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Board of directors meeting of Berger Paints Pakistan Limited

Karachi, Berger Paints Pakistan Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 21, 2021 through video link. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from September 15, 2021 to September 21, 2021.

Berger Paints Pakistan Limited was incorporated in Pakistan on 25 March 1950 as a Private Limited Company and then subsequently became a public limited company in 1974, when 49.38% of its shares were acquired by Pakistani investors, while the remaining 50.62% were held by U.K. parent company, Jenson & Nicholson Limited. In 1991 Slot rapid Limited, a U.K. based company with diversified business interests, acquiring control of Berger Paints Pakistan Limited by gaining 50.62% shares of the company. In 2006, Berger established manufacturing facility in Lahore. The company has regional offices in Karachi, Lahore, Islamabad and Territorial Offices in Gujranwala, Multan, Faisalabad, Peshawar and Hyderabad.

The principle business activity of the Company is manufacturing and trading of paints, varnishes and other related items. The shares of the Company are quoted on Pakistan Stock Exchange and used the symbol “BERG” for the shares of the Company.

The number of shares the company has introduced are 20,459,710. The Earnings per shares has decreased in 2020 and is 3.63 whereas in 2019 it was 4.93. The profit after taxation in 2020 is 74,307,000 which was 100,825,000 in 2019.