Resignation of Chief Executive Officer of Bolan Castings Limited

Karachi, Bolan Castings Limited informed Pakistan Stock Exchange that Mr. Nisar Ahmed Mirani has resigned from the designation of Chief Executive Officer of the company with effect from May 25, 2022.

Bolan casting Limited is a public listed company incorporated and domiciled in Pakistan. The company manufactures and sells casting for tractors and automotive parts. It is a subsidiary of Millat Tractors Limited.

The plant was commissioned in June 1986 with the assistance of Foundry Management & Design Company (FMD), United Kingdom (U.K) and commercial production was started in July, 1986. The plant is located Hub Chowki, District Lasbella, and Baluchistan. The Company was privatized and handed over to a group of management under a joint collaboration of Millat Tractors Limited and the employees of Bolan Castings Limited on 13th June, 1993.

The Company is listed on Pakistan Stock Exchange and the total number of shares are 11,472,529. The Earnings per share is (23.68) in 2020 which was (20.83) in 2019. The Company had a loss of Rs. 271,688,000 in 2020 which was 238, 999,000 in 2019.

Financial results of Mirpurkhas Sugar Mills Limited for Quarter ended March 31, 2022

Karachi, Mirpurkhas Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on May 25, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2022 which portrayed a profit of Rs. 259,493 with earnings per share 19.23 basic and diluted respectively.

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

Mirpurkhas Sugar Mills Limited was incorporated in Pakistan on May 27, 1964 as a public limited company and its shares are quoted on Pakistan Stock Exchange Limited. Principal activity of the Company is manufacturing and selling of sugar.

The Company is located approximately 230 km from the port of city of Karachi, in Mirpurkhas. It has a sugar cane crushing capacity of 12,500 tons per day.

The total numbers of shares are 13,495,041. The Earnings per share (8.58) in 2020 which was 25.04 in 2019. The Profit after Taxation is (115,841,000) in 2020 which was 307,188,000 in 2019.

Right Shares Issue of East West Insurance Company Limited

Karachi, East West Insurance Company Limited informed Pakistan Stock Exchange that the issue of right shares will enhance the share capital of the company by Rs. 136,086,181/- and help in strengthening of working capital of the Company. The Company to save on the finance cost and improve profitability; Equity injection to improve liquidity position of the Company.

East West Insurance Company Limited is a Public Limited Company, was incorporated in Pakistan in the year 1983. The Company is engaged in the general insurance business. In addition, it provides the insurances for Fire, Marine, Motor, Bonds and Engineering, Health and travel, crops and miscellaneous.

The Company is listed on Pakistan Stock Exchange, and the shares of the Company are 118,335,819. The Earnings per shares is 1.96 in 2020 which was 1.81 in 2019. Their Profit after Taxation is 231,375,000 in 2020 which was 183,846,000 in 2019.

Appointment of Chairman of Siemens Pakistan Engineering Company Limited

Karachi, Siemens Pakistan Engineering Company Limited informed Pakistan Stock Exchange that Mr. Karl Stefan Werner has been appointed as Chairman of the company with effect from May 26, 2022 in place of Mr. Manuel Kuehn.

Siemens (Pakistan) Engineering Co.Ltd was incorporated in Pakistan in 1953 as a public limited company. The Company is principally engaged in execution of projects under contracts and in manufacturing, installation and sale of electronic and electrical capital goods. The head office is situated at Karachi.

The Company is listed on Pakistan Stock Exchange with the total numbers of shares that are 8,247,037. The Earnings per shares of the Company is (60.14) in 2020 which was 86.03 in 2019. The Profit After Taxation in 2020 is (496,015,000) which was 709,468,000 in 2019.

Credit of Bonus Shares Certificates of Reliance Insurance Company Limited

Karachi, Reliance Insurance Company Limited informed Pakistan Stock Exchange that the share certificates in respect of Bonus Share announced on April 30, 2022 have been credited to their respective accounts in the Central Depository System (CDS) of Central Depository Company of Pakistan Limited (CDC) on May 05, 2022.

Reliance Insurance Company Limited was incorporated in Pakistan as a public limited company on November 4, 1981. The Company is engaged in general insurance business and has also been allowed to undertake General Window Takaful operations on May 25, 2016.

Reliance Insurance being jointly owned by two prestigious industrial groups of Pakistan. Its major sponsors are Al-Noor Group and Amin Bawany Group.

The total numbers of shares of the Company are 60,351,880. The Earnings per shares is 1.22 in 2020 which was 1.27 in 2019. The Profit After Taxation is 68,495,000 in 2020 which was 71,211,000 in 2019.

Board Meeting other than Financial Result of Murree Brewery Company Limited

Karachi, Murree Brewery Company Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on June 03, 2022 at Rawalpindi to consider the budget for the financial year 2022-23.

Further, the company has declared the closed period from May 27, 2022 to June 03, 2022.

Murree Brewery Company Limited was incorporated in 1861, is a large size public limited company in Pakistan. The Company is principally engaged in the manufacturing of alcoholic beer, Pakistan Made Foreign Liquor (PMFL), nonalcoholic beer, aerated water (non-alcoholic products), juices and food products, mineral water, glass bottles and jars. The Company is presently operating three divisions namely Liquor, Tops and Glass to carry out its principal activities.

The total number of shares are 27,663,631. The Earnings per share is 24.61 in 2020 which was 44.21 in 2019. The Profit After Taxation is 681,728,000 in 2020 which was 1,222,938,000 in 2019.

Transaction of 71,811 shares of Millat Tractors Limited

Karachi, Millat Tractors Limited informed Pakistan Stock Exchange about transaction of shares of the company. 55,122 shares @ Rs. 0.00 per share were Bonus on May 25, 2022, 9,789 shares @ Rs. 0.00 per share were Bonus on May 25, 2022, 246 shares @ Rs. 0.00 per share were Bonus on May 25, 2022, 422 shares @ Rs. 0.00 per share were Bonus on May 25, 2022, 5,316 shares @ Rs. 0.00 per share were Bonus on May 25, 2022, 327 shares @ Rs. 0.00 per share were Bonus on May 25, 2022 and 589 shares @ Rs. 0.00 per share were Bonus on May 25, 2022.

Millat Tractors Limited is a public interest company, was incorporated on June 08, 1964. The Company is engaged in assembly and manufacturing of agricultural Tractors, Implements and Multi-application products. The Company is also involved in the sale, implementation and support of IFS applications in Pakistan.

The total number of shares of the Company are 56,057,751. The Earnings per share of the Company is 43.16 in 2020 which was 73.01 in 2019. The Profit After Taxation is 2,150,548,000 in 2020 which was 3,638,045,000 in 2019.

Transaction of 4,269,349 shares of Millat Tractors Limited

Karachi, Millat Tractors Limited informed Pakistan Stock Exchange about transaction of shares of the company. 1,374,426 shares @ Rs. 0.00 per share were Bonus on May 25, 2022, 21,380 shares @ Rs. 0.00 per share were Bonus on May 25, 2022, 918,710 shares @ Rs. 0.00 per share were Bonus on May 25, 2022, 113,464 shares @ Rs. 0.00 per share were Bonus on May 25, 2022, 1,097,649 shares @ Rs. 0.00 per share were Bonus on May 25, 2022, 748 shares @ Rs. 0.00 per share were Bonus on May 25, 2022, 48,938 shares @ Rs. 0.00 per share were Bonus on May 25, 2022, 318,045 shares @ Rs. 0.00 per share were Bonus on May 25, 2022, 41 shares @ Rs. 0.00 per share were Bonus on May 25, 2022 and 375,954 shares @ Rs. 0.00 per share were Bonus on May 25, 2022.

Millat Tractors Limited is a public interest company, was incorporated on June 08, 1964. The Company is engaged in assembly and manufacturing of agricultural Tractors, Implements and Multi-application products. The Company is also involved in the sale, implementation and support of IFS applications in Pakistan.

The total number of shares of the Company are 56,057,751. The Earnings per share of the Company is 43.16 in 2020 which was 73.01 in 2019. The Profit After Taxation is 2,150,548,000 in 2020 which was 3,638,045,000 in 2019.