Board Meeting other than Financial Result of Babri Cotton Mills Limited.

Karachi -- Babri Cotton Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on June 23, 2020 at Peshawar.

The announcement is available at:

https://dps.psx.com.pk/download/document/149212.pdf

Babri Cotton Mills Limited was incorporated on the 26th of October, 1970 as a Public Limited Company under the capable professional guidance of founder chairman (Late) Lt.General (R) M Habibullah Khan Khattak. It was established as a textile spinning unit at Kohat with a capacity of 25,056 spindles. The mill is located in Kohat at a distance of 55 km south of Peshawar. Its Commercial production started in 1973.

The textile industry in Pakistan suffered a serious crisis from 1977 to 1985. Many mills were forced to close down their weaving and processing units especially in Khyber Pakhtunkhwa (Formerly N.W.F.P). However, from 1986 onwards the management of the company with untiring efforts converted this unit back to a profit earning unit. The Company from its own resources has added another 27984 spindles along with complete back process till 2010.

The Company is engaged in production of super fine counts of 80s combed yarn from extra-long...