Karachi, The Searle Company Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 26, 2018 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended December 31, 2017.
Further, the company has declared the closed period from February 20, 2018 to February 26, 2018.
The Searle Company Limited formerly Searle Pakistan Limited is a company incorporated in Pakistan as a private limited company in October 1965. In November 1993, the Company was converted to a public limited company. The company is principally engaged in the manufacture of pharmaceutical products and a low calorie sweetener. It is also engaged in sale of food and consumer items and manufacture of pharmaceutical items for other companies. The stocks of the company are quoted on the Karachi and Islamabad stock exchanges of Pakistan. The registered office of the Company is located at Karachi.
The company is a subsidiary of International Brands Private Limited. It is the holding company of IBL HealthCare Limited due to significant representation in Board of Directors and 50% shareholding. The wholly owned subsidiaries of the company are namely Searle Laboratories Private Limited, Searle Pharmaceuticals Private Limited and Searle Biosciences Private Limited. The company is engaged in production of Aldactone, Lomotil, Diodoquin, Ovulen, Neomycin Sulphate, Probanthine, Hydryllin etc.
The symbol “SEARL” is being used by the stock exchanges for the shares of The Searle Company Limited.