S.F Textile Industries Limited will merge with Far Chemical Limited, a pharmaceutical and chemical company listed in the capital market. The company has fixed record date for allotment of shares.

This information is known from DSE sources.

It is known that the company has fixed the record date on October 31. The company will form a new board on this day. The accounts of the amalgamation of the two companies will be prepared and published. The merger of the two companies has been cleared by the BSEC. The company has been asked to follow the directions of the High Court in this regard.

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