Annual general meeting of Bestway Cement Limited to be held on October 11, 2021

 

Karachi, Bestway Cement Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on October 11, 2021 at Islamabad.

The agenda of the meeting will be confirming the minutes of Annual General Meeting held on October 02, 2020, 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 approve and declare final cash dividend of 40% in addition to 100% interim dividends already paid for the year ended June 30, 2021, as recommended by the Board of Directors, to appoint auditors for the year ending June 30, 2022 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 October 05, 2021 to October 11, 2021 (both days inclusive).

Bestway Cement Limited is a Public Limited Company incorporated in Pakistan on December 22, 1993. The Company is principally engaged in the production and sale of Cement, as it is a part of the Cement & Concrete Product Manufacturing Industry.

The Company is a subsidiary of Bestway (Holdings) Limited, U.K, which holds 56.43% shares in the Company. Bestway (Holdings) Limited is a wholly owned subsidiary of Bestway Group Limited, U.K.

The Shares of the Company are quoted on Pakistan Stock Exchange and used the symbol “BWCL” for the shares of the Company in PSX.

The total number of shares the company has introduced are 596,252,783. The Earning per share is 0.08 in 2020 which was 16.93 in 2019. Their Profit after Taxation is 49,252,000 in 2020 which was 10,097,285,000 in 2019.