Day: January 7, 2022

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Material Information of Saif Power Limited

Karachi, Saif Power Limited informed Pakistan Stock Exchange that on January 06, 2022, the company received Rs. 3.802 Billion from the Power Purchaser in the form of one-third cash, one-third Government Ijara Sukuk, and one-third Pakistan Investment Bonds.

Saif Power Limited was incorporated in Pakistan on November 11, 2004 as a public limited company and commenced operations from April 30, 2010. The principal activities of the Company are to own, operate and maintain a combined cycle power plant having nameplate capacity of 225 MW (ISO) and sell the electricity to Central Power Purchasing Agency Guarantee Limited (CPPA-G).

The total number of shares the company has introduced so far are 386,471,779. The Earning per share in 2020 is 6.14 which was 9.44 in 2019. The profit after taxation in 2020 is 2,371,501,000 which was 3,649,947,000 in 2019.

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Closure of Book of Baba Farid Sugar Mills Limited

Karachi, Baba Farid Sugar Mills Limited informed Pakistan Stock Exchange that the transfer books shall remain closed from January 21, 2022 to January 28, 2022 (both days inclusive).

Baba Farid Sugar Mills Limited is incorporated in Pakistan on 1978, as a Public Limited Company. The Company is engaged in the manufacturing and sales of sugar including its by-products that are Molasses and V-filter cake.

The shares of the Company are quoted on Pakistan Stock Exchange Limited with the symbol “BAFS”.

The number of shares the company has introduced are 9,450,000. The Earnings per shares in 2020 is (30.27) which was (72.24) in 2019. The Company had a loss of Rs. 286,079,000 in 2020 as compared to a loss of Rs. 682,625,000 in 2019.

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Transaction of 20,000 shares of Engro Corporation Limited

Karachi, Engro Corporation Limited informed Pakistan Stock Exchange about transaction of shares of the company. 20,000 shares @ Rs. 278.00 per share were bought from the market on January 01, 2022 through CDC.

Engro Corporation Limited was incorporated in Pakistan as a Public Listed Company. It is a subsidiary of Dawood Hercules Corporation Limited which is the parent Company. The principal activity of the Company is to manage investments in subsidiary companies, associated companies and joint venture, engaged in fertilizers, PVC resin manufacturing and marketing, food, energy, development and operations of telecommunication infrastructure, LNG, Chemical terminal and storage businesses.

The Shares of the Company are 576,163,230. The Earnings pee shares of the company is 28.29 in 2020 which was 24.83 in 2019. The Company had a Profit of Rs. 16,301,478,000 in 2020 which was 14,303,318,000 in 2019.

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Material Information of Gul Ahmed Textile Mills Limited

Karachi, Gul Ahmed Textile Mills Limited informed Pakistan Stock Exchange that the management of the company provided a certificate certifying increase in the paid-up share capital of the company subsequent to the Scheme of Arrangement under Section 279 to 283 and 285 of the companies Act 2017 involving the company.

Gul Ahmed Textile Mills Limited was established in the year of 1953. The company was incorporated in Pakistan on April 01, 1953 and listing in the Karachi Stock Exchange in 1970. The manufacturing wing is an essential component in Gul Ahmed’s operations. The manufacturing cycle, which includes spinning, weaving, processing, designing and stitching, results in an end product.

With an installed capacity of more than 51,840 spindles, 300 state-of-the-art weaving machines and yarn dyeing, processing & stitching units, Gul Ahmed is a composite unit – making everything from cotton yarn to finished products. Gul Ahmed has its own captive power plant comprising of gas engines, gas & steam turbines, and backup diesel engines. Gul Ahmed has also set up a waste water treatment plant to treat 100% of its effluent, bringing it to NEQS levels.

Gul Ahmed Textile Mills Limited is listed on Pakistan Stock Exchange, quoted shares of it that are 513,353,556. The Earnings per shares of the Company is (1.12) in 2020 which was 8.44 in 2019. The Profit after Taxation in 2020 was (479,365,000) which was 3,609,220,000 in 2019.

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Material Information of Nishat Power Limited

Karachi, Nishat Power Limited informed Pakistan Stock Exchange that on January 06, 2022, the company received Rs. 5.701 Billion from the Power Purchaser in the form of one-third cash, one-third Government Ijara Sukuk, and one-third Pakistan Investment Bonds.

Nishat Power Limited is a public company limited by shares incorporated in Pakistan on February 23, 2007. The company is a subsidiary of Nishat Mills Limited. The principal activity of the company is to build, own, operate and maintain a fuel fired power station having gross capacity of 200 MW in Jamber Kalan, Tehsil Pattoki, District Kasur, and Punjab, Pakistan. The company has a Power Purchase Agreement (‘PPA’) with its sole customer, National Transmission and Despatch Company Limited (‘NTDC’) for twenty five years which commenced from June 09, 2010.

The total number of shares are 354,088,500. The Earnings per shares is 13.96 in 2020 which was 10.56 in 2019. The Profit After Taxation is 4,942,595,000 in 2020 which was 3,769,549,000 in 2019.

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Transmission of Annual Report for the Year Ended September 30, 2021 of Husein Sugar Mills Limited

Karachi, Husein Sugar Mills Limited informed Pakistan Stock Exchange that Annual Report of the Company for the year ended September 30, 2021 have been transmitted through PUCARS and is also available on Company’s website.

Husein Sugar Mills Limited was incorporated on February 14, 1966 in Karachi and received its Certificate for Commencement of Business on April 16, 1966.. The Company is principally engaged in the business of production and sale of sugar and by products.

The plant is located in Jaranwala, approximately 80KM from Lahore. The area has large tracts of land where sugarcane is cultivated and produces approximately 40-45 million maunds of sugarcane a year.

The total numbers of shares are 38,520,000. The Earnings per share is (7.43) in 2020 which was 9.05 in 2019. The Profit after Taxation of the Company is (286,206,000) in 2020 which was 293,543,000 in 2019.

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Extension for holding Annual General Meeting of Abdullah Shah Ghazi Sugar Mills Limited

Karachi, Abdullah Shah Ghazi Sugar Mills Limited informed Pakistan Stock Exchange that the last Annual General Meeting of the company was held on February 25, 2021 wherein the financial statements and reports relating to audited accounts for the period ended September 30, 2020 were duly approved.

Abdullah Shah Ghazi Sugar Mills Limited was incorporated in Pakistan on February 25, 1984 as a Private Limited Company and was subsequently converted into a Public Limited Company on February 11, 1990. The principal business of the company is manufacturing and selling of refined sugar and by products.

Abdullah Shah Ghazi Sugar Mills Ltd was acquired by Macca Group (“Group”) in March 2008. The Group commenced its commercial operations in 1965 and is primarily involved in sugar and molasses manufacturing and import & trading of sugar plants machinery.

The Company has long been working under a Toll Manufacturing agreement with Dewan Sugar Mills Limited. The Macca Group Management has terminated the Toll Manufacturing Agreement and now the company is working independently as a unit.

The total numbers of shares are 79,261,700. The Earnings per share is (2.64) in 2020 which was (0.68) in 2019. The Company had a loss of Rs. 209,298,000 in 2020 which was 54,022,000 in 2019.

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Progress Report of Bilal Fibres Limited

Karachi, Bilal Fibres Limited informed Pakistan Stock Exchange that the management is actively pursuing different options for the revival of the company’s operations and is in the process of finding out international and local investors for a joint venture and is very positive that the company will be in position to resume the business operation soon since the government.

Bilal Fibres Limited was first established in 1987. The company is limited by shares, incorporated in Pakistan and is quoted on Pakistan stock exchange. The principal business of the company is manufacturing and sale of yarn. The mill is located at 38-KM Sheikhupura Road, Tehsil Jaranwala, District Faisalabad. The current capacity of the project is over 30,000 ring spindles. Bilal Fibres Ltd is also an active member of Lahore Chamber of Commerce and Industry and All Pakistan Textile Mills Association.

The total number of shares are 14,100,000. The Earnings per share is (2.12) in 2020 which was (0.62) in 2019. The Company had a loss of Rs. 29,953,000 in 2020 which was 8,682,000 in 2019.

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Annual general meeting of Adam Sugar Mills Limited to be held on January 28, 2022

Karachi, Adam Sugar Mills Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on January 28, 2022 at Karachi.

The agenda of the meeting will be confirming the minutes of Annual General Meeting held on March 09, 2021, to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended September 30, 2021 together with the Directors and Auditors Reports thereon, to appoint auditors for the year ending September 30, 2021 and fix their remuneration and to transact any other business with the permission of the chair.

Further, the closed period of the company is from January 18, 2022 to January 28, 2022 (both days inclusive).

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.

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Financial results of Chenab Limited for Year ended June 30, 2017

Karachi, Chenab Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Faisalabad on January 03, 2022.

The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2021 which portrayed a loss of Rs. 992,228,304 with loss per share 8.63 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Chenab Limited is a Public Limited Company incorporated in Pakistan. The primary activities of the Company is export all kinds of values added fabrics, textile made ups, casual and fashion garments duly processed. The cloth processing unit, stitching units, weaving units, and spinning units.

Chenab Limited has set up a 12.6 MW natural gas based power generation facility, with heat exchanger and waste heat steam boilers for its operations.

The number of shares the company has introduced are 115,000,000. The Earnings per share is (3.39) in 2016 which was (4.17) in 2015. The Company has a loss of 389,704,000 in 2016 which was 479,385,000 in 2015.

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Financial results of Adam Sugar Mills Limited for Year ended September 30, 2021

Karachi, Adam Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on January 06, 2022.

The agenda of the meeting was discussion of profit and loss account for Year ended September 30, 2021 which portrayed a profit of Rs. 195,674,295 with earnings per share 11.32 basic and diluted respectively.

Further, 20% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from January 18, 2022 to January 28, 2022 (both days inclusive).

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.

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Financial results of Chenab Limited for Year ended June 30, 2018

Karachi, Chenab Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Faisalabad on January 03, 2022.

The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2021 which portrayed a loss of Rs. 281,858,960 with loss per share 2.45 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Chenab Limited is a Public Limited Company incorporated in Pakistan. The primary activities of the Company is export all kinds of values added fabrics, textile made ups, casual and fashion garments duly processed. The cloth processing unit, stitching units, weaving units, and spinning units.

Chenab Limited has set up a 12.6 MW natural gas based power generation facility, with heat exchanger and waste heat steam boilers for its operations.

The number of shares the company has introduced are 115,000,000. The Earnings per share is (3.39) in 2016 which was (4.17) in 2015. The Company has a loss of 389,704,000 in 2016 which was 479,385,000 in 2015.