Karachi, Chenab Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Faisalabad on January 03, 2022.
The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2021 which portrayed a loss of Rs. 281,858,960 with loss per share 2.45 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Chenab Limited is a Public Limited Company incorporated in Pakistan. The primary activities of the Company is export all kinds of values added fabrics, textile made ups, casual and fashion garments duly processed. The cloth processing unit, stitching units, weaving units, and spinning units.
Chenab Limited has set up a 12.6 MW natural gas based power generation facility, with heat exchanger and waste heat steam boilers for its operations.
The number of shares the company has introduced are 115,000,000. The Earnings per share is (3.39) in 2016 which was (4.17) in 2015. The Company has a loss of 389,704,000 in 2016 which was 479,385,000 in 2015.