Karachi, EMCO Industries Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on September 30, 2021 at Lahore.
The agenda of the meeting will be confirming the minutes of Annual General Meeting held on September 18, 2020, to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended June 30, 2021 together with the Directors and Auditors Reports thereon, to approve cash dividend @ 10% i.e. Rs. 1 per share as recommended by the Board of Directors, to be paid to all shareholders of the Company, to appoint auditors for the year ending June 30, 2022 and fix their remuneration and to transact any other business with the permission of the chair.
Further, the closed period of the company is from September 01, 2021 to September 01, 2021 (both days inclusive).
EMCO Industries Limited was incorporated as a Joint Stock Company in Pakistan on August 17, 1954 by the name of Electric Equipment Manufacturing Company (Private) Limited. Later, it was converted into a public company on August 20, 1983 and its name was changed to EMCO Industries Limited on September 12, 1983. The Company is principally engaged in the manufacture and sale of high / low tension electrical porcelain insulators and switchgear.
The shares of the Company are 34,999,667. The Earnings per shares of the Company is 3.37 in 2020 which was 4.13 in 2019. Their Profit after Taxation is 117,899,000 in 2020 which was 144,539,000 in 2019.