The Board of Directors of Feroze 1888 Mills Limited, one of the leading Textile company in Pakistan, at their meeting held on has finalized equity investment in 1888 Mills LLC, an affiliated company, to the tune of USD 5 million upon conditions to be approved by the shareholder under a particular Resolution.
Accordingly, the Board recommended an EOGM be called for seeking the approval of their shareholders for approval of this equity investment.
Feroze Mills 1888 is principally engaged in the production and export of towels.
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