Tata Textile Mills Limited informed Pakistan Stock Exchange that a meeting of the Board of Directors of the Company scheduled to be held on April 01, 2020 at Karachi to consider to consider, discuss, review, finalize and approve the Scheme of Arrangement and related Swap Ratios (along with other ancillary matters) pertaining to the potential merger/amalgamation is in progress.

The announcement is available at:

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Tata Textile Mills Limited is a company incorporated in Pakistan on April 15, 1987. It is a public limited company the foundations of which are laid under the Companies Ordinance, 1984. The principal business activity of the company includes the manufacture and sale of yarn products. The manufacturing facility of the company is located in District Muzaffargarh in the province of Punjab. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Karachi.

The symbol "TATM" is being used by the stock exchange for the shares of Tata Textile Mills Limited.

© Pakistan Press International, source Asianet-Pakistan