Karachi: Crescent Fibres Limited informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on April 30, 2016 at Lahore.
The agenda of the meeting is to elect seven directors for a period of three years, commencing 1.5.2016.
Further, the closed period of the company is from April 22, 2016 to April 30, 2016 (both days inclusive).
Crescent Fibres Limited was incorporated in Pakistan on August 06, 1977 as part of Crescent Sugar Mills and Distillery Limited. The foundations of the company are laid under the Companies Ordinance, 1984 as a public limited company. The principal business of the Company is manufacture and sale of yarn. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is situated in Lahore.
The wood related and chemical operations have been discontinued. The textile company operates 55,956 spindles based on the latest European and Japanese machinery and specializes in production of high value added polyester / cotton and chief value cotton yarns. The manufacturing facilities are located at Nooriabad Industrial Estate, District Dadu, in the Province of Sindh, and at Bhikhi, District Sheikhupura in the Province of Punjab.
The associated companies are Crescent Powertec Limited, Equity Textile Limited, Mohd Amin Mohd Bashir Inter Private Limited, Premier Financial Services Private Limited, Premier Insurance Limited, Suraj Cotton Mills Limited and Shams Textile Mills Limited.
The symbol “CFL” is being used by the stock exchanges for the shares of Crescent Fibres Limited.