Karachi, Gammon Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on June 26, 2020.
The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2019which portrayed a loss of Rs. 308,851 with loss per share 0.01 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from June 18, 2020 to June 26, 2020 (both days inclusive).
Gammon Pakistan Limited is a company incorporated in Pakistan on August 12, 1947 as a private limited company. It was converted to a public limited company in the year 1956. It is a subsidiary of the Bibojee Services Limited. The foundations of the company are laid under the Companies Ordinance, 1984. The company is principally engaged in execution of civil construction works. The shares of the company are quoted on Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is situated at Rawalpindi.
The symbol “GAMON” is being used by the stock exchange for the shares of Gammon Pakistan Limited.