Category: Board Meetings

Karachi, In a recent development, the Board of Directors of Ghandhara Tyre and Rubber Company Limited has made significant decisions regarding the company's future. Through a Circular Resolution dated 15 June 2023, the board announced the cancellation of the Extraordinary General Meeting (EOGM), which was scheduled to take place on 22 June 2023. Additionally, the previously approved increase in authorized share capital, decided in the Emergent Board meeting held on 31 May 2023, has been abandoned.

As a result of these decisions, the determination of the closed period for the EOGM, initially set to run from 16 June 2023 to 22 June 2023, has been rendered null and void.

The Ghandhara Tyre and Rubber Company Limited's Board of Directors has taken these measures to reassess and review the previously planned changes and resolutions, ensuring that they align with the company's long-term goals and objectives. Shareholders and members of the company can expect further updates and discussions on these matters during the upcoming Annual General Meeting.

Karachi, UBL Fund Managers Limited, under the authority granted by its Board of Directors, has announced the approval of interim distributions for two of its investment plans.

AL-AMEEN ISLAMIC CASH PLAN-I, operating under the AL-AMEEN ISLAMIC CASH FUND, will receive an interim cash dividend of Re.0.0537 per unit, equivalent to 0.05% for the period ending on June 15, 2023.

Similarly, UBL SPECIAL SAVINGS PLAN-V will also receive an interim cash dividend of Re.0.0803 per unit, representing 0.08% for the period ending on June 15, 2023.

The above-mentioned entitlements will be credited to unit holders whose names appeared in the register of unit holders at the close of business on June 15, 2023.

Investors in these funds can expect to receive the respective interim distributions in accordance with their holdings. The approved distributions reflect the commitment of UBL Fund Managers to provide regular returns to its valued unit holders.

This announcement highlights the company's dedication to transparency, profitability, and the delivery of favorable results to its investors. UBL Fund Managers remains committed to creating value for its stakeholders and maintaining the trust and confidence of its unit holders.

Karachi, Al-Abbas Sugar Mills Limited has decided to cancel its highly anticipated Extraordinary General Meeting (EOGM) scheduled for June 21, 2023. The Board of Directors made the decision to withdraw the notice of the EOGM along with all agenda items that were initially slated for discussion during the meeting. Additionally, the previously communicated book closure has also been canceled.

The abrupt cancellation has left shareholders and investors speculating about the reasons behind this unexpected change in plans. The EOGM was expected to address crucial matters concerning the company's future strategies, financial performance, and potential expansion plans. However, the board's decision to withdraw the meeting and its agenda items has raised questions about the company's intentions and management's stance.

Investors and shareholders are now eagerly awaiting an official statement from the company, hoping for clarity on the reasoning behind the cancellation and the next steps for Al-Abbas Sugar Mills Limited. The board's decision to withdraw the EOGM and its agenda items has undoubtedly left stakeholders in a state of uncertainty, as they seek transparency and reassurance regarding the company's future plans.

Karachi, Ghani Chemical Industries Limited has rescheduled its highly anticipated Extra-Ordinary General Meeting (EOGM) originally set for Monday, July 10, 2023. The company informed shareholders that the meeting will now take place on Monday, July 24, 2023.

The decision to reschedule the EOGM was made to ensure the maximum participation of shareholders and provide ample time for preparations. Ghani Chemical Industries Limited is committed to conducting a transparent and inclusive meeting where important matters will be discussed and decisions will be made.

The rescheduled EOGM holds great significance for both the company and its shareholders. During the meeting, crucial matters pertaining to the future direction, growth strategies, and key decisions regarding the business will be put forth for discussion. Shareholders will have the opportunity to express their opinions, vote on resolutions, and contribute to the decision-making process.

Karachi, First UDL Modaraba has announced that an Extraordinary General Meeting (EOGM) will take place on Friday, July 14, 2023, in Karachi. The Board of Directors made this decision during their recent meeting, aiming to address important matters concerning the organization's future.

The EOGM Notice is set to be published by or before June 24, 2023, providing shareholders with the necessary information and documents related to the meeting. The notice will outline the agenda items, including key decisions that require the approval or input of the shareholders.

As the details of the EOGM Notice become available, shareholders can expect to receive comprehensive information on the location, time, and agenda items of the meeting. First UDL Modaraba remains committed to maintaining strong communication channels with its shareholders, ensuring their voices are heard, and upholding the principles of good corporate governance.

Karachi, In a surprising turn of events, Atlas Battery Limited has announced the cancellation of its Extraordinary General Meeting (EOGM) scheduled for June 21, 2023. The decision comes after the company's Board of Directors withdrew the agenda items related to the increase in authorized share capital and respective alterations association, which were previously recommended in their meeting held on May 30, 2023.

The shareholders of Atlas Battery Limited have been notified of the cancellation through an official notice. This unexpected development has left investors and stakeholders speculating about the reasons behind the sudden change in plans. Some industry experts believe that the decision might be influenced by internal factors or a reassessment of the company's financial position.

Furthermore, the Board's decision to cancel the EOGM also entails the cancellation of the previously announced closure of the share transfer books of the company. The books were initially scheduled to remain closed from June 20, 2023, to June 21, 2023, inclusive.

The cancellation of the EOGM and withdrawal of the proposed agenda items have sparked curiosity within the investment community, leading to increased scrutiny of the company's future plans and strategic direction. Shareholders and analysts are now eagerly awaiting further updates and clarification from Atlas Battery Limited regarding the reasons behind these significant changes.

Karachi, In a surprising turn of events, the Board of Directors of Habib Sugar Mills Limited has announced the cancellation of the eagerly anticipated Extraordinary General Meeting (EOGM) of the Company, which had been scheduled to take place on June 23, 2023.

The decision to cancel the EOGM was reached after careful deliberation by the Board, who cited unforeseen circumstances as the primary reason behind this unprecedented move. While the specific nature of these circumstances remains undisclosed, the Board assures stakeholders that it was a necessary step taken in the best interest of the Company.

The EOGM, originally intended to serve as a platform for discussing crucial matters affecting Habib Sugar Mills Limited, had generated significant anticipation among shareholders, analysts, and industry experts. It was widely expected that key decisions regarding the future trajectory of the company, including financial strategies and operational adjustments, would be announced during the meeting.

With the cancellation of the EOGM, shareholders and stakeholders are left with unanswered questions about the Company's future plans and the implications of this sudden change. The Board, however, has assured the concerned parties that they will provide further clarification and updates in due course.

Karachi, In a surprising turn of events, Pakistan Services Limited announced the cancellation of its highly anticipated Extraordinary General Meeting (EOGM), which was scheduled to take place on June 27, 2023. The decision was made by the company's Board of Directors during a meeting held on June 15, 2023.

One of the key decisions taken by the Board was to refrain from increasing the Authorized Capital of the company, as well as to maintain the existing clauses of the Memorandum of Association and Articles of Association. This decision came as a reversal of the resolutions that were previously discussed in a Board meeting held on June 3, 2023.

Additionally, the Book Closure period that had been determined for the EOGM, spanning from June 21, 2023, to June 27, 2023, has been officially canceled.

The cancellation of the EOGM has left shareholders and investors speculating about the reasons behind this sudden change of plans. Analysts are eager to uncover the factors that influenced the Board's decision and what implications it might have for the future of Pakistan Services Ltd.

Market experts have started to speculate on potential consequences for the company's stock value and overall investor sentiment. Some shareholders, who were keen on the proposed capital increase, are likely to be disappointed by the sudden shift in plans. Others may view the cancellation as a sign of caution or a strategic move by the company.

The management team of Pakistan Services Ltd is yet to provide an official statement regarding the cancellation and reversal of decisions. Investors and stakeholders await further details on the rationale behind these unexpected developments.

As the situation unfolds, the market will closely monitor the actions of Pakistan Services Ltd, assessing how this decision will impact the company's operations, growth prospects, and the overall sentiment of the investment community.

Karachi, Dynea Pakistan Limited will convene to deliberate on the Budget 2023-24 of M/s.Dynea Pakistan Limited. The meeting will take place via video link at Karachi, ensuring seamless participation for all directors.

To comply with regulatory requirements, Dynea Pakistan Limited has announced a "Closed Period" from June 16, 2023, to June 26, 2023. During this period, directors, the CEO, and executives are prohibited from engaging in any direct or indirect transactions involving the company's shares. This restriction ensures transparency and prevents any potential conflicts of interest.

The Budget 2023-24 discussion will be a vital agenda item for the board, as it plays a crucial role in planning the company's financial trajectory for the upcoming fiscal year. By carefully considering the budget, Dynea Pakistan Limited aims to strategize effectively, allocate resources efficiently, and pursue growth opportunities while addressing any potential challenges.

Karachi, The Board of Directors of Reliance Weaving Mills Limited has made a significant decision to withdraw the proposed businesses that were set to be discussed at the Extraordinary General Meeting (EGM) scheduled for June 21, 2023. Consequently, the EGM and the associated book closure dates have been canceled.

The two businesses that were slated for discussion at the EGM were as follows: firstly, an increase in the Authorized Share Capital of the Company from Rs. 700,000,000 to Rs. 8,000,000,000, subject to member approval and amendments to the Memorandum of Association and Articles of Association. Secondly, the proposal involved a change in the method of transmitting annual audited financial statements to members, replacing physical distribution via CD/DVD/USB with the use of QR enabled codes and weblinks.

However, after careful consideration, the Board of Directors has decided to withdraw these proposals. As a result, the EGM, along with the previously communicated book closure dates, stands canceled. With no other business to be transacted, the Board's resolution to cancel the EGM reflects the Company's current course of action.

Reliance Weaving Mills Limited continues to uphold its commitment to transparency and responsible decision-making, prioritizing the best interests of the Company and its shareholders.

Karachi, Exide Pakistan Limited has scheduled a Board of Directors meeting to deliberate on the cancellation of the upcoming Extra Ordinary General Meeting. The meeting is set to take place in Karachi on June 16, 2023.

As per the notification, the company has declared a "Closed Period" from June 16, 2023, to June 16, 2023. During this period, it is strictly prohibited for any Director, CEO, or Executive, either directly or indirectly, to engage in any transactions involving the shares of the company.

The decision to cancel the Extra Ordinary General Meeting indicates a potential shift in the company's agenda or strategy. Such meetings are typically called to discuss important matters that require immediate attention or shareholder approval. The details surrounding the cancellation and the reasons behind it remain undisclosed.

Karachi, In a recent development, the Board of Directors of Saritow Spinning Mills Limited has made the decision to cancel the Extraordinary General Meeting (EOGM) that was initially scheduled to take place on June 22, 2023, in Lahore. This decision comes after the Board passed a resolution by circular, wherein they opted to withdraw the proposed businesses that were slated to be discussed at the EOGM.

One of the key proposals that have been withdrawn is the plan to increase the company's Authorized Share Capital. The Board of Directors had previously suggested an increase from Rs. 350,000,000, divided into 35,000,000 ordinary shares of Rs. 10/- each, to Rs. 450,000,000, and divided into 45,000,000 ordinary shares of Rs. 10 /- each.

As a result of the withdrawal of proposed businesses and the lack of any additional agenda items, the Board has decided to cancel the EOGM entirely. Consequently, the Book Closure associated with the meeting will also be withdrawn.