Karachi, Zeal Pak Cement Factory Limited informed Pakistan Stock Exchange about the recommendations made by the Board of Directors in the meeting held at Karachi on April 08, 2019.
The agenda of the meeting was discussion of profit and loss account for year ended June 30, 2016 which portrayed a loss of Rs. 281,262 with loss per share 0.66 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
“Zeal Pak Cement Factory Limited is a company incorporated in Pakistan as a public limited company on May 9, 1957. The foundations of the company are laid under the Companies Ordinance, 1984. The company is principally engaged in the manufacturing and sale of cement, clinker, paper bags and slag cement. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located at Karachi.
Zeal Pak was established in 1956 with the collaboration and financial assistance of the said two countries in materializing the project the same was named as Zeal Pak Cement Factory Ltd. i.e. “Zeal” for New Zealand and “Pak” for Pakistan. In October 1992, in pursuance of national policy of privatization of public sector industries, Zeal Pak’s management was handed over to M/s. Sardar Mohammad Ashraf D. Baluch Private Limited.
The symbol “ZELP” is being used by the stock exchanges for the shares of Zeal Pak Cement Factory Limited.”
