Karachi, Baluchistan Glass Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 30, 2019.
The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2019 which portrayed a loss of Rs. 55,882 with loss per share 0.21 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Baluchistan Glass Limited is a company incorporated in Pakistan. It commenced operations as a public limited company in May 1983. It was acquired by the Gharibwal Group in 1999. The BGL Unit I manufacturing facility is located at Hub in Baluchistan. BGL-II (Ex-Ravi) & BGL-III (Ex- Rachna) are both located on the Lahore. The total capabilities of the units are 36,000 tons, 75,000 tons and 22000 tons per annum respectively. It produces various types of narrow and wide neck glass containers for soft drinks, juices, food, pharmaceuticals and breweries in flint, green & amber. The food and beverage products are sold locally and internationally. The company is ISO 9001:2000 certified. The product lines of the company are Beverages, Food, Pharmaceuticals, Tableware and Plastic Shells. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Baluchistan.
The symbol “BGL” is being used by the stock exchanges for the shares of Baluchistan Glass Limited.
