Category: Elections / Appointments

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.

Karachi, Tandlianwala Sugar Mills Limited informed Pakistan Stock Exchange that the seven members have fixed to be elected as Directors of the Company in the Annual General Meeting for the next term of three years.

The Company was incorporated in Pakistan on November 01, 1988 as a public limited company. The principal activity of the Company is production and sale of white crystalline sugar and ethanol.

TSML produces sugar, ethanol and carbon dioxide and produced its first refined sugar in 1992 and have expanded frequently since then. The Sugar operation of the company is began with their mill at Kanjwani, in Punjab’s Faisalabad District. TSML is also Pakistan’s ethanol producer, manufacturing both ENA and REN grades.

The total numbers of shares are 117,706,300. The Earnings per share is (2.39) in 2020 which was 12.30 in 2019. The Profit after Taxation is (281,725,000) which were 1,448,317,000 in 2019.

Karachi, Dewan Automotive Engineering Limited informed Pakistan Stock Exchange that the seven members have filed with the company, notices their intention to offer themselves to contest and be elected as Directors of the company for a period of three years, in the Extraordinary General Meeting of the company scheduled to be 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, Amtex 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 for the next term of three years at the Extraordinary General Meeting of the company to be held on December 31, 2022.

Amtex Limited is a public limited company incorporated in Punjab, Pakistan. The principal business of the Company is export of all kinds of value added fabrics, textile made-ups, casual and fashion garments duly processed. The Company is also engaged in the business of manufacturing and sale of yarn and fabrics on its own & conversion basis.

The total number of shares are 259,430,134. The Earnings per share is (2.59) in 2020 which was (1.01) in 2019. The Company has a loss of Rs. 670,966,000 in 2020 which was 262,719,000 in 2019.

Karachi, First Capital Equities Limited informed Pakistan Stock Exchange that the seven members have filed with the company, notices their intention to offer themselves for election of Directors in the Extraordinary General Meeting of the shareholders of the company scheduled to be held on December 30, 2022.

First Capital Equities Limited (the “Company”) was incorporated in Pakistan on January 26, 1995 as a private limited company, under the Companies Ordinance, 1984. The Company was converted into a public limited company on June 18, 1997 and is listed on Lahore Stock Exchange (Guarantee) Limited. The Company is a subsidiary of First Capital Securities Limited.

The symbol “FCEL” is being used by the stock exchange for the shares of First Capital Equities Limited.

Karachi, Mehran Sugar Mills Limited informed Pakistan Stock Exchange that the seven member have fixed as Directors of the company for the next three years of commencing.

Mehran Sugar Mills Limited was incorporated in Pakistan as a public limited company in December 1965. The Company is principally engaged in the manufacturing and sale of sugar and its by-products.

Mehran Sugar Mills Limited is engaged in manufacturing and marketing of white refined cane sugar and brown sugar while utilizing its by-products such as Molasses and Baggasse to produce ethanol and power respectively.

The total numbers of shares are 48,927,572. The Earnings per share is 1.01 in 2020 which was 8.67 in 2019. The Profit after Taxation is 47,027,000 in 2020 which was 403,834,000 in 2019.

Karachi, Shaffi Chemical Industries Limited informed Pakistan Stock Exchange that the seven members have filed with the company notices their intention to contest the election of directors of the company in their Extraordinary General Meeting scheduled to be held on December 30, 2022 at Swabi.

The Company was incorporated as Public Limited Company on 27th September 1994. The main activity of the company is to manufacture and process of Di-OctyleOrtho Phathalates (DOP) Chemicals. Currently the company is to produce Lith and Diltex Binder.

The total numbers of shares are 12,000,000. The Earnings per share is (0.60) in 2020 which was (0.52) in 2019. The Company had a loss of Rs. 7,168,000 in 2020 which was 6,211,000 in 2019.

Karachi, JS Investments Limited informed Pakistan Stock Exchange that the seven members have filed with the company, notices of their intention to contest the election of directors at the Extraordinary General Meeting of the Company to be held on December 28, 2022 at Karachi.

JS Investments Limited was incorporated in Pakistan on February 22, 1995. The company is a subsidiary of JS Bank Limited which is a subsidiary of JSCL (Jahangir Siddiqui & Co. Limited), Ultimate Parent. The company is engaged in asset management and pension fund management.

JS Investments Limited (JSIL) (estd. 1995) is the private sector Asset Management Company in Pakistan. JSIL offers a wide range of investment products including mutual funds, voluntary pension schemes, and Separately Managed Accounts (SMAs) to cater to the needs of individual and institutional investors. The company has played a key role in defining the standards of Asset Management industry in Pakistan.

The total number of shares of the Company is 61,774,256. The Earning per shares are (0.64) in 2020 which was (1.17) in 2019. The Company had a loss of 39,801,000 in 2020 which was 86,645,000 in 2019.