Karachi, Dadex Eternit Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 29, 2019.
The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2019 which portrayed a loss of Rs. 68,561 with loss per share 6.37 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Dadex Eternit Limited is a limited liability company incorporated in Pakistan on April 13, 1959 as a public limited company under the Companies Ordinance, 1984. Sikander Private Limited is the holding company which represents 63.18% shares of the company. The principal business activities of the company include manufacturing and sale of construction material which includes piping systems and other allied products manufactured from chrysotile cement, rubber and plastics, merchandising of imported pipe fittings, accessories and other building products. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi. The company operates with three factories located Karachi, Hyderabad and Lahore.
The company has a rubber plant located within Karachi which produces rubber rings to meet the international standards. Besides this the company is also associated with providing irrigation solutions for agriculture and landscaping.
The symbol “DADX” is being used by the stock exchanges for the shares of Dadex Eternit Limited.