Karachi, Trust Modaraba informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 23, 2020.
The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2020 which portrayed a loss of Rs. 428,391 with loss per share 0.01 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Trust Modaraba was formed under the Modaraba Companies and Modarabas (Floatation and Control) Ordinance, 1980 and the rules framed there under and had being managed by Al-Zamin Modaraba Management Private Limited. The Modaraba commenced its business operations from November 12, 1991. The Modaraba is perpetual, multi-purpose and multi-dimensional, engaged in the business of Murabahas, Musharakahs, Leasing (Ijarah), investment in marketable securities, tradings and other permissible businesses. The Modaraba is listed on Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. The registered office is situated at Karachi.
The symbol “TRSM” is being used by the stock exchange for the shares of Trust Modaraba.