Karachi, Nimir Industrial Chemicals Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on September 14, 2021.
The agenda of the meeting was discussion of consolidated profit and loss account for Year ended June 30, 2021 which portrayed a profit of Rs. 2,055,732,309 with earnings per share 16.57 basic and diluted respectively.
Further, 20% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from October 20, 2021 to October 26, 2021 (both days inclusive).
Nimir Industrial Chemicals Limited, previously known as Ravi Alkalis Limited and owned by a local business family was incorporated in Pakistan on February 6, 1994. The foundations of the company are laid under the Companies Ordinance, 1984. Nimir Chemicals Company Limited, a Bermuda registered company, took over the management of the company in 1997 and consequently the name of the company was changed to Nimir Industrial Chemicals Limited in March 1998. The commercial operations of the company started from January 1, 2000. The principal activity of the company is manufacturing and sale of industrial chemical products. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges. The registered office of the company is located in Faisalabad.
The symbol “NICL” is being used by the stock exchanges for the shares of Nimir Industrial Chemicals Limited.