Day: December 2, 2021

Karachi, Nazir Cotton Mills Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on November 27, 2021 at Lahore.

The agenda of the meeting will, to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended June 30, 2021 together with the Directors and Auditors Reports thereon, to appoint auditors for the year ending June 30, 2021 and fix their remuneration and to transact any other business with the permission of the chair.

Nazir Cotton Mills Limited is the yarn manufacturing company of Pakistan. Its in-house, world-class quality control lab has helped achieve the 5% world yarn standard for quality based on international USTER standards. It is listed on Pakistan Stock Exchange.

The symbol “NAZC” is being used by the stock exchanges for the Nazir Cotton Mills Limited.

Karachi, Dadabhoy Cement Industries Limited informed Pakistan Stock Exchange that the Company is ready to sign MOU with Chinese investor for setting up of Cement Plant, however waiting for SECP letter of withdrawn work for revival and setting up of new line will start immediately.

Dadabhoy Cement Industries Limited was incorporated in Pakistan on August 09, 1979, as a Public Limited Company. Dadabhoy Cement Industries Limited went into commercial production in 1986. The Company is mainly engaged in the manufacturing and sale of ordinary Portland, slag and sulphate resistant cement.

The total number of shares of the company has introduced are 98, 236, 644. The Earnings per share is (0.05) in 2020 which was 1.38 in 2019. Their Profit after Taxation of the Company was (4,592,000) in 2020 which was 136,047,000 in 2019.

Karachi, Dar-es-Salaam Textile Mills Limited informed Pakistan Stock Exchange that the management-took the decision to change its main line of business as it had seen success in renting / leasing its premises on a competitive rate.

It also believes that this is the opportune time for the Company to seek new investment opportunities that can yield beneficial returns and better ratios for the Company and its shareholders.

With the approval, the management plans to settle its liabilities and implement alternate business plan and to reinvest the proceed towards higher yielding investments. With the new name and line of business approved by the shareholders, the company is just awaiting approval from SECP.

The management is confident that with the new business line, it will be able to revive the company into a profitable entity as envisioned by its management and ensure the reversal of the adverse opinion. The management continues to be excited about its new line of business and is in process of its implementation.

Dar-Es-Salaam Textile Mills Limited is one of the Textile Products in Lahore, Punjab, located in 63-B-1, Gulberg-III. It is listed on Pakistan Stock Exchange. The symbol “DSML” is being used by the stock exchange for the shares of Dar-Es-Salaam Textile Mills Limited.

Karachi, Engro Fertilizers Limited informed Pakistan Stock Exchange that Mr. Khawaja Bilal Hussain has been co-opted as a Director of the Company with effect from December 01, 2021 in place of Mr. Abdul Samad Dawood.

Engro Fertilizers Limited is a Public Limited Company incorporated on June 29, 2009 in Pakistan, as a wholly owned subsidiary of the Parent Company namely as Engro Corporation Limited, which is a subsidiary of Dawood Hercules Corporation Limited.

The principal activity of the Holding Company is manufacturing, purchasing and marketing of fertilizers, seeds and pesticides and providing logistics services.

The Shares of the Company are 1,335,299,375. The Earnings per shares of the company is 12.59 in 2020 which was 13.90 in 2019. Their Profit after Taxation is 16,815,312,000 in 2020 which was 18,562,914,000 in 2019.