Technical and Chief Financial Officer of the Company to take necessary steps in this regard.

JSMT is principally engaged in the manufacture and sale of yarn.

At the time of writing, the company's scrip is being traded at Rs62.44, down by 3.39 rupees or 5.15% compared to the last close.

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