Material Information of Taha Spinning Mills Limited

Karachi, Taha Spinning Mills Limited informed Pakistan Stock Exchange that the Company has received a letter from BIPL Securities Limited accompanying with a public announcement of offer to acquire up to 1,809,504 shares approximately 44.68% of the total issued shares and 1,029,850 shares approximately 25.42% of the total issued shares through share purchase agreement with HMI Energy Pvt Ltd a major shareholder of the Company @ Rs. 2.01/- per share and control of Company by Mr. Muhammad Farrukh and persons acting in concert with the acquirer under the securities act, 2015. Taha Spinning Mills Limited is a company incorporated in Pakistan. The company converted to a public limited company on June 16, 1991. The foundations of the company are laid under the postulates of the Companies Ordinance, 1984. The principal activities of the business are manufacture and sale of yarn. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The mill of the company is located in Sheikhpura in the province of Punjab. The registered office of the company is located in Karachi. The symbol “THAS” is being used by the stock exchange for the shares of Taha Spinning Mills Limited.