Cancellation of Board of directors meeting of Huffaz Seamless Pipe Industries Limited

Karachi, Huffaz Seamless Pipe Industries Limited informed Pakistan Stock Exchange that board of directors meeting to be convened on January 11, 2022 has been cancelled by Board of Director.

Huffaz Seamless Pipe Industries Limited was incorporated in Pakistan on October 9, 1983 as a public company limited by shares. The principal objective and business of the Company is manufacturing and selling of seamless steel pipes and tubes (tubular products). The Company also has a coating facility capable of applying three layer high density polyethylene coating, polypropylene coating and tape coating on steel pipes.

The total numbers of shares are 55,484,300. The Earnings per share is (0.11) in 2020 which was 0.04 in 2019. The Profit after Taxation is (6,094,000) in 2020 which was 2,205,000 in 2019.