Sapphire Textile Mills Limited informed Pakistan Stock Exchange that in order to comply with the directives issued by the Government of Punjab, other Provincial Governments and the administration authorities under their control, for the purpose of controlling the outbreak and to combat the effects of Coronavirus Pandemic [COVID- 19], the company has temporarily closed all its production facilities and operations in Sindh and Punjab including offices from March 24, 2020 till such orders are withdrawn by the authorities.

The announcement is available at:

https://dps.psx.com.pk/download/document/145248.PDF

Sapphire Textile Mills Limited is a company incorporated in Pakistan on March 11, 1969. It is a public limited company the foundations of which are laid under the Companies Ordinance, 1984. The company is principally engaged in manufacturing and sale of yarn, fabrics, home textile products and processing of fabrics. The shares of the company are quoted on Karachi Stock Exchange of Pakistan. The registered office of the company is situated at Karachi and its mills are located at Kotri, Nooriabad, Chunian, Feroze Watwan and Bhopattian Lahore.

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

© Pakistan Press International, source Asianet-Pakistan