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All will become a part of the company Tata Textile Mills. Not only will Island Textile Mills ‘dissolve without winding up’, but so will Salfi Textile Mills, and Tata Energy. This will result in the ‘dissolution without winding up’, of Island Textile Mills. Along with all of its respective assets and liabilities, the company is to be amalgamated into Tata Textile Mills. According to a notice issued to the Pakistan Stock Exchange on September 1, Island Textile Mills is to hold an extraordinary general meeting on September 24. Which is exactly what the board decided on April 1, 2020. (One, semi-obvious, note: the Tata Pakistan industrial conglomerate has nothing to do with the much larger Mumbai-based global conglomerate that has a similar name.) While all four companies are under the umbrella of the textile group Tata Pakistan, it seemed more prudent to have some sort of merger take place. If these revolving faces sound a little silly to you, it definitely sounded more than odd to the directors of the four companies. And the board of directors for Tata Energy? Ditto. The board of directors for Salfi Textile Mills? You guessed it. And who are the board of directors of Island Textile Mills? What do you know: it is Mazar Valjee, Shahid Anwar Tata, Adeel Shahid Tata, Bilal Shaid Tata, and Farooq Advani (among others) again. Who are the board of directors of Tata Textile Mills? Why, it is Mazar Valjee, Shahid Anwar Tata, Adeel Shahid Tata, Bilal Shaid Tata, and Farooq Advani (among others).