Day: May 31, 2023

Karachi, The Thal Industries Corporation Limited has transmitted its highly anticipated Quarterly Report for the period ended March 31, 2023. The comprehensive report provides a detailed overview of the company's financial performance and key highlights from the first quarter of the year.

Karachi, The board meeting conducted via Zoom video link on May 30, 2023, the Board of Directors of Jubilee General Insurance Company Limited (The Company) discussed and approved the proposal to increase the authorized share capital of the company. The resolutions passed in the meeting are set to be presented at the upcoming Extraordinary General Meeting scheduled for Monday, June 26, 2023.

The primary resolution, presented as a Special Resolution, seeks approval for the increase in authorized share capital. The board proposed to raise the capital to Rs. 6,000,000,000 by introducing 350,000,000 new ordinary shares of Rs. 10 each. These additional shares will hold an equal standing in all aspects with the existing ordinary shares in the company's capital.

The authorized share capital of the company is Rs. 6,000,000,000, divided into 600,000,000 ordinary shares of Rs. 10 each.

Karachi, In an emergent board meeting held through an online platform, Crescent Steel and Allied Products Limited announced a significant decision regarding the company's capital structure. The Board of Directors has approved an increase in the authorized share capital from Rs. 1 billion to Rs. 5 billion, pending the approval of shareholders.

The decision to increase the authorized capital was made with the aim of providing the company with enhanced financial flexibility to support its future growth plans. By expanding the capital base, Crescent Steel and Allied Products Limited will be better positioned to undertake strategic initiatives and capitalize on emerging opportunities in the market.

To formalize the increase in authorized capital, an Extraordinary General Meeting (EOGM) has been scheduled to take place on Wednesday, June 21, 2023, at 11:00 a.m. The venue for the EOGM is CorpTec Associates (Private) Limited, located at Lahore.

The Share Transfer Books of Crescent Steel and Allied Products Limited will remain closed from June 15, 2023, to June 21, 2023, inclusive. Share transfers received by the close of business on June 14, 2023, at the offices of the company's Share Registrar, M/S CorpTec Associates (Private) Limited, will be considered timely and allow shareholders to attend, speak, and vote at the EOGM.

Karachi, In a recent board meeting held on May 30th, 2023, the directors of Sana Industries Limited made a significant announcement, declaring the issuance of interim bonus shares to its shareholders. The resolution passed states that for every 100 shares held, shareholders will receive 65 additional shares, representing a bonus of 65%.

The bonus shares, as per the resolution, will possess equal rights and privileges to the existing shares of the company. This decision aims to reward the shareholders for their continued support and trust in Sana Industries Limited.

To determine the eligible recipients of the bonus shares, the company will be closing its Members Register from June 19th to June 21st, 2023, inclusively.

Karachi, Cherat Packaging Limited made significant decisions aimed at expanding the company's operations and facilitating growth. The board of directors gathered on May 30, 2023, at 4:00 p.m. to discuss crucial matters pertaining to the future of the organization.

The board's foremost recommendation was to increase the authorized share capital of Cherat Packaging Limited. Currently set at Rs. 1,000,000,000, the proposed increment would raise the authorized share capital to Rs. 7,500,000,000. This increase would involve the creation of 650,000,000 shares with a nominal value of Rs. 10 each.

To address this matter, an Extraordinary General Meeting (EOGM) has been scheduled for Thursday, June 22, 2023, at 1:00 p.m. The meeting will take place at the Registered Office of Cherat Packaging Limited. Shareholders will be notified of the EOGM through an official notice to be dispatched in due course.

The Share Transfer Books of Cherat Packaging Limited will be closed from Friday, June 16, 2023, to Thursday, June 22, 2023.

Karachi, Prosperity Weaving Mills Limited has announced that an Extraordinary General Meeting will be held today at its headquarters in Lahore, as well as through a video conferencing facility, to address important matters concerning the company's future growth.

The meeting will begin by confirming the minutes of the previous Extraordinary General Meeting held on January 26, 2023. Once the minutes are approved, the shareholders will move on to the main agenda of the meeting.

The primary agenda item is to consider a special resolution aimed at increasing the authorized capital of the company. The proposed resolution states that the authorized share capital will be raised from Rs. 200,000,000 to Rs. 2,200,000,000 by creating 200,000,000 ordinary shares valued at Rs. 10 each. It is important to note that any new shares issued in the future will rank equally with the existing shares.

These changes will reflect the updated authorized capital and its division into 220,000,000 ordinary shares valued at Rs. 10 each. The Share Transfer Books of Prosperity Weaving Mills Ltd. will remain closed from June 16, 2023, to June 20, 2023, both days inclusive.

Karachi, In the Annual General Meeting of Dawood Lawrencepur Limited held on Tuesday, May 30, 2023, both in person at Karachi and via video link, important resolutions were adopted by the shareholders of the company.

The first resolution focused on the consideration and adoption of the audited unconsolidated and consolidated financial statements of the Company for the year ended December 31, 2022.

These financial statements included the statement of financial position, profit and loss account, statement of comprehensive income, statement of changes in equity, statement of cash flows, and accompanying reports from the Auditors and Directors, as well as the Review Report of the Chairman.

Karachi, WAVES Corporation Limited, formerly known as Waves Singer Pakistan Limited, has successfully transmitted its quarterly report for the period ended March 31, 2023.

The quarterly report provides a comprehensive overview of WAVES Corporation Limited's financial performance, strategic initiatives, and key achievements during the first quarter of the year.

Karachi, the Fauji Fertilizer Company Limited has announced the rescheduling of its highly anticipated Board of Directors meeting. Originally slated to take place on May 31, 2023, at Rawalpindi, the meeting has been rescheduled to the same date but with a revised time of 09:40.

The purpose of the meeting, which will address matters other than the Financial Results, primarily revolves around the declaration of any entitlement for the company's stakeholders.

The Fauji Fertilizer Company Limited has officially declared a "Closed Period" commencing from May 31 to May 31, 2023.

Karachi, The Board of Directors of JDW Sugar Mills Limited is scheduled to convene a board meeting on May 31, 2023, in Lahore to deliberate on important matters concerning the company's future growth. The primary agenda of the meeting is to discuss the proposed increase in the authorized share capital of the Company and its implications for stakeholders.

During the meeting, the board members will analyze the current capital structure of JDW Sugar Mills Limited and evaluate the potential benefits of raising the authorized share capital.

JDW Sugar Mills Limited has officially declared a "Closed Period" from May 31, 2023, to May 31, 2023.