Karachi, Pakistan Hotels Developers Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 27, 2019.
The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2019 which portrayed a profit of Rs. 15,489 with earnings per share 0.86 basic and diluted respectively.
Further, 10% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from May 14, 2019 to May 21, 2019 (both days inclusive).
Pakistan Hotels Developers Limited (Formerly Taj Mahal Hotels Limited) (Company) was incorporated in 1979 at Karachi, Pakistan under the Companies Act, 1913 (now Companies Ordinance, 1984) as a private limited company and converted into public limited company in 1981. The company is listed with Pakistan Stock Exchange. The registered office of the company is situated at 195/2, Shahrah-e-Faisal, Karachi. The company is principally engaged in hotel business and owns and operates a Five Star Hotel known as Regent Plaza Hotel and Convention Centre, Karachi.
Regent Plaza Hotel & Convention Centre, Karachi features 413 rooms and extensive conferencing facilities. The Hotel also boasts two tempting restaurants; a Coffee shop serves round the clock, a well equipped fitness center, tennis courts, spa, secretarially maintained business center and sun-drenched outdoor swimming pool.
The symbol “PHDL” is being used by the stock exchanges for the shares Pakistan Hotels Developers Limited.