Annual general meeting of Siddiqsons Tin Plate Limited to be held on October 27, 2022

General

Karachi, Siddiqsons Tin Plate Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on October 27, 2022 at Karachi.

The agenda of the meeting will be confirming the minutes of Annual General Meeting held on October 27, 2021, to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended June 30, 2022 together with the Directors and Auditors Reports thereon, to appoint auditors for the year ending June 30, 2023 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 21, 2022 to October 27, 2022 (both days inclusive).

“Siddiqsons Tin Plate Limited was incorporated in Pakistan on January 29, 1996 as a public limited company by shares. The principal activity of the Company is manufacturing and sale of tin plates, cans and other steel products. Siddiqsons Tin Plate Limited is the Tin Plate Industry in Pakistan. Established in 1999, in collaboration with SOLLAC of France and MITSUBISHI CORPORATION of Japan. The factory is located at special industrial zone, Windhur Baluchistan, 95 kilometer from Karachi.

The project has a capacity to produce 120,000 tons per annum of Tin Plate, which is primarily used for making cans and containers for packaging of cooking oil, fruits, foods, vegetables, sea foods, beverages, lubricant oil and other edible stuff etc.

The total number of shares are 229,278,733. The Earnings per shares of the Company is (0.10) in 2020 which was 0.39 in 2019. The Profit After taxation in 2020 is (23,144,000) which was 86,891,000 in 2019.”