Karachi, Millat Tractors Limited informed Pakistan Stock Exchange that fractional bonus shares against allocation of B-26 to the Shareholders of the Company for the year ending June 30, 2022 were disposed of on November 30, 2022 through Stock TREC Holder M/s. Abbasi and company (Pvt.) Limited.
The amount of Rs. 1,266,670.87/- being the net proceeds of fractional shares will be paid to charitable institution as per resolution of the Board of Directors of the Company approved in Annual General Meeting held on October 27, 2022.
“Millat Tractors Limited is a public interest company, was incorporated on June 08, 1964. The Company is engaged in assembly and manufacturing of agricultural Tractors, Implements and Multi-application products. The Company is also involved in the sale, implementation and support of IFS applications in Pakistan.
The total number of shares of the Company are 56,057,751. The Earnings per share of the Company is 43.16 in 2020 which was 73.01 in 2019. The Profit After Taxation is 2,150,548,000 in 2020 which was 3,638,045,000 in 2019.”