Karachi, Azgard Nine Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on February 26, 2018.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2017 which portrayed a loss of Rs. 16,547,074 with loss per share 0.04 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Azgard Nine Limited was incorporated in Pakistan as a public limited company. It is a spinning, weaving, dyeing and stitching unit engaged in the manufacturing of yarn, denim and denim related products. The company has three production units with Unit I located at 2.5 K.M off Manga, Raiwand Road, District Kasur, Unit II at Alipur Road, Muzaffargarh and Unit III at 20 K.M off Ferozpur Road, 6 K.M Bandian Road on Ruhi Nala, Der Khud Lahore. The registered office of the company is situated Lahore. It is listed on Karachi Stock Exchange.
The symbol “ANL” is being used by the stock exchanges for the shares of Azgard Nine Limited.