Annual general meeting of Merit Packaging Limited to be held on October 21, 2021

Karachi, Merit Packaging Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on October 21, 2021 at Karachi.

The agenda of the meeting will 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 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 October 12, 2021 to October 21, 2021 (both days inclusive).

Merit Packaging Limited was incorporated on January 28, 1980 in Pakistan as a public limited company. The Company is mainly engaged in the manufacture and sale of printing and packaging materials.

Merit Packaging Limited, associated with the Lakson Group of Companies. It operates a single factory in Karachi with an additional facility in Lahore. Its headquarters are located at Lakson Square, Karachi, Pakistan.

The total number of shares are 80,628,398. The Earnings per share is (8.59) in 2020 which was (3.85) in 2019. The Company had a loss of Rs. 692,679,000 in 2020 which was 310,536,000 in 2019.