Shams Textile Mills plans to increase authorized share capital to Rs1bn

News Image

MG News | May 30, 2023 at 10:46 AM GMT+05:00

0:00

May 30, 2023 (MLN): The Board of Directors (BoD) of Shams Textile Mills Limited (PSX: STML) has suggested increasing the company’s authorized share capital from Rs250 million to Rs1 billion, the company's filing on PSX revealed.

The board also recommended subsequent modifications in the Memorandum of Association subject to the approval of members of the company.

In addition, the board has also advised alterations to the Articles of Association (AOA) regarding capitalization of reserves.

In order to seek approval of the aforementioned amendments, an extraordinary general meeting will be held on June 22, 2023.

STML is a public limited company engaged in the business of manufacturing, sale, and trading of yarn and cloth.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,120.00 118,150.00
117,905.00
500.00
0.43%
BRENT CRUDE 73.47 73.63
71.75
0.96
1.32%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 70.23 70.33
70.18
0.23
0.33%
SUGAR #11 WORLD 16.46 16.58
16.37
-0.13
-0.78%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg