Category: Elections / Appointments

Karachi, AEL Textile Limited informed Pakistan Stock Exchange about the Board of Directors have also Decided to hold extraordinary general meeting of the shareholders of the company held on February 24, 2023 at Karachi.

The share Transfer Books of the Company will remain closed from February 17, 2023 to February 24, 2023 (both days inclusive)

“Arshad Energy Limited is a public limited company incorporated in Pakistan on 20 February 1994. The Company is engaged in the business of generation and distribution of electricity through furnace fired power station having gross capacity of 12 MW in Tehsil Jaranwala, District Faisalabad, and Punjab, Pakistan.

The total numbers of shares are 8,000,000. The Earnings per share is (3.23) in 2020 which was (1.96) in 2019. The Company had a loss of Rs. 25,859,000 in 2020 which was 15,684,000 in 2019.”

Karachi, Dewan Cement Limited informed Pakistan Stock Exchange that the seven members have filed themselves with the Company, notices Directors of the company for a period of three years in the annual Extraordinary General meeting of the company scheduled to be held on January 26, 2023.

Dewan Cement Limited was incorporated in Pakistan as a public limited company in March, 1980. The principal activity of the company is to manufacture and sell cement. The Company is an ISO 9001:2008 certified company which has a capacity to produce more than 2,880,000 tons per annum from two separate manufacturing units, comprising of Pakland Cement Limited, and Saadi Cement Limited which was increased to capacity of 300,000 TPA and then 750,000 TPA.

The total number of shares the company has introduced are 484,113,343. The Earning Per Share in 2020 is (2.74) which was (0.57) in 2019. The company had a loss of Rs. 1,324,465,000 compare to a loss of Rs. 275,304,000 in 2019.

Karachi, Dewan Sugar Mills Limited informed Pakistan Stock Exchange that the seven members have filed themselves with the Company, notices Directors of the company for a period of three years in the annual general meeting of the company scheduled to be held on January 26, 2023.

Dewan Sugar Mills Limited (the Company) was incorporated in Pakistan, as a public Limited company on June 27, 1982. The Principal activity of the Company is production and sale of white crystalline refined sugar, processing and trading of by-products, and other related activities and allied products. The Company also have the delivery and Packaging options that are Bulk Vessel, ISO Tank and FCLs. The production of the company is recorded as 125,000 litres per day and 33,000 metric ton annually.

The total number of shares of the company are 91,511,992. The Company’s Earnings per shares is (9.69) in 2020 which was (5.98) in 2019. The Company had a loss of 886,326,000 in 2020 which was 546,914,000 in 2019.

Karachi, Dewan Farooque Spinning Mills Limited informed Pakistan Stock Exchange that the seven members have filed themselves with the Company, notices Directors of the company for a period of three years in the annual Extraordinary General meeting of the company scheduled to be held on January 26, 2023.

Dewan Farooque Spinning Mills Limited was incorporated as a Public Limited Company on December 22, 2003. The company is principally engaged in the manufacturing and sale of yarn.

The shares of the Company are 97,750,726. The Earnings per shares is (2.02) in 2020 which was (2.15) in 2019. The Company had a loss of 197,869,000 in 2020 which was 210, 213,000 in 2019.

Karachi, Habib Sugar Mills Limited informed Pakistan Stock Exchange that the seven members have filed with the company notices of their intention to offer themselves for election as Directors at the Extraordinary General Meeting of the Company scheduled to be held on January 25, 2023 at Karachi.

Habib Sugar Mills Limited is a public limited company incorporated in Pakistan. The Company is engaged in the manufacturing and marketing of refined sugar, ethanol, liquidities carbon dioxide (CO2), household textiles, providing bulk storage facilities and trading of commodities.

Established in 1962, the company produces 18,000 tonnes of liquefied CO2. HSM also maintains bulk terminals at the port for commodity storage as well as for import and export purposes.

The total numbers of shares are 150,000,000. The Earnings per share is 4.63 in 2020 which was 8.02 in 2019.The Profit after Taxation is 694,295,000 in 2020 which was 1,202,276,000 in 2019.

Karachi, Pakistan Oxygen Limited informed Pakistan Stock Exchange that the ten members have filed with the company notices of their intention to offer themselves for election as Directors at the Extraordinary General Meeting of the Company scheduled to be held on January 23, 2023 at Karachi.

Pakistan Oxygen Limited was incorporated in Pakistan, 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.

The total numbers of shares are 46,872,446. The Earnings per share is 8.87 in 2020 which was 7.70 in 2019. The Profit after taxation is 346,281,000 in 2020 which was 300,585,000 in 2019.

Karachi, Mirpurkhas Sugar Mills Limited informed Pakistan Stock Exchange that the seven members have filed with the company notices of their intention to offer themselves for election as Directors at the Annual General Meeting of the Company scheduled to be held on January 21, 2023 at Mirpurkhas.

Mirpurkhas Sugar Mills Limited was incorporated in Pakistan on May 27, 1964 as a public limited company and its shares are quoted on Pakistan Stock Exchange Limited. Principal activity of the Company is manufacturing and selling of sugar.

The Company is located approximately 230 km from the port of city of Karachi, in Mirpurkhas. It has a sugar cane crushing capacity of 12,500 tons per day.

The total numbers of shares are 13,495,041. The Earnings per share (8.58) in 2020 which was 25.04 in 2019. The Profit after Taxation is (115,841,000) in 2020 which was 307,188,000 in 2019.

Karachi, Dewan Automotive Engineering Limited informed Pakistan Stock Exchange that the seven members have been elected as Directors of the company in the meeting held on January 02, 2023.

Dewan Automotive Engineering Limited was incorporated on May 6, 1982 and commenced operations in August 1983. The company’s business is the assembly-cum progressive manufacture and sale of tractors, light commercial vehicles and motorcycles and trading/manufacturing of parts and implements related thereto. The company was taken over by Yousaf Dewan Companies.

The total number of shares are 21,400,000. The Earnings per shares of the Company is (2.78) in 2020 which was (3.93) in 2019.The Company had a loss of 59,386,000 in 2020 which

Karachi, Escorts Investment Bank Limited informed Pakistan Stock Exchange that the seven have been elected as Directors of the Company for the term of next three years commencing from December 30, 2022 at Lahore.

Escorts Investment Bank Limited was incorporated in Pakistan on 15 May 1995 and is regulated and supervised by the Securities and Exchange Commission of Pakistan and is listed on the Pakistan Stock Exchange.

The Company is licensed to carry out investment finance services, as a Non-Banking Finance Company and Nonbanking Finance Companies. The Company is a subsidiary of Bahria Town (Private) Limited.

The total numbers of shares are 135,600,000. The Earnings per share is (0.24) in 2020 which was (1.14) in 20219. The Company had a loss of Rs. 29,910,000 in 202 which was 50,296,000 in 2019.

Karachi, Imperial Sugar Limited informed Pakistan Stock Exchange that the seven members have been re-elected as Directors of the company for a term of three years commencing from December 31, 2022 in the Extraordinary General Meeting of shareholder of the company held on December 31, 2022.

Imperial Limited is a public limited company, incorporated on May 9th, 2007 to undertake Sugar and Allied businesses. The company acquired two Sugar plants and one Ethyl Alcohol (Ethanol) Distillery in the year 2007. After completion of these acquisitions and approval of the SECP and KSE, the Company was listed on Karachi Stock Exchange on August 13th, 2008.

The total numbers of shares are 99,020,000. The Earnings per share is 1.56 in 2019. Which was (6.31) in 2018. The Profit after Taxation is 154,893,000 in 2019 which was (624,609,000) in 2018.

Karachi, Altern Energy Limited informed Pakistan Stock Exchange that the seven members have elected unopposed as Directors of the next term of three years commencing December 31, 2022.

Altern Energy Limited was incorporated in Pakistan as a listed public company limited. The Company is subsidiary of Descon Engineering Limited.

The objective of the Company is to generate and supply electric power to the Water and Power Development Authority of Pakistan (WAPDA) from its thermal power plant having a gross capacity of 32 Mega Watts (June 30, 2016 : 32 Mega Watts). The Company also holds direct and indirect investments in other companies engaged in power sector. The registered office of the Company is situated at Descon Headquarters, 18 km, Ferozepur Road, Lahore.

The Shares of the Company are quoted on Pakistan Stock Exchange, and the symbol “ALTN” is being used for the shares of the Company.

The total number of shares the company has issued are 363,380,000. Earning Per Share has increased in 2020 and is 4.65 which was 2.63 in 2019. The Profit After Taxation in 2020 is 1,689,621,000 which was 954,822,000 in 2019.

Karachi, Panther Tyres Limited informed Pakistan Stock Exchange that in the Extraordinary General Meeting held on December 28, 2022 at Lahore, the seven directors have been elected for a term of three years commencing from January 01, 2023.

Panther Tyres Limited is in the tyres and tubes industry of Pakistan. Apart from its main business, the Company has also ventured into trading business of automobile spare parts and lubricants.

The total numbers of shares are 140,000,000. The Earnings per share is 7.06 in 2021 which was 2.50 in 2020. The Profit after taxation is 851,262,000 in 2021 which was 251,827,000 in 2020.