NCML plans machinery disposal for debt repayment

MG News | October 30, 2024 at 01:46 PM GMT+05:00

0:00

October 30, 2024 (MLN): The Board of Directors of Nazir Cotton Mills Limited (PSX: NCML) has decided to dispose of the company's obsolete machinery.

According to a notice issued by NCML to the PSX, this decision is being made for the repayment of loans and liabilities and to support working capital.

"The notice of the Extraordinary General Meeting (EOGM) will be sent to you in due course," the notice concludes.

Copyright Mettis Link News

Related News

PSX Closing Bell: Marching to a Higher Beat

IPAK Group reports 12 times increase in EPS to Rs1.72 for FY 2025

Hala Enterprises to increase weaving capacity by 75%

Name	Price/Vol	%Chg/NChg
KSE100	157,953.47 555.47M	1.14% 1775.65
ALLSHR	96,741.22 1,957.60M	1.16% 1110.83
KSE30	48,198.94 249.79M	1.09% 520.47
KMI30	232,694.17 290.89M	1.31% 3011.94
KMIALLSHR	65,027.13 1,019.78M	1.03% 660.37
BKTi	42,489.56 84.10M	1.35% 566.75
OGTi	31,779.36 15.21M	0.14% 43.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,385.00	117,680.00 117,385.00	-385.00 -0.33%
BRENT CRUDE	67.52	68.42 67.19	-0.43 -0.63%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	94.00	94.50 94.00	0.45 0.48%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.24	63.31 63.21	-0.02 -0.03%
SUGAR #11 WORLD	16.13	16.27 15.89	-0.14 -0.86%