Category: Board Meetings

Karachi, Dawood Hercules Corporation Limited informed Pakistan Stock Exchange that Annual Report of the Company for the year ended December 31, 2022 have been transmitted through PUCARS and is also available on Company’s website.

Dawood Hercules Corporation Limited is founded as Dawood Hercules Chemical Limited in 1968, is an Investment Company listed on Pakistan Stock Exchange. It is publicly listed company, and is the investment holding platform for the Dawood Hercules Group; a business family with an entrepreneurial history spanning over a century.

Dawood Hercules Corporation Limited was incorporated in Pakistan on April 17, 1968. The principal activity of the Company is to manage investments including in its subsidiary and associated companies.

The Company deploys and manages investments across a diverse range of sectors, including in its subsidiaries and associated companies, and its subsidiary, Engro Corporation Limited, is one of the largest industrial conglomerates in Pakistan, and has leveraged joint ventures to scale up businesses and enhance capabilities for handling complex Greenfield projects.

The total number of shares of the Company are 481,287,116. The Earnings per share has decreased in 2020 and is 7.75 which was 10.02 in 2019. The Profit after Taxation is 3,727,994,000 in 2020 which was 4,821,697,000 in 2019.

Karachi, AL-Noor Sugar Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on April 13, 2023 at Karachi to consider the matters other than financial results.

Further, the company has declared the closed period from April 05, 2023 to April 13, 2023.

Al-Noor Sugar Mills Limited was incorporated in Pakistan on August 08, 1969 as a public limited company.

The Company is listed on Pakistan Stock Exchanges Limited. The principal activities of the Company are manufacturing sugar, medium density fiber (MDF) board, power generation and its sale. The registered office is situated in Karachi, where the manufacturing facilities are located at Nawabshah (province of Sindh)

The Symbol “ALNRS” is being used for the shares of the Company.

The total number of shares the company has issued are 20,473,755. Earning Per Share in 2020 is 9.89 which was 9.25 in 2019. The Profit After Taxation in 2020 is 202,463,000 which was 189,334,000 in 2019.

Karachi, Gammon Pakistan Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on April 07, 2023 at Rawalpindi to consider the approve Quarterly Accounts for the period ended March 31, 2023.

Further, the company has declared the closed period from April 10, 2023to April 17, 2023.

Gammon Pakistan Limited was incorporated on August 12, 1947 as a Public Company Limited by shares. The Company is principally engaged in the execution of civil construction works. The Company is a subsidiary of Bibojee Services (Private) Limited (the holding company), a private company incorporated in Pakistan.

The total numbers of shares are 28,266,231. The Earnings per share is 0.93 in 2020 which was 1.43 in 2019. The Profit after Taxation is 26,312,000 in 2020 which was 40,404,000 in 2019.

Karachi, Pakistan Reinsurance Company Limited informed Pakistan Stock Exchange that a meeting of the Board of Directors of the Company scheduled to be held on April 03, 2023 at Karachi to First Quarter Accounts for the period ended 2022 is in progress.

Pakistan Reinsurance Company Limited was incorporated in Pakistan as a public limited company on March 30, 2000. The Company is engaged in providing of reinsurance and other insurance business.

The company provides insurance solutions to departments including Aviation, Marine Cargo, Marine Hull, Engineering, Fire and Accident. It provides reinsurance protection to the local insurance industry in view of treaty and facultative business as well as managing insurance schemes assigned by the Federal Government of Pakistan.

The total number of shares are 300,000,000. The Earnings per share is 4.64 in 2020 which was 4.95 in 2019. The Profit after Taxation is 1,391,439,000 in 2020 which was 1,484,283,000 in 2019.

Karachi, SME Leasing Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on April 06, 2023 at Islamabad to consider the impact on the Company of the decision made by the Federal Cabinet in its meeting held on March 17, 2023 to wind down the Parent Company of the company.

Further, the company has declared the closed period from April 03, 2023 to April 06, 2023.

SME Leasing Limited was incorporated as an unlisted public limited company on July 12, 2005. The company, while a still remains a subsidiary of SME Bank Limited has now become a listed Company on Pakistan Stock Exchange. The core Objective of the Company is to extend Lease and Working Capital financing facilities to small and medium enterprises of the country.

The Company was granted the Certificate for commencement of business on January 28, 2003 and under an arrangement with SME Bank Limited, the assets and liabilities of the leasing division of SME Bank Limited were transfer to the Company on January 31, 2003.

The objective for forming SMEL is to contribute monetarily, as much as possible, towards the economics growth of the country and at the same time bringing about cultural change in the uplift of the SME sector by providing client-specific financing facilities.

The Company primarily concentrates on SME sector with a vision to enhance their assets and technology capabilities. it provides a window to the SMEs with one of the largest branch networks in Pakistan. Currently the company has eight branches operating in the major cities of the country.

The symbol “SLL” is being used by the stock exchanges for the shares of SME Leasing Limited.

Karachi, SilkBank Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on April 02, 2023 at Karachi. The agenda of the meeting will to consider the agenda other than financial results for declaration of any entitlement has been rescheduled on April 05, 2023.

Further, the company has declared the closed period from April 03, 2023 to April 05, 2023.

Silk Bank Limited was incorporated in Pakistan on April 04, 1994 as a Public Limited Company. The Bank commenced commercial operations on May 07, 1995. The bank is engaged in banking services.

The Bank is listed on Pakistan Stock Exchange along with the total numbers of shares which are 9,081,861,237. The Earnings per shares of the Company was (0.44) in 2019 which was 0.15 in 2018. Their Profit after Tax was (3,953,003,000) in 2019 which 1,329,933,000 in 2018.

Karachi, MCB-Arif Habib Savings and Investments Limited informed Pakistan Stock Exchange that the Board of Directors meeting of the Company will be held on April 14, 2023, to consider and approve the Financial Statements and Interim Cash Distribution of dividend for the Quarter ended March 31, 2023.

MCB-Arif Habib Savings and Investments Limited was incorporated in the name of Arif Habib Investment Management Limited (AHIML) on 30 August 2000 as an unquoted public limited company.

During 2008, AHIML was listed on the Karachi Stock Exchange Limited (now integrated into the Pakistan Stock Exchange Limited) by way of offer for sale of shares by a few of its existing shareholders to the general public. In the same financial year, the name of AHIML was changed from “Arif Habib Investment Management Limited” to “Arif Habib Investments Limited” (AHIL).

The total numbers of shares are 72,000,000. The Earnings per share is 5.23 in 2021 which was 3.58 in 2020. The Profit after Taxation is 376,434,000 in 2021 which was 257,669,000 in 2020.

Karachi, Service Industries Textiles Limited informed Pakistan Stock Exchange that a meeting of the Board of Directors of the Company scheduled to be held on March 30, 2023 at Lahore to consider Annual Accounts for the year ended December 31, 2022 is in progress.

Service Industries Textiles Limited was incorporated in Pakistan in 1962 as a Private Limited Company and was subsequently converted into a Public Limited Company in 1970. The principal activity of the Company is manufacturing and sale of yarn made from raw cotton and synthetic fiber.

The total numbers of shares are 13,787,567. The Earnings per share is (5.63) in 2020 which was 8.34 in 2019. The Profit after Taxation is (25,042,000) in 2020 which was 37,114,000 in 2019.

Karachi, Sui Southern Gas Company informed Pakistan Stock Exchange that board of directors meeting of the company which was scheduled to held on March 29, 2023 has been rescheduled on April 01, 2023 at Karachi.

"Sui Southern Gas Company Limited’s main activity is transmission and distribution of natural gas in Sindh and Baluchistan. The Company is also engaged in certain activities related to the gas business including the manufacturing and sale of gas meters and construction contracts for laying of pipelines.

The total number of shares are 880,916,400. The Earnings per share is (20.88) in 2019 which was (16.86) in 2018. The Company had a loss of Rs. 18,394,768,000 in 2019 which was 14,848,208,000 in 2018."

Karachi, PICIC Insurance Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on April 04, 2023 at Karachi. The agenda of the meeting shall be consideration of annual accounts for the period ended December 31, 2022.

Further, the closed period of the company shall be from March 30, 2023 to April 04, 2023 (both days inclusive).

"PICIC Insurance Limited was incorporated on April 23, 2004 under the Companies Ordinance 1984 as a public limited company and registered as a non-life insurance company by the Securities and Exchange Commission of Pakistan under the insurance ordinance, 2000. The registered office of the company is located at Karachi. The company is listed on the Karachi, Lahore and Islamabad stock Exchanges of Pakistan.

PICIC Insurance Limited is a part of the Temasek Group operating in Pakistan. NIB Bank Limited a subsidiary of the Temasek Group in Pakistan is a shareholder of PICIC Insurance Limited with a 30% stake.

The symbol “PIL” is being used by the stock exchange for the shares of PICIC Insurance Limited."

Karachi, Packages Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on March 24, 2023.

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for Year ended December 31, 2022 which portrayed a profit of Rs. 3,867,758,000 and Rs. 6,979,829,000 with earnings per share 43.27 and 77.49 basic and diluted respectively.

Further, 275% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from April 20, 2023 to April 28, 2023 (both days inclusive).

Packages Limited is a public limited company incorporated in Pakistan. It is principally engaged in the manufacture and sale of packaging materials and tissue products. The Company also holds investments in companies.

The total numbers of shares are 89,379,504. The Earnings per share is 31.55 in 2020 which was 15.06 in 2019. The Profit after Taxation of the Company is 2,819,524,000 in 2020 which was 1,346,303,000 in 2019.

Karachi, Highnoon Laboratories Limited informed Pakistan Stock Exchange about transaction of shares of the company. 850 shares @ Rs. 472.10 per share were sold in the market on March 21 2023 through CDC.

"Highnoon Laboratories Limited was incorporated in Pakistan. The Company is principally engaged in the manufacture, import, sale and marketing of pharmaceutical and allied consumer products.

The total numbers of shares are 38,076,441. The Earnings per share is 41.01 in 2020 which was 28.05 in 2019. The Profit after Taxation is 1,420,736,000 in 2020 which was 971,013,000 in 2019. "