Category: Board Meetings

Karachi, Crescent Steel and Allied Products Limited informed Pakistan Stock Exchange that a meeting of the Board of Directors of the Company scheduled to be held on June 28, 2021 at Karachi to consider and approve corporate strategy, operating and capex budget for the financial year 2021-2022, is in progress.

Crescent Steel and Allied Products Limited was incorporated on August 1, 1983 as a public limited company in Pakistan under the Companies Ordinance, 1984. The steel segment of the company manufactures large diameter spiral submerged arc welded steel line pipes and a pipe coating facility capable of applying multi and single layer, high density polyethylene internal and external coatings. The shares of the company are quoted on the Karachi, Islamabad and Lahore Stock Exchange of Pakistan. The registered office of the company is located at Lahore.

The steel segment operates an engineering unit, capable of fabricating and erecting reliable machinery at par with international standards. The unit is located in Faisalabad and caters primarily to the sugar, cement, paper and dairy industries. The Cotton segment comprises of two spinning units, CCP-I with 19,680 spindles and CCP-II (currently not operational) with 25,344 spindles. The Cotton segment operates under the title “Crescent Cotton Products, a division of Crescent Steel and Allied Products Limited” and with the operational unit, has the capability of producing 500 bags of high quality cotton carded yarn, in counts ranging from 6s to 30s.

The company operates two fully owned subsidiaries in the capital markets and power sectors, CS Capital Private Limited and Shakarganj Energy Private Limited, respectively.

The symbol “CSAP” is being used by the stock exchanges for the shares of Crescent Steel and Allied Products Limited.

Karachi, Ghani Global Glass Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on June 28 2021 at Karachi. The agenda of the meeting has to approve the MOU signed by the Company with a Serbian out in the form of joint venture with the Serbian Company with 50% sharing ratio for manufacturing of glass ampoules and Vials from glass tube to be supplied by the Company.

The Company was incorporated during October 2007 in the name of Ghani Tableware (Pvt) Limited. During July 2008 the company was converted into public company. During January 2009, name of the company was changed to GHANI GLOBAL GLASS LIMITED.

The company has been setting up a Brand New State-of-the-Art fully automated glass tubing manufacturing plant, f world’s top ranking European Brand. The installed capacity of the plant to produce international standard Glass Tubing up to 24 tons / per day.

Plant and machinery have been imported from world’s renowned manufacturers of glass manufacturing machinery from Italy, Japan, Germany, UK and China.

The symbol “GGGL” is being used by the stock exchanges for the shares Ghani Global Glass Limited.

Karachi, BIPL Securities Limited informed Pakistan Stock Exchange that a meeting of the Board of Directors of the Company scheduled to be held on June 28, 2021 at Karachi to consider the agenda other than financial results. Is in progress.

BIPL Securities Limited was incorporated in Pakistan on October 24, 2000 under the Companies Ordinance, 1984. The company is a subsidiary of KASB Bank Limited which acts as a parent company. The holding includes 77.12% of the shares of the group. The operations of the company were effectively commenced from January 01, 2003. The assets and liabilities of the securities segment of the then Khadim Ali Shah Bukhari and Company Limited under the scheme of arrangement approved by the High Court of Sindh. The shares of the company are listed on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi.

The company has corporate membership of the Karachi Stock Exchange Limited and Pakistan Mercantile Limited. The company is principally engaged in the business of stocks, money market, foreign exchange and commodity broking. The company also invests in a mix of listed and unlisted equity and debt securities, economic research and advisory services.

The subsidiary of the company is Structured Venture Limited which was incorporated in Pakistan on June 25, 2010. It is wholly owned by KASB Securities Limited.

The symbol “KASBSL” is being used by the stock exchange for the shares of KASB Securities Limited.

Karachi, Atlas Asset Management Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on July 02, 2021 at Karachi. The agenda of the meeting will to consider and approve the final distribution, if any, of AMF, ASF, AIF, ASMF, AIIF, AISF, AIMF, AIFOF and AIDSF for the period ended June 30, 2021.

Further, the company has declared the closed period from July 01, 2021 to July 02, 2021.

Atlas Asset Management Limited (AAML), an Atlas Group Company, was incorporated on 20 August 2002 as an unlisted public limited company and is registered with the Securities and Exchange Commission of Pakistan as an asset management company for managing open-ended funds and closed-end funds. AAML is also a licensed pension fund manager to manage voluntary pension funds.

AAML is a wholly owned subsidiary of Shirazi Investments (Pvt.) Limited (SIL). As the parent company, SIL sponsors Atlas Group projects. Atlas group is a diversified group dealing in engineering, financial services, real estate & trading.

Karachi, Sui Northern Gas Pipelines Limited informed Pakistan Stock Exchange that Board of Directors meeting of the Company will be held on July 02, 2021 at Islamabad. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2020.

Further, the company has declared the closed period from June 25, 2021 to July 02, 2021.

“Sui Northern Gas Pipelines Limited was incorporated in Pakistan as a public limited company. The foundations of the company are laid using the Companies Ordinance, 1984. The principle activities of the company are the purchase, transmission, distribution and supply of natural gas. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Lahore.

The symbol “SNGP” is being used by the stock exchanges for the shares of Sui Northern Gas Pipelines Limited.”

Karachi, Habib Metropolitan Bank Limited informed Pakistan Stock Exchange that Board of Directors meeting of the Company will be held on July 02, 2021 at Karachi to consider the items other than financial results.

Further, the company has declared the closed period from June 25, 2021 to July 02, 2021.

“Habib Metropolitan Bank Limited is a bank incorporated in Pakistan on August 3, 1992 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The bank is engaged in commercial banking and related services. The Bank operates in 174 branches, including 6 Islamic banking branches and 40 sub branches in Pakistan. The bank is a subsidiary of Habib Bank AG Zurich – Switzerland which holds 51% shares in the bank which is incorporated in Switzerland. The shares of the bank are quoted on the Karachi Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the bank is situated at Karachi.

The symbol “HMB” is being used by the stock exchanges for the shares of Habib Metropolitan Bank Limited.”

Karachi, Cherat Packaging Limited informed Pakistan Stock Exchange that board of directors meeting of the company held on June 25, 2021 at Karachi to consider the approve Annual Budget for the Year 2021-2022.

Cherat Packaging Limited is a company incorporated in Pakistan. The foundations of the company are laid under the Companies Ordinance, 1984. The company was converted into a public limited company in the year 1989. The principal activity of the business is manufacturing, marketing and sale of paper sack and polypropylene bags. The commercial production of the company started on December 15, 1991. It is listed on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Peshawar.

The symbol “CPPL” is being used by the stock exchange for the shares of Cherat Packaging Limited.

Karachi, Fatima Enterprises Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on June 28, 2021 at Multan. The agenda of the meeting will to confirm the minutes of last meeting held on April 28, 2021.

Fatima Enterprises has built a reputation of excellence in quality and commitment to leadership since its establishment in the year 1991.In just a matter of a few years we have established ourselves as one of the leading manufacturers and exporters of superior quality cotton yarns in Pakistan. As manufacturers of ‘A’ grade knitting/weaving cotton yarn, Fatima Enterprises has maintained Uster top 5% results from Pakistan throughout.

The symbol “FAEL” is being used by the stock exchanges for Fatima Enterprises Limited.

Karachi, Atlas Battery Limited informed Pakistan Stock Exchange that Board of Directors in their meeting held on June 24, 2021 via video / audio link has approved the annual budget of the Company for the financial year 2021-22.

“Atlas Battery Limited was incorporated as a public limited company on October 19, 1966. The company is engaged in manufacturing and sale of automotive and motorcycle batteries. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office and manufacturing facility of the company is located in Karachi.

The company manufactures polypropylene and hard rubber batteries to cater the needs of passenger cars of varied capacities, trucks, tractors, heavy vehicles, construction and road building equipment, as well as host of stationary and industrial applications. Motorcycle batteries have also been added to this range.

The symbol “ATBA” is being used by the stock exchanges for the shares of Atlas Battery Limited.”

Karachi, Pakistan Oxygen Limited informed Pakistan Stock Exchange that Board of Directors in their meeting held through video link on June 23, 2021 at Karachi noted progress on the Company’s ongoing projects.

Pakistan Oxygen Limited was incorporated in Pakistan under the repealed Companies Act, 1913 (now Companies Act, 2017), as a private limited company in 1949 and converted into a public limited company in 1958. The Company is principally engaged in the manufacturing of industrial and medical gases, welding electrodes and marketing of medical equipment.

Karachi, Capital Assets Leasing Corporation Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on June 30, 2021 at Karachi to consider the matter other than financial result.

Further, the company has declared the closed period from June 24, 2021 to June 30, 2021.

Capital Assets Leasing Corporation Limited is a company incorporated in Pakistan on April 1, 1992 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is to carry on leasing business. It is also engaged in renting out of vehicles through its holding company. The company is a subsidiary of M/s. Optimus Limited which holds 83.96% ordinary share capital of the company. The registered office of the company is situated at Karachi. The stocks of the company are quoted on Karachi, Islamabad and Lahore Stock Exchanges in Pakistan.

The symbol “CPAL” is being used by the stock exchanges for the shares of Capital Assets Leasing Corporation Limited.

Karachi, Al-Ghazi Tractors Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on June 30, 2021 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended March 31, 2021 for declaration of any entitlement has been rescheduled on June 30, 2021.

Further, the company has declared the closed period from June 23, 2021 to June 30, 2021.

Al-Ghazi Tractors Limited was incorporated in Pakistan as a Public Limited Company in June 1983 and is quoted on the Pakistan Stock Exchange. Al-Ghazi Tractors Limited is principally engaged in the manufacturing and production of agricultural tractors, implements and spare parts. The company is a subsidiary of Al-Futtaim Industries Company LLC, U.A.E

The Company has the main plant in Dera Ghazi Khan and started the production in February 1984.

The Company has quoted its shares on the Pakistan Stock Exchange, and the symbol “AGTL” is being used for the shares of the Company

The total number of shares the company has issued so far are 57,964,201. Earnings Per Share has increased in 2020 and is 23.28 which was 16.87 in 2019. The Profit After Taxation in 2020 is 1,349,657,000 which was 977,652,000 in 2019.