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Appointment of Chairman and Chief Executive Officer of Agritech Limited

Karachi, Agritech Limited informed Pakistan Stock Exchange that Mr. Sardar Azmat Babar Chauhan and Mr. Faisal Muzammil has been appointed as Chairman and Chief Executive Officer of the Company with effect from July 16, 2021.

Agritech Limited was incorporated in 1959. The principal business of the Company is production and sale of Urea and Granulated Single Super Phosphate fertilizer. The shares of Agritech Limited Pakistan are quoted in Pakistan Stock Exchange, and used the symbol “AGL” for the shares of the Company.

The total number of shares the company has issued so far are 392,430,000 where the Earnings per Share in 2020 is (10.95) which was (1.66) in 2019. The Company had a loss of Rs. 4,296,900,000 in 2020 compared to a loss of Rs. 652,777,000 in 2019