Karachi, In a crucial development for United Brands Limited, the company's Board of Directors is set to convene a special meeting on July 17, 2023, in Karachi. The primary agenda of this meeting is to deliberate and finalize the Annual Financial Budget for the fiscal year ending June 30, 2024.
To ensure a fair and transparent decision-making process, the company has announced a "Closed Period" from July 10 to July 17, 2023.
Karachi, The Searle Company Limited has announced that its Board of Directors will convene for a crucial meeting on 2023-07-17 in Karachi. The primary agenda item for discussion will be the approval of the financial budget for the fiscal year ending June 30, 2024. However, the company's stakeholders have been informed that this meeting will also address various other important matters.
The company has simultaneously declared a "Closed Period" from 2023-07-11 to 2023-07-17, which restricts the trading of its shares.
Karachi, Shabbir Tiles and Ceramics Limited, a leading manufacturer of tiles and ceramics, announced that its Board of Directors has approved the Annual Budget for the fiscal year 2023-2024. The decision was made during a board meeting held on July 6, 2023, in Karachi.
Karachi, Ansari Sugar Mills Limited has announced that a meeting of its Board of Directors is scheduled to take place on July 13, 2023, in Karachi. The meeting will address several important agenda items, including the confirmation of minutes from the previous board meeting and discussions related to the forthcoming election of directors.
During the meeting, the board will also deliberate on the fixation of the number of directors for the next term of three years, which will be further presented for approval at the Annual General Meeting. Additionally, any other pertinent matters will be considered by the board during the meeting.
To ensure compliance with regulations, Ansari Sugar Mills Limited has declared a "Closed Period" from July 7, 2023, to July 13, 2023, as required under Clause 5.6.1.(d) of the PSX Regulations. During this period, no Director, CEO, or Executive of the company is permitted to engage in any dealings involving the shares of the company, either directly or indirectly.
Karachi, The shareholders of Hira Textile Mills Limited convened at the Annual General Meeting held on June 26, 2023, in Lahore. The meeting addressed crucial agenda items, including the adoption of audited accounts and the appointment of auditors for the company.
Under Agenda Item No. 1, the shareholders received and adopted the audited accounts of Hira Textile Mills for the fiscal year ended on June 30, 2022. The audited financial statements, along with the Directors and auditor's reports, were considered, received, and adopted based on an ordinary resolution. These documents had previously been approved by the Board of Directors.
The adoption of the audited accounts reflects the shareholders' confidence in the financial performance and reporting practices of Hira Textile Mills. The audited accounts provide a comprehensive overview of the company's financial position and highlight key insights for stakeholders.
Moving on to Agenda Item No. 2, the shareholders deliberated on the appointment of auditors for the company and the fixation of their remuneration. Through an ordinary resolution, the shareholders unanimously appointed M/S H.A.M.D & Co., Chartered Accountants, Lahore, as the auditors for the fiscal year ending June 30, 2023. The fee for their services will be determined through mutual agreement between the Board and the Auditors.
The appointment of auditors ensures the independent verification of Hira Textile Mills' financial statements and compliance with auditing standards. M/S H.A.M.D & Co., renowned for their expertise and professionalism, will contribute to maintaining transparency and accountability within the company.
Karachi, MCB-Arif Habib Savings and Investments Limited has announced that a crucial meeting of the Board of Directors will be convened on July 26, 2023, in Karachi. The purpose of the meeting is to review and consider the Annual Accounts for the period ended June 30, 2023, with a focus on potential entitlements for shareholders.
During the meeting, the Board of Directors will thoroughly assess the financial performance and statements of MCB-Arif Habib Savings and Investments Limited for the mentioned period. The discussion will revolve around determining any entitlements that can be declared for the benefit of the shareholders.
To comply with regulatory requirements and ensure fair and transparent proceedings, the company has declared a "Closed Period" from July 14, 2023, to July 26, 2023. As per Clause 5.6.1(d) of the PSX Regulations, this period prohibits any Director, CEO, or Executive from engaging in any form of share dealing related to MCB-Arif Habib Savings and Investments Limited during the Closed Period.
Karachi, In an extraordinary general meeting held on July 7, 2023, at Islamabad, the shareholders of EFU General Insurance Limited passed and adopted several resolutions, including the election of directors. The meeting, which was convened to discuss the ordinary business matters of the company, witnessed the smooth election process as the number of candidates offering themselves for election matched the number of directors to be elected.
Under section 159(1) of the Companies Act, 2017, the Board of Directors had previously fixed the number of directors to be elected. Since the count of candidates corresponded exactly to the required number, the shareholders resolved that the seven individuals who expressed their willingness to serve as directors be elected. These seven newly elected directors will hold their positions for a term of three years starting from July 10, 2023.
Karachi, In a recent development, United Bank Limited (UBL) announced the cancellation of the adjourned Extraordinary General Meeting (EOGM) of its shareholders, which was scheduled to take place on July 17, 2023. The decision was made by the UBL Board of Directors following their withdrawal of the resolutions passed on June 1, 2023, regarding the increase in Authorized Share Capital of UBL and relevant amendments in the Memorandum and Articles of Association of the bank.
Previously, on June 22, 2023, UBL had informed its shareholders about the adjournment of the EOGM held on that date, stating that it would be rescheduled for July 17, 2023. However, the recent decision by the Board of Directors led to the cancellation of the adjourned EOGM altogether.
Karachi, Feroze1888 Mills Limited, a leading textile manufacturing company, announced that its Board of Directors has approved the Annual Budget for the fiscal year 2023-24. The decision was made during a board meeting held on July 6, 2023, in Karachi.
Karachi, UBL Fund Managers Limited is pleased to announce that the Chief Executive Officer, under the authority granted by the Board of Directors, has approved interim cash dividends for two of its investment plans.
For the Al-Ameen Islamic Cash Plan-I under the Al-Ameen Islamic Cash Fund, an interim cash dividend of Re. 0.0551 per unit has been approved for the period ending July 6, 2023. This dividend represents a payout of 0.06% for the investors.
Additionally, for the UBL Special Savings Plan-V, an interim cash dividend of Re. 0.0938 per unit has been approved for the same period. This dividend equates to a payout of 0.09% for the plan's unit holders.
The interim cash dividends will be credited to the unit holders whose names appeared in the register of unit holders at the close of business on July 6, 2023. UBL Fund Managers Limited aims to provide regular income and value to its investors, and the approval of these dividends reinforces its commitment to delivering consistent returns.
Karachi, Samba Bank Limited (SBL) convened its 116th Board of Directors meeting on July 05, 2023, utilizing video conferencing technology (Webex), to discuss non-financial matters. During the meeting, no announcement was made regarding the dissemination of any price-sensitive information that may impact the market price of the company's shares.
Karachi, United Brands Limited has announced that a crucial meeting of its Board of Directors is scheduled to take place on July 11, 2023, in Karachi. The primary agenda of the meeting is to discuss and finalize the number of directors to be elected for the upcoming three-year term.
In adherence to the regulations outlined in Clause 5.6.1(d) of the PSX Regulations, the company has declared a "Closed Period" starting from July 5, 2023, and extending until July 11, 2023. During this period, no director, CEO, or executive associated with United Brands Limited will be permitted to engage in any direct or indirect dealings involving the company's shares.
