Category: Board Meetings

Karachi, Sardar Chemical Industries Limited, a leading player in the chemical manufacturing industry, has announced that its Board of Directors will convene a crucial meeting on September 19th, 2023. The meeting is set to take place at the company's headquarters in Gadoon Amazai, Khyber Pakhtunkhwa, and will primarily focus on reviewing the annual accounts for the fiscal period ending on June 30, 2023.

The meeting holds significant importance as it will determine the declaration of any entitlement to the shareholders of Sardar Chemical Industries Limited. This decision is eagerly awaited by the company's investors, who have been keenly following the performance of the company over the past year.

In light of this meeting, the company has also announced a "Closed Period" from September 13th, 2023, until the meeting date of September 19th, 2023. During this closed period, trading in the company's shares will be restricted to ensure that all shareholders have equal access to information about the company's financial performance. This move is in line with regulatory requirements and aims to maintain transparency and fairness in the market.

Sardar Chemical Industries Limited has a strong reputation for its commitment to delivering high-quality chemical products and maintaining sound financial practices. The Board of Directors' decision regarding the annual accounts and entitlements will undoubtedly have a significant impact on the company's stakeholders and the wider market.

As the meeting date approaches, shareholders and industry experts are expected to closely monitor developments within the company. The outcome of this meeting will be closely watched, as it may have implications not only for the company's future but also for the broader chemical manufacturing industry in Pakistan.

Karachi, Silkbank Limited convened a Board Meeting on Tuesday, September 12, 2023, in Islamabad, with the purpose of addressing matters unrelated to financial results. In an official statement released today, the bank reassured shareholders and investors that no Price Sensitive Information (PSI) affecting the market price of Silkbank shares would be disclosed during this meeting.

The decision to hold a non-financial Board Meeting underscores the bank's commitment to transparency and compliance with regulatory requirements. While financial results often garner significant attention, these non-financial discussions are equally crucial for the institution's overall strategic planning and corporate governance.

Silkbank Limited has consistently maintained a responsible approach to the disclosure of PSI to ensure market stability and protect the interests of its stakeholders. By affirming that there will be no PSI announced during this meeting, the bank aims to maintain market confidence and prevent any unintended fluctuations in its share price.

Shareholders and investors are encouraged to stay informed about the outcomes of this Board Meeting, which, despite being non-financial in nature, may hold important implications for the bank's future plans and strategic initiatives.

As the meeting unfolds on September 12, 2023, Silkbank Limited remains committed to keeping its stakeholders informed while adhering to the highest standards of corporate governance and transparency.

Karachi, The Board of Directors of the Saudi Pak Leasing Company Limited gathered today at their Karachi headquarters to deliberate on crucial matters concerning the company's operations and financial performance.

One of the key agenda items for the meeting is the confirmation of the minutes of the 168th Board of Directors meeting, which was held on August 22, 2023. This process involves a detailed review of the discussions and decisions made during the previous meeting to ensure accuracy and transparency in the company's record-keeping.

Additionally, the Board is set to evaluate and potentially approve the Annual Accounts for the financial year ended on June 30, 2023. This action follows a recommendation from the company's Audit Committee, which has meticulously examined the financial statements and performance indicators to provide valuable insights and guidance.

The Saudi Pak Leasing Company Limited is a renowned institution in the financial sector, offering leasing and financing solutions to a wide range of clients. Board meetings like these play a vital role in steering the company's strategic direction and maintaining its commitment to sound financial management.

While specific details of the meeting discussions are yet to be disclosed, stakeholders and investors eagerly await the outcome, as it will provide critical insights into the company's financial health and future prospects.

The meeting is expected to conclude with resolutions on the aforementioned agenda items, potentially shaping the company's course for the upcoming financial year.

Karachi, Olympia Mills Limited has revealed that a pivotal Board of Directors meeting is slated for October 5, 2023, in Karachi. The primary agenda of this meeting is to deliberate upon the Annual Accounts for the period culminating on June 30, 2023, and assess the potential declaration of entitlements for stakeholders.

To ensure the integrity of the decision-making process, the company has duly enforced a "Closed Period" commencing from September 29, 2023, and extending until October 5, 2023. During this duration, insiders and employees with access to sensitive information are prohibited from trading the company's shares, adhering to standard corporate governance practices.

The impending meeting is highly anticipated, as it will provide valuable insights into the financial performance of Olympia Mills Limited over the specified period and potentially offer shareholders opportunities for entitlements. Stakeholders, investors, and market analysts are keenly observing the outcomes of this significant corporate event, as they await further details and potential market implications.

Karachi, The SUI Southern Gas Company Limited has announced that a meeting of its Board of Directors is scheduled for September 16, 2023, in Karachi. Unlike their usual gatherings that revolve around financial results, this meeting will focus on matters other than financial results.

In compliance with regulatory requirements, the company has declared a "Closed Period" commencing from September 9, 2023, and extending through September 16, 2023. During this closed period, insiders, including board members and key executives, are restricted from trading the company's securities to ensure fairness and transparency in the financial markets.

The decision to convene a board meeting to discuss matters beyond financial results has generated intrigue within the industry. While specific details regarding the agenda of the meeting have not been disclosed, it is common for such gatherings to address various strategic and operational issues, such as expansion plans, corporate governance matters, or significant policy changes.

SUI Southern Gas Company Limited, a leading natural gas distribution company in Pakistan, has been instrumental in delivering reliable energy solutions to millions of consumers across its service areas. The company's board meetings hold significant importance, as they often shape the direction and future prospects of the company.

Market analysts and industry experts are eagerly awaiting the outcome of the upcoming board meeting, as any decisions made could have far-reaching implications for the energy sector in Pakistan. Shareholders and stakeholders will be keenly observing the developments that emerge from this meeting, as they could offer insights into the company's strategic vision and priorities beyond financial performance.

Karachi, Dar es Salaam Textile Mills Limited has officially notified its members of the upcoming Annual General Meeting scheduled for September 30, 2023. The meeting, to be held in Lahore, will address important matters concerning the company's financial performance, governance, and potential changes in its registered office.

Under the ordinary business agenda, the company will review and adopt its audited financial statements for the fiscal year ending on June 30, 2023. This includes a thorough examination of the accompanying reports by auditors and directors, along with the review report from the Chairman. Additionally, members will be tasked with appointing auditors for the year ending June 30, 2024, and determining their remuneration. M/S Rizwan & Co. Chartered Accountants has been recommended for re-appointment by the Board of Directors and the Board Audit Committee.

The most significant agenda item, however, is the proposed special resolution. Subject to the approval and sanction of the Securities and Exchange Commission of Pakistan, the company seeks consent and approval from its members to change its registered office from Karachi, Pakistan. The proposed change will relocate the registered office to the province of Sindh, Pakistan, and an amendment to the Memorandum of Association is required to reflect this adjustment.

Furthermore, a resolution will be put forward to ratify an investment in Super Bird (Pvt) Limited, amounting to Rs. 3.5 million. This investment has been fully recovered, along with markup, in accordance with good corporate governance practices. This resolution falls under Section 199 of the Companies Act, 2017, and the Companies (Investment in Associated Companies or Associated Undertakings) Regulations, 2017.

The company's members are also informed that any additional business items may be presented during the meeting with the permission of the chair.

To facilitate the Annual General Meeting, the Members Register and Share Transfer Books will be closed from September 23, 2023, to September 30, 2023, inclusive.

The meeting promises to be a pivotal event in the future of Dar es Salaam Textile Mills Limited, as it addresses critical financial matters and potential changes in its corporate structure.

Karachi, The Board of Directors of GOC (Pakistan) Limited is set to convene a crucial meeting on September 18, 2023, to deliberate on the company's Annual Accounts for the fiscal period ending June 30, 2023. The primary agenda for the meeting is to determine whether any entitlement will be declared for the company's shareholders.

In anticipation of the upcoming board meeting, GOC (Pakistan) Limited has instituted a Closed Period, which began on September 11, 2023, and will remain in effect until September 18, 2023. During this Closed Period, insiders, including directors, officers, and employees of the company, are prohibited from trading in the company's shares to maintain transparency and fairness.

The decision to declare an entitlement, such as dividends or bonus shares, is of significant importance to the company's shareholders. It reflects the financial performance and profitability of GOC (Pakistan) Limited for the specified period and directly affects the returns received by the shareholders.

The meeting will bring together the board members, who will carefully assess the financial reports and other relevant data to make an informed decision regarding entitlement. Shareholders and stakeholders of the company eagerly await the outcome of the meeting, as it will have a direct impact on their investments in GOC (Pakistan) Limited.

The company's commitment to transparency and good corporate governance is evident through the implementation of a Closed Period, ensuring that all stakeholders have equal access to information and opportunities, without any undue advantage to insiders.

The results of the board meeting, including any decisions on entitlement, will be disclosed in due course to the public and shareholders, providing clarity on the financial performance and future prospects of GOC (Pakistan) Limited.

Karachi, Quice Food Industries Limited has announced that its Board of Directors will convene for a special meeting on September 15th, 2023, in Karachi. The primary agenda of this meeting is to deliberate and make crucial decisions regarding the number of Directors within the company.

To facilitate this strategic discussion, the company has officially declared a "Closed Period" from September 11th to September 15th, 2023. During this period, trading in the company's shares will be restricted, ensuring a fair and transparent decision-making process regarding the directorship.

This meeting signifies a pivotal moment in Quice Food Industries Limited's governance structure, with potential implications for the company's future direction and leadership. Stay tuned for updates on this significant board meeting and its outcomes as Quice Food Industries Limited charts a new course in its corporate journey.

Karachi, The Board of Directors of Kohinoor Spinning Mills Limited announced on September 9, 2023, that they have re-appointed Khawaja Muhammad Jahangir as Chairman of the Board and Mr. Muhammad Naveed as Chief Executive Officer of the Company. The re-appointment comes as a vote of confidence in their leadership, and the executives are set to serve a three-year term starting from September 10, 2023.

The decision to extend the tenures of Khawaja Muhammad Jahangir and Mr. Muhammad Naveed was made during the Board's meeting held at 1:30 pm on the said date. Kohinoor Spinning Mills Limited expressed their satisfaction with the duo's contributions to the company's growth and success, emphasizing their dedication and expertise in the textile industry.

Khawaja Muhammad Jahangir, with his wealth of experience in corporate leadership and strategic management, will continue to guide the company as Chairman of the Board. Under his leadership, Kohinoor Spinning Mills Limited has achieved numerous milestones, reinforcing its position as a leading player in the textile sector.

Mr. Muhammad Naveed, who has played a pivotal role in driving the company's operational excellence as Chief Executive Officer, will also continue his tenure. His efforts have been instrumental in the company's consistent growth and profitability.

The decision to re-appoint these leaders reflects Kohinoor Spinning Mills Limited's commitment to continuity in leadership, ensuring stability and sustained growth in the competitive textile industry. With their extensive knowledge and experience, Khawaja Muhammad Jahangir and Mr. Muhammad Naveed are expected to steer the company towards further success in the coming years.

Investors and stakeholders are eagerly awaiting the next phase of development and expansion under the renewed leadership of these seasoned executives, as they take charge on September 10, 2023.

Karachi, In a recent board meeting held on September 11, 2023, at Gammon House, Peshawar Road Rawalpindi, Bannu Woollen Mills Limited's Board of Directors approved the Capital Expenditure Budget for the financial year ending on June 30, 2024. The meeting also addressed various other matters, with no announcements regarding the dissemination of any price-sensitive information. It is noteworthy that the Annual Budget for the fiscal year ending June 30, 2024, had already received approval during the Board of Directors meeting held on June 26, 2023.

Karachi, Dynea Pakistan Limited's Board of Directors has officially accepted the resignation of Mr. Shabbir Abbas from his role as Director and Chief Executive Officer of the Company. This change is set to take effect from September 14, 2023.

Simultaneously, the Board has named Mr. Mustafa Jafar as the new Director and Chief Executive Officer of Dynea Pakistan Limited, effective from the same date. Mr. Jafar has been appointed to fill the casual vacancy left by the departure of Mr. Shabbir Abbas.

This transition in leadership marks a significant development within the company and is expected to bring about new strategies and directions for Dynea Pakistan Limited in the near future. Stay tuned for more updates on this evolving story.

Karachi, Rupali Polyester Limited has announced that its Board of Directors will convene on September 18, 2023, in Lahore to deliberate on the company's Annual Accounts for the period ending June 30, 2023, with a particular focus on the potential declaration of entitlements.

In light of this impending meeting, the company has declared a Closed Period from September 11, 2023, to September 18, 2023. During this time, the trading of Rupali Polyester Limited's shares will be restricted in compliance with regulatory requirements to ensure a fair and unbiased consideration of the financial matters at hand.

The Annual Accounts discussion is expected to be a pivotal moment for the company, as it will provide a comprehensive review of its financial performance during the specified period. Shareholders and stakeholders eagerly anticipate the outcome of the meeting and the potential entitlement declaration, which could have significant implications for the company's future and its investors.

Further details and outcomes of the Board Meeting will be communicated following the meeting's conclusion on September 18, 2023. Rupali Polyester Limited remains committed to transparency and compliance with all relevant regulations throughout this process.