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Board of Directors meeting of Rupali Polyester Limited

Date: April 8, 2019 Author: newsfeed.pk Category: Board Meetings General Short URL Comments: 0
Karachi, Rupali Polyester Limited informed Pakistan Stock Exchange that Board of Directors meeting of the Company will be held on April 15, 2019 at Lahore. The agenda of the meeting will to consider the 3rd Quarterly Accounts for the period ended March 31, 2019. Further, the company has declared the closed period from April 08, 2019 to April 15, 2019. The Rupali Group is an established leading corporation in the Petrochemical industry, responsible for producing the primary raw materials for the downstream Textile industry of Pakistan. The Groups’ focus is in diversified commercial interests ranging from manufacturing, importing, exporting and catering to producers of various cloth and fabric variants within the Textile Industries. Of these variants, the Group is able to capture a majority of the market share in knitting, weaving, bed sheets, sportswear, and water jet users. With over thirty years of experience, The Rupali Group has become one of the largest producers of Polyester Filament Yarn (PFY) and is a leading producer of quality Polyester Staple Fiber (PSF) in Pakistan. Managed by the Feerasta family, Rupali Group has a direct influence on the progressive vision and development of Soneri Bank Limited. The Group established Soneri Bank in the early 90s and as founding sponsors, Rupali has over the years helped the bank become one of Pakistan’s top commercial banks. In recent years, power factor and natural resource consumption for energy has played a detrimental role in the manufacturing industry. In order to provision sustained flow of energy, The Group has managed to venture out into Coal Fired Power Generation. This will eventually aid in making all our manufacturing facilities completely self reliant for energy. The philosophy of the Group is to build on its strength and quality while maintaining reliability.