Board Meeting Other Than Financial Results of Engro Polymer and Chemicals Limited

Karachi, Engro Polymer and Chemicals Limited informed Pakistan Stock Exchange that Board of Directors meeting of the Company will be held on November 23, 2022 at Karachi to consider certain corporate actions.

“Engro Polymer and Chemicals Limited was incorporated in Pakistan in 1997. The Company is a subsidiary of Engro Corporation Limited, which is a subsidiary of Dawood Hercules Corporation Limited.

The Company’s principal activity is to manufacturing, marketing and sale of Poly Vinyl Chloride (PVC), Vinyl Chloride Monomer (VCM), Caustic soda and other related chemicals. The Company is also engaged in the supply of surplus power generated from its power plants to Engro Fertilizers Limited.

The company is listed on Pakistan Stock Exchange and the shares of the Company are 908,923,333. The Earnings per shares of the Company is 6.28 in 2020 which was 4.07 in 2019. Their Profit after Taxation is 5,712,245,000 in 2020 which was 3,703,502,000 in 2019.”