Annual general meeting of Thatta Cement Company Limited to be held on September 01, 2021

General

Karachi, Thatta Cement Company Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on October 15, 2021 at Karachi.

The agenda of the meeting will be confirming the minutes of Annual General Meeting held on October 26, 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 consider, declare and approve final cash dividend for the year ending on June 30, 2021 at the rate of Rs. 0.25/- per share i.e. 2.5% as recommended by the Board of Directors, to appoint auditors for the year ending June 30, 2021 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 08, 2021 to October 15, 2021 (both days inclusive).

Thatta Cement Company Limited was incorporated in Pakistan in 1980 as a public limited Company. The Company’s main business activity is manufacturing and marketing of cement. The Company owns shareholding of Thatta Power (Private) Limited.

The manufacturing facility was commissioned in 1982 and the plant is based on dry process technology, had a total installed capacity of 1,000 tons per day of clinker. The plant was supplied by M/s. Mitsubishi Corporation, Japan. In the year 2004, Government of Pakistan divested its shareholding from the company through Privatization Commission.

The plant is located 115 km North East of Karachi at Ghulamullah Road, Makli, and District Thatta. In this respect, TCCL has the mining rights for extracting limestone from 2,364 acres, shale/clay from 1,121 acres and silica sand from 1,239 acres of land, respectively. The Company has further acquired mining rights of limestone for a further area of 1,240.02 acres in December 2010.

The total number of shares of the company is 99,718,125. The Earning per share is (1.58) in 2020 which was 2.14 in 2019. The Profit after Taxation in 2020 Rs. (158,018,000) which was 213,522,000 in 2019.