Day: June 28, 2021

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Interim Distribution of Lakson Investments Limited

Karachi, Lakson Investments Limited informed Pakistan Stock Exchange that the Chief Executive Officer of the Lakson Investmemts Limited – the Management company of the Lakson Income Fund, the Lakson Tactical Fund and Lakson Islamic Tactical Fund (hereinafter collectively called as Funds) under the authority of the Board of Directors has approved the interim distribution for the period ended June 26, 2020.

Lakson Investments Limited, the investment management arm of The Lakson Group, is licensed by the Securities & Exchange Commission of Pakistan to provide asset management and investment advisory services under the Non-Banking Finance Companies Rules, 2003 and Notified Entities Regulations, 2008.

Lakson Investments currently manages six unique open end mutual funds. The Lakson Money Market Fund (LMMF) is designed for those with a short term investment horizon, the Lakson Income Fund (LIF) caters to those with an intermediate investment horizon and the Lakson Equity Fund (LEF) provides diversified exposure to domestic stocks.

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Extraordinary General Meeting of Suraj Cotton Mills Limited

Karachi, Suraj Cotton Mills Limited informed Pakistan Stock Exchange that the resolution passed and adopted by the shareholders of the Company in its Extraordinary General Meeting held on June 28, 2021 through video link, to transact, the approval of the members of the Company be and is hereby accorded and the Company be and is the Companies Act, 2017 to make further long term equity provisions of Rs. 8,242,500/- by way of subscription of 412,125 Right Shares at a price of Rs. 20/- each including a premium of Rs. 10/- each of M/s the Crescent Textile Mills Limited an associated Company.

Suraj Cotton Mills Limited is a company incorporated in Pakistan. It is a public limited company the foundations of which are laid under the Companies Ordinance, 1984. The principal business activity of the company is a manufacture, trading and sale of yarn. It is also engaged in the processing of cloth. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Lahore.

The symbol “SURC” is being used by the stock exchange for the shares of Suraj Cotton Mills Limited.

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Sukuk Certificates 18th Profit of Byco Petroleum Pakistan Limited

Karachi, Byco Petroleum Pakistan Limited informed Pakistan Stock Exchange that they need to distribute 18th Profit/Redemption payment to the Sukuk holders of the Company on July 19, 2021 for which a corporate action has been served to operation department of the Central Depository Company of Pakistan Limited.

Byco Petroleum Pakistan Limited was incorporated in Pakistan as a public limited company on January 09, 1995. The Company currently operates two business segments namely Oil Refinery Business and Petroleum Marketing Business and logistics. Petroleum Marketing Business was formally launched in 2007. Byco has refining capacity of 155,000 barrels a day, converting crude oil into various saleable components including Liquefied Petroleum Gas, Light Naphtha, Heavy Naphtha, High Octane Blending Component, Motor Gasoline, Kerosene, Jet Fuels, High Speed Diesel and Furnace Oil.

The total number of shares the company has introduced are 5,329,884,706. The Earnings per share is (0.46) in 2020 which was (0.32) in 2019. The Company has a loss of 2,430,499,000 in 2020 compare to 1,683,700,000 in 2019.

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Conversion of Physical Shares of AL-Noor Sugar Mills Limited

Karachi, AL-Noor Sugar Mills Limited informed Pakistan Stock Exchange that the shareholders of the Company having physical folios/shares certificates are requested to convert their shares from physical form into Book-entry form as soon as possible.

Al-Noor Sugar Mills Limited was incorporated in Pakistan on August 08, 1969 as a public limited company.

The Company is listed on Pakistan Stock Exchanges Limited. The principal activities of the Company are manufacturing sugar, medium density fiber (MDF) board, power generation and its sale. The registered office is situated in Karachi, where the manufacturing facilities are located at Nawabshah (province of Sindh)

The Symbol “ALNRS” is being used for the shares of the Company.

The total number of shares the company has issued are 20,473,755. Earnings Per Share in 2020 is 9.89 which was 9.25 in 2019. The Profit After Taxation in 2020 is 202,463,000 which was 189,334,000 in 2019.

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Entity Rating of Allied Bank Limited

Karachi, Allied Bank Limited informed Pakistan Stock Exchange that the Pakistan Credit Rating Agency Limited has maintained entity ratings of the Bank.

Allied Bank Limited is incorporated in Pakistan under the Companies Ordinance, 1984. It is a scheduled bank, engaged in commercial banking and related services. The Bank operates a total of 948 branches in Pakistan, 1 branch in Karachi Export Processing Zone Branch, and 1 wholesale banking branch in Bahrain. The subsidiary of the company includes ABL Asset Management Company Limited. The bank is listed on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the bank is situated at Lahore.

The services of the company are in the personal and business banking segment. The services of the bank in the banking segment includes everyday accounts, lifestyle banking, savings and term deposits, credit and debit cards, domestic remittances, banc-assurance and e-banking services.

The symbol “ABL” is being used by the stock exchanges for the shares of Allied Bank Limited.

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Daily Dividend Distribution of Atlas Asset Management Limited

Karachi, Atlas Asset Management Limited informed Pakistan Stock Exchange that the above entitlement will be distributed to the unit holders whose names appeared in the register of unit holder of the Plan under management at the close of the business day on June 25, 2021.

Atlas Asset Management Limited (AAML), an Atlas Group Company, was incorporated on 20 August 2002 as an unlisted public limited company and is registered with the Securities and Exchange Commission of Pakistan as an asset management company for managing open-ended funds and closed end funds. AAML is also a licensed pension fund manager to manage voluntary pension funds.

AAML is a wholly owned subsidiary of Shirazi Investments (Pvt.) Limited (SIL). As the parent company, SIL sponsors Atlas Group projects. Atlas group is a diversified group dealing in engineering, financial services, real estate & trading.

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Board Meeting in Progress of Crescent Steel and Allied Products Limited

Karachi, Crescent Steel and Allied Products Limited informed Pakistan Stock Exchange that a meeting of the Board of Directors of the Company scheduled to be held on June 28, 2021 at Karachi to consider and approve corporate strategy, operating and capex budget for the financial year 2021-2022, is in progress.

Crescent Steel and Allied Products Limited was incorporated on August 1, 1983 as a public limited company in Pakistan under the Companies Ordinance, 1984. The steel segment of the company manufactures large diameter spiral submerged arc welded steel line pipes and a pipe coating facility capable of applying multi and single layer, high density polyethylene internal and external coatings. The shares of the company are quoted on the Karachi, Islamabad and Lahore Stock Exchange of Pakistan. The registered office of the company is located at Lahore.

The steel segment operates an engineering unit, capable of fabricating and erecting reliable machinery at par with international standards. The unit is located in Faisalabad and caters primarily to the sugar, cement, paper and dairy industries. The Cotton segment comprises of two spinning units, CCP-I with 19,680 spindles and CCP-II (currently not operational) with 25,344 spindles. The Cotton segment operates under the title “Crescent Cotton Products, a division of Crescent Steel and Allied Products Limited” and with the operational unit, has the capability of producing 500 bags of high quality cotton carded yarn, in counts ranging from 6s to 30s.

The company operates two fully owned subsidiaries in the capital markets and power sectors, CS Capital Private Limited and Shakarganj Energy Private Limited, respectively.

The symbol “CSAP” is being used by the stock exchanges for the shares of Crescent Steel and Allied Products Limited.

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Board Meeting other than Financial Result of Macter International Limited

Karachi, Macter International Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on June 26, 2021 at Karachi to consider the approve Annual Budget for the Year 2021-2022.

Macter International Limited is amongst the leading Pharmaceutical companies in Pakistan. Macter is a public limited company and has a successful 30 years track record in the manufacturing of pharma formulations. The principal activity of the company is to manufacture and market pharmaceutical products. The company enjoys a sterling reputation of quality and is amongst the top 5 manufacturers by volume. Macter has strong corporate governance structure and systems. In view of Macter’s capabilities and growth prospects, International FI’s have recently invested into the company.

As a company, our first responsibility is to our customers – the doctor who prescribes our product and the patient who uses them. To meet their needs satisfactorily on a long-term horizon, quality consciousness and teamwork is ingrained in all our employees at all levels. As an employer, we recognize the individuality of each employee and seek to develop his/her potential, providing fair compensation in a healthy and safe working environment. As a civic-minded institution, we believe in supporting causes that protect our natural surroundings and uplift the health and educational standards of our community. As a firm in a competitive market, we seek to constantly introduce new and innovative products and systems to meet the changing needs of our customers.

Currently Macter’s business areas are Contract manufacturing and branded generic formulations. Macter is the largest contract manufacturer in Pakistan particularly for the multinational companies with one of the most advanced production facilities offering a wide range of dosage forms: Oral solids and liquids, Parenterals (ampules and vials), Topicals, Metered dose Inhalers, Ear and Eye drops.

Dedicated facilities are available for Cephalosporins, Penicillins& Biologics. The manufacturing operations meet international cGMP standards and are quality management system ISO 9001:2008 certified. Macter’s contract manufacturing clients include a number of blue chips multinationals.

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Board Meeting in Progress of International Industries Limited

Karachi, International Industries Limited informed Pakistan Stock Exchange that a meeting of the Board of Directors of the Company scheduled to be held on June 28, 2021 at Karachi to consider the agenda other than financial results in in progress.

The International Industries Limited was established as Sultan Chinoy & Company in Pakistan in 1948. Later it was incorporated as International Industries Limited along the development process. It became a public limited company in 1984. IIL is in the business of producing of GI pipe, steel tubes and pipes, API line pipe & polyethylene line pipes globally. The registered office of the company is located in Karachi. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan.

The manufacturing capacity of the company is 300,000 tons of small diameter steel pipe with OD range (12.70mm – 168mm). The company has plant and storage area of 25 acres along with a power generating capacity of 4MW.

The symbol “INIL” is being used by the stock exchange for the shares of International Industries Limited.

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Board Meeting in Progress of BIPL Securities Limited

Karachi, BIPL Securities Limited informed Pakistan Stock Exchange that a meeting of the Board of Directors of the Company scheduled to be held on June 28, 2021 at Karachi to consider the agenda other than financial results. Is in progress.

BIPL Securities Limited was incorporated in Pakistan on October 24, 2000 under the Companies Ordinance, 1984. The company is a subsidiary of KASB Bank Limited which acts as a parent company. The holding includes 77.12% of the shares of the group. The operations of the company were effectively commenced from January 01, 2003. The assets and liabilities of the securities segment of the then Khadim Ali Shah Bukhari and Company Limited under the scheme of arrangement approved by the High Court of Sindh. The shares of the company are listed on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi.

The company has corporate membership of the Karachi Stock Exchange Limited and Pakistan Mercantile Limited. The company is principally engaged in the business of stocks, money market, foreign exchange and commodity broking. The company also invests in a mix of listed and unlisted equity and debt securities, economic research and advisory services.

The subsidiary of the company is Structured Venture Limited which was incorporated in Pakistan on June 25, 2010. It is wholly owned by KASB Securities Limited.

The symbol “KASBSL” is being used by the stock exchange for the shares of KASB Securities Limited.

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Board of directors meeting of Ghani Global Glass Limited

Karachi, Ghani Global Glass Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on June 28 2021 at Karachi. The agenda of the meeting has to approve the MOU signed by the Company with a Serbian out in the form of joint venture with the Serbian Company with 50% sharing ratio for manufacturing of glass ampoules and Vials from glass tube to be supplied by the Company.

The Company was incorporated during October 2007 in the name of Ghani Tableware (Pvt) Limited. During July 2008 the company was converted into public company. During January 2009, name of the company was changed to GHANI GLOBAL GLASS LIMITED.

The company has been setting up a Brand New State-of-the-Art fully automated glass tubing manufacturing plant, f world’s top ranking European Brand. The installed capacity of the plant to produce international standard Glass Tubing up to 24 tons / per day.

Plant and machinery have been imported from world’s renowned manufacturers of glass manufacturing machinery from Italy, Japan, Germany, UK and China.

The symbol “GGGL” is being used by the stock exchanges for the shares Ghani Global Glass Limited.