Karachi, Agha Steel Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 20, 2021.
The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2021 which portrayed a profit of Rs. 2,035,997 with earnings per share 3.80 basic and diluted respectively.
Further, nil payment of cash dividend, 5% bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from October 15, 2021 to October 22, 2021 (both days inclusive).
Agha Steel Industries Limited (ASIL) is the fully automatic leading Steel Re-Rolling Manufacturing Company in Pakistan with an annual capacity of 240,000 Metric Ton per annum.
The Company has introduced the TMT technology in the country, in conjunction with fully automated rolling mill. This has enabled the Company to produce high quality rebars having accuracy in terms of length and grade for meeting the customer’s needs.
Agha Steel Industries Limited was incorporated on 19th November 2013 as a private limited company. The Company was converted into a public limited company on 7th April 2015. The company is principally engaged in manufacturing and sale of steel bars, wire rods and billets.
The total number of shares the company has introduced so far are 576,075,293. The Profit after Taxation is 1,235,000,000 in 2020 which was 768,000,000 in 2019.