Resignation of Director of Dynea Pakistan Limited

Karachi, Dynea Pakistan Limited informed Pakistan Stock Exchange that Mr. Murtaza Lalan has resigned as director of the Board of the Company with effect from September 01, 2021.

Dynea Pakistan Limited was incorporated on June 20, 1982 in Pakistan as a Public Limited Company. The Company is principally engaged in the production and sale of formaldehyde, urea and melamine-formaldehyde resins and adhesives, molding compounds and glazing powder. These materials have a wide variety of applications for use in wood-based panels, decorative surfaces and tableware. Dynea’s production is currently spread over two plants located in Hub – Balochistan and Gadoon – Khyber Pakhtunkhwa.

The Shares of the Company in total are 118,872,400. The Earnings per shares of the company is 13.42 in 2020 which was 12.02 in 2019. Their Profit after Taxation is 253,349,000 in 2020 which was 226,901,000.