Material Information of Service Fabrics Limited

Karachi, Service Fabrics Limited informed Pakistan Stock Exchange that the Honorable Justice Shams Mehmood Mirza, the Judge of Lahore High Court (LHC), in the hearing on Jun 28th, 2021, has disposed off the winding up case (CO No 10 of 2016) against Service Fabrics (Company), after the receipt of no objection from SECP, to the shareholders’ approved revival business plan, passed by the Company in its Extra Ordinary General Meeting, held on May 29th, 2021 (copy of LHC order is enclosed herewith).

Service Fabrics Limited (SFL) is a public limited company (listed on Stock Exchanges). The company was incorporated in 1987 and is equipped with 96 Sulzer shuttleless looms, sizing from Zell and warping from Beginner. The project is situated at Manga, Lahore, with a capacity to produce nearly 20.000 million meters grey cloth per annum of various constructions. Almost entire production of the company is being exported to Far East & Europe with more than Rs. 725,000 million annual sales. In 1997, Service Fabrics was awarded a special merit trophy from the Federation of Pakistan Chamber of Commerce and Industry (FPCCI).

The symbol “SERF” is being used by the stock exchanges for the Service Fabrics Limited.

Approval of Company Strategy and Operating Budget of Crescent Steel and Allied Products Limited

Karachi, Crescent Steel and Allied Products Limited informed Pakistan Stock Exchange that the Board of Directors of the Company in their meeting held on June 28, 2021 have considered and approved the Company Strategy and Operating and Capital Expenditure Budget of the Company for the year 2021-2022.

Crescent Steel and Allied Products Limited is a conglomerate corporation listed on the Pakistan Stock Exchange Limited as ‘CSAP’, and thereby is a Public Interest Company. They have started operations with a pipe manufacturing facility in March 1987. The Company now operates five segments Steel, Cotton, Investment and Infrastructure Development (IID), Energy and Hadeed (Billet) segment. The Shares are quoted on Pakistan Stock Exchange Limited.

The total shares of the Company introduced are 77,632,491. The Earnings per share has decreased in 2020 and is (0.22) which was 1.85 in 2019. Their Profit after Taxation has also decreased in 2020 and is (17,124,000) which was 143,476,000 in 2019.

Unpaid Right Shares of Dandot Cement Company Limited

Karachi, Dandot Cement Company Limited informed Pakistan Stock Exchange that unpaid rights of the Company have been credited in the Central Depository System at end of day June 28, 2021.

Dandot cement Company Limited is a public limited company, was incorporated in Pakistan, on 1980. The company started its production on March 01, 1983 and has been engaged in production and marketing of cement.

Dandot Cement Plant was installed in 1982 by State Cement Corporation of Pakistan. The plant was supplied and erected by Mitsubishi Heavy Industries (MHI) Japan. The kiln was designed for a rated capacity of 1,000 M.Ton of clinker per day. The company is a subsidiary of Calicom Industries (Pvt.) Limited.

The total number of shares of the Company are 94,840,000. The Earnings per shares of the company is (7.33) in 2020 which was 6.59 in 2019. The Profit After Taxation in 2020 is (695,056,000) which was 624,545,000 in 2019.

Interim Cash Dividend of Oil and Gas Development Company Limited

Karachi, Oil and Gas Development Company Limited informed Pakistan Stock Exchange that the interim cash dividend @ Rs. 1.80 per share, ie. 18% for the year ending June 30, 2021 has been credited into the designated bank accounts of the shareholders of the Company on June 29, 2021.

Oil and Gas Development Company Limited was incorporated in Pakistan on October 23, 1997 under the Companies Ordinance, 1984. The operations of the company include exploration, drilling operation, process and plants production, reservoir management, engineering support and commercials. The registered office of the company is located in Islamabad. The stocks of the company are quoted on the Karachi, Lahore and Islamabad stock exchanges of Pakistan. The global depositor’s shares of the company are listed on the London Stock Exchange.

The company has oil and gas fields located in all the four provinces of Pakistan. The equipment and operational base of the company include drilling rigs, work over rigs, geological field party, seismic parties, engineering field parties, gas gathering and pipeline construction party, seismic data processing centre, geological analysis laboratory, wire line logging unit, cementing units and data logging unit.

The associated company of OGDCL is Mari Petroleum Company Limited. The membership of the company is of Petroleum Institute of Pakistan, Pakistan Petroleum Exploration and Production Companies Association, Management Association of Pakistan, Society of Petroleum Engineers, Pakistan Association of Petroleum Geoscientist, World Wild Fund and World Energy Council.

The symbol “OGDC” is being used by the stock exchange for the shares of Oil and Gas Development Company Limited.

Appointment of Director of National Bank of Pakistan

Karachi, National Bank of Pakistan informed Pakistan Stock Exchange that Mr. Ahsan Ali Chughtai has been appointed as Director of the Company with effect from June 21, 2021.

National Bank of Pakistan was incorporated in Pakistan under the National Bank of Pakistan Ordinance, 1949. The bank is engaged in providing commercial banking and related services in Pakistan and overseas. It also handles treasury transactions for the Government of Pakistan as an agent to the State Bank of Pakistan. The operational branches of the bank in Pakistan are 1,342 and 23 overseas branches including the Export Processing Zone branch in Karachi. The bank also provides services as trustee to National Investment Trust, Long-Term Credit Fund and Endowment Fund for student loans scheme. The registered office of the bank is located in Karachi. The shares of are quoted on the Karachi, Islamabad and Lahore Stock Exchanges of Pakistan.

The bank has transformed from a public sector organization into a commercial bank. The services are available for individuals, corporate entities and government. Besides the presence of the bank as an agent to the State Bank of Pakistan it has significant penetration in the debt equity market, corporate investment banking, retail and consumer banking, agricultural financing, treasury services and showing interest in the development and promoting interest in the development of small and medium enterprises of the country. The operations of the bank have been partially privatized. Some of the activities are state owned and some are privately owned. The core products of the bank are premium amdani, premium saver, saibaan, advance salary, cash card, investor advantage, kisan taqat, kisan dost and cash and gold.

The subsidiaries of the bank are Taurus Securities Limited, NBP Exchange Company Limited, NBP Capital Limited, NBP Modaraba Management Company Limited, and CJSC Bank, Almaty, Kazakhstan. It has also recently opened a subsidiary in Dushanbe, Tajikistan. The joint ventures include, United National Bank of UK, First Investment Bank and NAFA, an Asset Management Company which is a joint venture with NIB Bank and Fullerton Fund Management of Singapore.

Annual Budget of Silk Bank Limited

Karachi, Silk Bank Limited informed Pakistan Stock Exchange that the Board of Directors of the Bank in its meeting held on junk 29, 2021 has approved Annual Budget plan of the Bank for the year ending December 31, 2021.

Silk Bank Limited was incorporated in Pakistan on April 4, 1994 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The bank commenced its commercial operations on May 7, 1995. The bank is engaged in the banking services as described in the Banking Companies Ordinance, 1962. The bank operates through 88 branches including 10 Islamic Banking branches in Pakistan. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the bank is located at Karachi.

The major shareholding of the bank i.e. 82.406% in the bank as on September 30, 2013 is held by a consortium comprising of International Finance Corporation, Nomura European Investment Limited, Bank Muscat S.A.O.G. and executives of the Sinthos Capital Advisors Limited.

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

Transaction of 2,500 shares of Adam Sugar Mills Limited

Karachi, Adam Sugar Mills Limited informed Pakistan Stock Exchange about transaction of shares of the company. 2,500 shares @ Rs. 27.05per share were bought from the market on June 21, 2021 through CDC.

Adam Sugar Mills Limited was incorporated in Pakistan on 1965. The name of the company was Bahawalnagar Sugar Mills Limited, but as a public limited company, in 1985, the name of the company was changed to Adam Sugar Mills Limited. The Shares of the company are now quoted in Pakistan Stock Exchange, and “ADAMS” symbol is being used for the shares of the company.

Adam Sugar Mills Limited is engaged in the manufacturing and sale of Sugar, part of Candy manufacturing industry.

The total number of shares the company has issued are 17,291,008. Earnings per shares in 2020 has increased up to 18.42 whereas it was (14.69) in 2019. The Profit after tax recorded in 2020 is 318,557,000 which was (254,059,000) in 2019.

Cash Generation Activity of UBL Fund Managers

Karachi, UBL Fund Managers informed Pakistan Stock Exchange that UBLP-ETF’s is carrying out cash generating activity on June 29, 2021 hence iNAV dissemination will be suspended on June 29, 2021.

“The UBL Fund Managers is the asset management company operating in Pakistan, offering savings and investment solutions to institutional and individual clients. The UBL Fund Managers is the asset management company operating in Pakistan, offering savings and investment solutions to institutional and individual clients.

UBL Fund Managers Limited (a wholly owned subsidiary of United Bank Limited) as the management company, a company incorporated under the Companies Ordinance, 1984 and Central Depository Company of Pakistan Limited (CDC) as the Trustee. The Trust Deed has also been approved by the Securities and Exchange Commission of Pakistan (SECP).”

Transaction of 2,001,900 shares of Ismail Industries Limited

Karachi, Ismail Industries Limited informed Pakistan Stock Exchange about transaction of shares of the company. 1,900 shares @ Rs. 416.79 per share were bought from the market on June 28, 2021, 1,000,000 shares @ Rs. 0.00 per share were gift-In on June 29, 2021 and 1,000,000 shares @ Rs. 0.00 per share were gift-Out on June 29, 2021 through CDC.

Ismail Industries Limited is a company incorporated in Pakistan as a Private Limited Company on June 21, 1988. On November 01, 1989 the company was converted to a Public Limited Company. The principal activities of the company are manufacturing and trading of sugar confectionery items, biscuits, potato chips and cast polypropylene film under the brands of Candyland, Bisconni, Snackcity and Astropack. The company is listed on Karachi and Lahore Stock Exchanges of Pakistan. The registered office is situated at Karachi.

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

Appointment of Director of Hi-Tech Lubricants Limited

Karachi, Hi-Tech Lubricants Limited informed Pakistan Stock Exchange that Mr. Hyukjin Kwon (Nominee of SK Lubricants Co. Limited) has been appointed as Director of the Company with effect from June 28, 2021 in place of Mr. Jung-Woo Lee (Nominee of SK Lubricants Co. Limited).

Hi-Tec Lubricants is ISO 9001:2008 Certified Company. Hi-Tec Lubricants is a part of the MAS group of companies and has been marketing lubricants in Pakistan for the last 20 years. They have been hitherto focusing marketing efforts mainly in the retail markets and our performance in industrial sector has been satisfactory and their products are available in more than seventy-two stations in Pakistan through their network of distributors.

The lubricants they are marketing in Pakistan are manufactured by the world renowned M/s SK Corporation, South Korea. SK has the single largest Petrochemical Chemical Complex in the world, having the state art upstream and downstream manufacturing facilities. SK facilities and its products have the required ISO approval i.e. ISO 9002 and the coveted Environment Management System ISO 14001.

In the Lubricant Sector, SK enjoys a enviable position as it is the single largest producer for VHVI Base Oil. This base is used for SK producing Lubricants and is also exported to leading multinational lubricant blenders.

The symbol “HTL” is being used by the stock exchanges for the shares of Hi-Tech Lubricant Limited.

Extraordinary General Meeting of the Searle Company Limited

Karachi, the Searle Company Limited informed Pakistan Stock Exchange that the resolution passed by the shareholders of the Company in their Extraordinary General Meeting

Through video link on June 28, 2021, to transact, to confirm the minutes of Annual General Meeting held on October 28, 2020.

The Searle Company Limited formerly Searle Pakistan Limited is a company incorporated in Pakistan as a private limited company in October 1965. In November 1993, the Company was converted to a public limited company. The company is principally engaged in the manufacture of pharmaceutical products and a low calorie sweetener. It is also engaged in sale of food and consumer items and manufacture of pharmaceutical items for other companies. The stocks of the company are quoted on the Karachi and Islamabad stock exchanges of Pakistan. The registered office of the Company is located at Karachi.

The company is a subsidiary of International Brands Private Limited. It is the holding company of IBL HealthCare Limited due to significant representation in Board of Directors and 50% shareholding. The wholly owned subsidiaries of the company are namely Searle Laboratories Private Limited, Searle Pharmaceuticals Private Limited and Searle Biosciences Private Limited. The company is engaged in production of Aldactone, Lomotil, Diodoquin, Ovulen, Neomycin Sulphate, Probanthine, Hydryllin etc.

The symbol “SEARL” is being used by the stock exchanges for the shares of The Searle Company Limited.

Conversion of Physical Shares of Mitchell’s Fruit Farms Limited

Karachi, Mitchell’s Fruit Farms Limited informed Pakistan Stock Exchange that the shareholder of the Company may contact the share registrar and transfer agent of the company, M/s Corplink Private Limited- wings Arcade.

Mitchell’s Fruit Farms Limited is a company incorporated in Pakistan in 1933 by Francis J. Mitchell under the name of Indian Mildura Fruit Farms Ltd. After the country gained independence in 1947, the company’s name was changed to “MITCHELL’S Fruit Farms Ltd.” with the brand name of “MITCHELL’S”. The foundations of the company are laid under the Companies Ordinance, 1984. The company is principally engaged in the manufacture and sale of various farm and confectionery products. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Lahore.

The products of the company ranges from squashes and fruit drinks, fruity jam, jellies and marmalade, tomato ketchup and sauces, tasty pickles, nutritious canned fruits and vegetables, to a wholesome assortment of candies, toffees and chocolates. The products are sold locally and internationally in areas like UK, USA, Canada, Middle-East and South-West Asia.

The symbol “MFFL” is being used by the stock exchanges for the shares of Mitchell’s Fruit Farms Limited.