Day: April 1, 2024

Faisalabad, Chenab Limited has informed the Pakistan Stock Exchange (PSE) that it will not distribute dividends, bonuses, or rights for the current period. The company has not specified a period for the closure of transfer books but has indicated that the ex-date is April 15, 2024. The process for this notice will begin at 11:30 AM on the mentioned ex-date, affecting all shareholders equally.

Karachi, In a recent transaction on the Pakistan Stock Exchange (PSE), Muhammad Omer Farooq, a director of Kohinoor Energy Limited, acquired 16,500 shares of the company on March 29, 2024. The shares were purchased at a rate of 37.47 PKR per share through the Central Depository Company (CDC).

This transaction has been officially disclosed in accordance with the PSX Regulations under clause No. 5.6.1.(d), which mandates the reporting of trades by directors, CEOs, executives, their spouses, and substantial shareholders of listed companies. The details of the transaction will be reviewed in the upcoming board meeting of Kohinoor Energy Limited. This review will include an examination of compliance with the necessary regulatory requirements.

Additionally, the company has confirmed that the holding period for these shares exceeds six months. This is in line with the Securities Act, 2015, which requires that profits from transactions within a six-month period be returned to the Securities and Exchange Commission of Pakistan (SECP) under intimation to PSX. The commitment to these regulations underlines the transparency and governance standards upheld by participants in the Pakistan Stock Exchange.

Karachi, WorldCall Telecom Ltd., operating with a considerable paid-up capital of Rs. 49,822.89 million, showed a minimal closing rate fluctuation, ending at Rs. 1.30 against an average of Rs. 1.29. Despite its large capital base and market presence since 2005, the company did not declare any dividend, maintaining a low-price stock position with a previous high of Rs. 1.16.

Karachi, Bank Alfalah Limited has completed the distribution of its final cash dividend for the fiscal year ended December 31, 2023. Shareholders of the Bank were informed that a final cash dividend of Rs.5 per share, constituting a 50% dividend, was approved during the 32nd Annual General Meeting on March 20, 2024. This dividend has been directly credited into the designated bank accounts of entitled shareholders who were registered in the Members' register at the close of business on March 14, 2024, and who have provided their valid National Identity Card Number (CNIC) and complete bank account/IBAN details.

The bank has enabled shareholders to access the Centralized Cash Dividend Register (CCDR) developed by CDC to retrieve details of their cash dividends. This facility is accessible through a provided web link, ensuring shareholders can conveniently obtain records for their dividends.

In compliance with the Companies (Distribution of Dividends) Regulations, 2017, Bank Alfalah has withheld the payment of cash dividends for shareholders whose CNIC and/or IBAN details are missing. The bank has issued letters and multiple reminders to these shareholders, urging them to provide the necessary information along with a legible copy of a valid CNIC to facilitate the release or credit of their withheld dividends.

Bank Alfalah's commitment to regulatory compliance and shareholder convenience is reflected in its diligent distribution process and the provision of online tools for dividend tracking. Shareholders are encouraged to update their details to avoid any inconvenience in future dividend disbursements.

Karachi, Arif Habib Corporation Limited (AHCL), a prominent player in Pakistan's fertilizer sector, reported a closing rate of Rs. 39.85, with a daily weighted average rate of Rs. 39.76, as disclosed in the latest financial figures from the Pakistan Stock Exchange. The company, which has a paid-up capital of Rs. 4,083.75 million, declared a distribution of 40% for the fiscal year ending in 2024, maintaining its position with a par value of Rs. 10 and a market lot of 500. Notably, the company has not announced any distribution for the previous year. AHCL, which was listed in 2001, reported an EPS of Rs. 33.15 for the January-March 2024 period, reflecting its consistent financial performance.

Karachi, An emergent meeting of the Board of Directors of Otsuka Pakistan Ltd is scheduled to take place on Monday, April 8, 2024, in Karachi. The meeting's agenda includes consideration of business matters other than financial results. In connection with this meeting, Otsuka Pakistan Ltd has declared April 2, 2024, to April 8, 2024, as a "Closed Period" for the company. During this time, trading of the company’s shares by directors, CEO, CFO, company secretaries, and their spouses is not permitted under the rules governing insider trading. The members of the Pakistan Stock Exchange have been informed to ensure compliance with the regulatory requirements.

Karachi, Engro Fertilizers Ltd. (EFERT), known for its significant contribution to Pakistan's agriculture sector, recorded a notable closing rate of Rs. 146.37 and a daily weighted average rate of Rs. 146.97. With a robust paid-up capital of Rs. 13,352.99 million, the company revealed a substantial distribution of 135% for 2022 and an impressive 205% for 2023, at a par value of Rs. 10 and a market lot of 1. Since its listing in 2014, EFERT demonstrated outstanding financial performance with an EPS of Rs. 112.65 for the January-March 2024 quarter, signaling strong profitability and market leadership.

Islamabad, Engro Powergen Qadirpur Limited has announced the resignation of Mr. Yusuf Jamil Siddiqui from its Board of Directors, effective March 31, 2024. The company informed the Pakistan Stock Exchange about this change in a recent filing.

According to the notification, the casual vacancy caused by Mr. Siddiqui's resignation will be addressed by the Board of Directors in the forthcoming period. The TRE Certificate Holders of the Exchange have been advised of this development.

Karachi, Engro Corporation Limited (ENGRO), a cornerstone in the fertilizer industry of Pakistan, announced its financial outcomes with a closing rate of Rs. 359.55 and a daily weighted average rate of Rs. 359.01. The company boasts a paid-up capital of Rs. 5,366.27 million and has set a new benchmark with distributions of 340% for 2022 and 480% for 2023, maintaining a par value of Rs. 10 and a market lot of 1. Listed since 1968, ENGRO revealed an EPS of Rs. 294.4 for the first quarter of 2024, highlighting its exceptional financial health and sustained growth.

Islamabad, In a significant leadership change, Pakistan Telecommunication Company Limited (PTCL) has announced the appointment of Capt. (Retd.) Muhammad Mahmood as its new Chairman. The change takes effect from April 1, 2024, marking a new chapter in the company's history. Mahmood succeeds Mr. Hassan Nasir Jamy, who previously held the position.

The announcement was made through an official communication to the Pakistan Stock Exchange (PSE), ensuring that the TRE Certificate Holders were duly informed of this key organizational change.