Karachi, Shaffi Chemical Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on September 30, 2021.
The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2021 which portrayed a loss of Rs. 4,155,327 with loss per share 0.35 basic and diluted respectively.
Further, nil 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 27, 2021 (both days inclusive).
The Company was incorporated as Public Limited Company on 27th September 1994. The main activity of the company is to manufacture and process of Di-OctyleOrtho Phathalates (DOP) Chemicals. Currently the company is to produce Lith and Diltex Binder.
The total numbers of shares are 12,000,000. The Earnings per share is (0.60) in 2020 which was (0.52) in 2019. The Company had a loss of Rs. 7,168,000 in 2020 which was 6,211,000 in 2019.