Category: Board Meetings

Karachi, Engro Fertilizers Limited has announced that a meeting of the Board of Directors is scheduled to take place on July 26, 2023, in Karachi. The primary agenda of the meeting will be to review and consider the financial statements for the half-year ending June 30, 2023. Additionally, the Board will discuss and potentially declare any entitlement for shareholders.

In compliance with clause 5.6.4 of the Rule Book of the Pakistan Stock Exchange, Engro Fertilizers Limited has declared a "Closed Period" from July 17 to July 26, 2023. This Closed Period prohibits Directors, CEOs, and Executives, both directly and indirectly, from engaging in any transactions involving the company's shares.

The implementation of the Closed Period aligns with regulatory requirements and seeks to ensure fairness, transparency, and integrity in the market. By restricting insider trading during this period, Engro Fertilizers Limited aims to prevent any potential misuse of non-public information and maintain a level playing field for all investors.

During the Board meeting, the financial statements for the half-year ending June 30, 2023, will undergo a comprehensive review. This assessment will provide valuable insights into the company's financial performance, position, and future outlook. Furthermore, the meeting will address the potential declaration of entitlement, which could involve dividends or other benefits for shareholders.

Investors and stakeholders eagerly await the outcome of the meeting, as the review of financial statements and potential entitlement declaration will directly impact shareholder value and reflect the company's commitment to transparency and accountability.

Engro Fertilizers Limited remains dedicated to upholding the highest standards of corporate governance and delivering value to its shareholders. The Board meeting serves as a crucial milestone in assessing the company's financial health and strategic direction, reinforcing its position as a leading player in the fertilizer industry.

Karachi, Fauji Fertilizer Bin Qasim Limited has announced that a meeting of the Board of Directors is scheduled to take place on July 21, 2023, in Islamabad. The primary agenda of the meeting is to review and consider the Half Yearly Financial Statements for the period ending June 30, 2023. Additionally, the board will discuss the potential declaration of any entitlement for shareholders.

In accordance with Clause 5.6.1 of the PSX Regulations, Fauji Fertilizer Bin Qasim Limited has declared a "Closed Period" from July 17 to July 21, 2023. During this period, Directors, CEOs, and Executives are prohibited from engaging in any direct or indirect trading of the company's shares.

The implementation of the Closed Period is aimed at ensuring fairness, transparency, and integrity in the market. By restricting insider trading during this period, Fauji Fertilizer Bin Qasim Limited aims to prevent any potential misuse of non-public information and maintain a level playing field for all investors.

During the Board of Directors' meeting, the Half Yearly Financial Statements will undergo comprehensive review and assessment. This analysis will provide valuable insights into the company's financial performance, position, and potential for shareholder entitlements such as dividends or other benefits.

Investors and stakeholders eagerly await the outcome of the meeting, as the review of the Half Yearly Financial Statements and potential entitlement declaration will directly impact shareholder value. Fauji Fertilizer Bin Qasim Limited remains dedicated to providing accurate and timely financial information while ensuring the best interests of its shareholders.

The Board meeting represents a significant milestone in the company's financial management and decision-making process. Fauji Fertilizer Bin Qasim Limited continues to strive for excellence in its operations and deliver long-term value to its shareholders, contributing to the growth and stability of the fertilizer industry.

Karachi, Pakistan Refinery Limited has announced that a meeting of the Board of Directors is scheduled to take place on July 15, 2023, in Karachi. The primary agenda of the meeting is to discuss the Revised Business Plan for the company.

In compliance with Clause 5.6.1(d) of the PSX Regulations, Pakistan Refinery Limited has declared a "Closed Period" from July 14 to July 14, 2023. During this period, Directors, CEOs, and Executives are prohibited from engaging in any direct or indirect trading of the company's shares.

The implementation of the Closed Period is aimed at ensuring fairness, transparency, and integrity in the market. By restricting insider trading during this period, Pakistan Refinery Limited aims to prevent any potential misuse of non-public information and maintain a level playing field for all investors.

During the Board of Directors' meeting, the Revised Business Plan will be thoroughly reviewed and discussed. This plan outlines the strategic direction and objectives of the company, and its revision reflects the company's adaptability to changing market dynamics and emerging opportunities.

Investors and stakeholders are keenly awaiting the outcome of the meeting, as the discussion on the Revised Business Plan will shed light on Pakistan Refinery Limited's future plans and potential areas of growth. The company remains committed to providing accurate and timely information to its shareholders, ensuring transparency and accountability.

The Board meeting represents a crucial step in the company's decision-making process and underscores its commitment to long-term success. Pakistan Refinery Limited continues to prioritize efficient operations and sustainable growth, contributing to the development of the oil refining sector in Pakistan.

As the market anticipates the outcome of the meeting, investors will closely evaluate the Revised Business Plan's potential impact on the company's performance and shareholder value.

Karachi, National Refinery Limited has announced that a meeting of the Board of Directors is scheduled to take place on July 18, 2023, through a Video Link Facility. The meeting will focus on discussing agenda items other than financial results.

In compliance with Clause 5.6.4 of the PSX's Rule Book, National Refinery Limited has declared a "Closed Period" from July 17 to July 18, 2023. During this period, Directors, CEOs, and Executives are prohibited from engaging in any direct or indirect trading of the company's shares.

The implementation of the Closed Period aligns with regulatory requirements and ensures fairness and transparency in the market. By restricting insider trading during this period, National Refinery Limited aims to maintain a level playing field for all investors and prevent potential misuse of non-public information.

During the virtual meeting, the Board of Directors will discuss agenda items of importance to the company. While the specific details of the agenda have not been disclosed, it is expected to cover key strategic matters or operational decisions that will shape the company's future direction.

Investors and stakeholders are eagerly awaiting the outcomes of the meeting, as the agenda discussions will provide valuable insights into National Refinery Limited's future plans and potential initiatives. The company remains committed to transparent and responsible corporate governance, ensuring the best interests of its shareholders.

The virtual Board meeting signifies National Refinery Limited's commitment to adaptability and leveraging technology to facilitate effective decision-making. The use of the Video Link Facility allows for remote participation and ensures the safety and convenience of all attendees.

As the market awaits the outcomes of the meeting, investors will closely monitor any developments that may impact the company's performance and future prospects. National Refinery Limited continues to prioritize sustainable growth and operational excellence in the dynamic landscape of the oil refining industry.

Karachi, Century Paper & Board Mills Limited has successfully sold a fraction of its Bonus Shares through Sherman Securities (Private) Limited, a member of the Stock Exchange. The details of the transaction are as follows:

Settlement Date:

14-07-2023

Rate per Share (Rs.):

32.5200

Commission, Sales Tax, and CDC Charges:

32.57 (for 500 shares)

27.94 (for 416 shares)

Total:

Number of shares sold: 916

Net Amount (Rs.): 29,727.81

This transaction represents Century Paper & Board Mills Limited's proactive approach to managing fractional shares, ensuring the seamless distribution of entitlements to its shareholders. The involvement of Sherman Securities (Private) Limited as the member of the Stock Exchange underscores the company's commitment to working with reputable market participants.

The successful sale of the fractional bonus shares enables Century Paper & Board Mills Limited to efficiently address the division of shares and provide value to its shareholders. By engaging in such transactions, the company ensures fairness and transparency in the distribution of entitlements, further enhancing investor confidence.

Century Paper & Board Mills Limited continues to prioritize the responsible handling of fractional shares, recognizing their importance in maintaining equitable share distribution. The company's collaboration with Sherman Securities (Private) Limited showcases its dedication to working with trusted partners in the financial industry.

This transaction will contribute to the overall shareholder experience and demonstrates Century Paper & Board Mills Limited's commitment to efficient operations and the optimal utilization of its resources.

Karachi, Sui Southern Gas Company Limited has announced that a meeting of the Board of Directors is scheduled to take place on July 22, 2023, in Karachi. The primary agenda of the meeting is to discuss matters other than financial results. If any material information emerges from the meeting, it will be promptly disseminated in accordance with the requirements of the PSX Regulations.

In compliance with Clause 5.6.4 of the PSX Regulations, Sui Southern Gas Company Limited has declared a "Closed Period" from July 15 to July 22, 2023. During this period, Directors, CEOs/MDs, and Executives are prohibited from engaging in any direct or indirect trading of the company's shares.

The implementation of the Closed Period ensures fairness, transparency, and integrity in the market. By restricting insider trading during this period, Sui Southern Gas Company Limited aims to prevent any potential misuse of non-public information and maintain a level playing field for all investors.

The Board meeting signifies the company's commitment to effective governance and strategic decision-making. While the specific details of the agenda have not been disclosed, the meeting will address non-financial matters critical to the company's operations, growth, and future direction.

As the market awaits further information, investors and stakeholders are keenly interested in the outcomes of the Board meeting. Any material information arising from the meeting will be promptly shared, reflecting the company's dedication to transparency and timely disclosure.

Sui Southern Gas Company Limited remains focused on delivering reliable gas services and ensuring the best interests of its shareholders. The Board meeting represents an important opportunity for key stakeholders to engage in discussions and shape the company's strategies and initiatives.

While the Closed Period restricts trading during this period, it also provides an environment conducive to unbiased decision-making and fair market practices. Sui Southern Gas Company Limited continues to prioritize responsible corporate governance and adherence to regulatory requirements, safeguarding the interests of its shareholders and maintaining market integrity.

Karachi, Ansari Sugar Mills Limited, a leading sugar manufacturing company, is pleased to announce key decisions made by the Board of Directors during their meeting held today.

The Board of Directors, in accordance with section 159(1) of the Companies Act, 2017, has fixed the number of elected directors at seven (7) for the upcoming term of three years. This decision reflects the commitment of Ansari Sugar Mills Limited to ensure effective governance and representation in the company's leadership.

Furthermore, Ansari Sugar Mills Limited has scheduled its Annual General Meeting (AGM) to be held on August 16, 2023. The AGM will take place at District Tando Muhammad Khan, Hyderabad, Sindh. The AGM provides an important platform for shareholders to receive updates on the company's performance, participate in decision-making processes, and engage with the management team.

Karachi, Interloop Limited, a leading global manufacturer of quality socks and hosiery, recently held a Board of Directors' meeting on July 13, 2023, in Faisalabad. The meeting primarily focused on matters other than financial results. Following the conclusion of the meeting, Interloop Limited issued a statement clarifying that no price-sensitive information was shared that could potentially impact the market price of the company's shares.

Karachi, Arif Habib Dolmen REIT Management Limited, the management company of Dolmen City REIT, has announced an emergent meeting of the Board of Directors. The meeting, scheduled for 18th July 2023 in Karachi, will focus on considering and approving the distribution of the final dividend, if any, by the Scheme for the year ended 30th June 2023.

The meeting will serve as a platform for the Board of Directors to evaluate the financial performance of Dolmen City REIT and determine the distribution of dividends to the unit holders. The final dividend, if approved, will reflect the Scheme's profitability for the specified period and reward the investors for their participation.

In compliance with clause 5.6.4 of the Rule Book of Pakistan Stock Exchange Limited, Arif Habib Dolmen REIT Management Limited has established a closed period from 14th July 2023 to 18th July 2023. During this period, no announcements will be made regarding the Scheme to ensure fairness and integrity in the market.

The closed period prevents any trading or transactions related to Dolmen City REIT in order to maintain market neutrality and avoid potential market manipulation. It also allows the Board of Directors to assess the financials and make informed decisions without any external influence.

Investors and stakeholders will eagerly await the outcome of the Board meeting and the subsequent announcement of the final dividend distribution. The decision will not only provide clarity on the financial rewards for the unit holders but also demonstrate the commitment of Arif Habib Dolmen REIT Management Limited to value creation and transparency.

Arif Habib Dolmen REIT Management Limited will continue to comply with regulatory requirements and keep the market updated on any material information related to Dolmen City REIT. The company's focus remains on delivering value to its investors and maintaining the highest standards of corporate governance.

As the Board of Directors convenes to discuss the final dividend distribution, Dolmen City REIT remains a reputable investment option in the real estate sector, showcasing its potential for sustainable growth and attractive returns for investors.

Karachi, In a recent meeting held on July 10, 2023, the shareholders of Beco Steel Limited convened to discuss various matters and pass ordinary resolutions. The meeting primarily focused on confirming the minutes of the Annual General Meeting (AGM) held on October 28, 2022.

During the meeting, the shareholders unanimously approved and confirmed the minutes of the previous AGM. This resolution signifies the shareholders' agreement and acknowledgment of the accuracy and completeness of the minutes from the previous annual gathering.

Karachi, Data Agro Limited, a leading company, has responded to the recent unusual movements in the price or volume of its shares. The company has stated that it is not aware of any developments that could explain the fluctuations and emphasizes that there is no undisclosed material information that may have influenced the market.

In accordance with Section 97 of the Securities Act, 2015, and Clause 5.6.3 of the Pakistan Stock Exchange Regulations, Data Agro Limited affirms its commitment to transparency and compliance with all legal and regulatory procedures. The company reassures stakeholders that it remains fully cognizant of its obligations and will continue to ensure adherence to these requirements.

Karachi, In compliance with a court order, Big Bird Foods Limited (BBFL) has announced an Extraordinary General Meeting (EOGM) for its shareholders on July 31, 2023, in Lahore. The purpose of the meeting is to consider and potentially adopt the Scheme of Compromises, Arrangements, and Reconstruction, which involves the merger of MetaTech Trading Limited with BBFL.

Following a meeting on June 22, 2023, the Board of Directors of BBFL has approved the proposed scheme and recommended its resolutions to the shareholders. The Scheme aims to facilitate the amalgamation/merger of MetaTech Trading Limited, including its members, with Big Bird Foods Limited and its members. The Board of Directors passed a resolution to endorse the draft scheme of compromises, arrangement, and reconstruction, in accordance with the relevant provisions of the Companies Act, 2017.