Karachi, Mandviwalla Mauser Plastic Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on November 15, 2019.
The agenda of the meeting was discussion of profit and loss account for year ended June 30, 2019 which portrayed a loss of Rs. 19,217,655 with loss per share 2.61 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Mandviwalla Mauser Plastic Industries Limited was incorporated as Public Limited Company on June 13, 1988 and obtained certificate for commencement of business on February 13, 1989. The product range of the company includes plastic chairs, poultry equipment, general household products, components of domestic appliances, automotive battery containers, textile bobbins, textile crates, TV cabinets, rubber made products and automobile products. The company is also engaged in the manufacture of plastic components as vendors to automotive and domestic appliances industries. The company is listed on the Karachi and Lahore Stock Exchanges. The registered office of the company is located in Karachi.
The symbol “MWMP” is being used by the stock exchange for the shares of Mandviwalla Mauser Plastic Industries Limited.