Karachi, Exide Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on November 29, 2017.
The agenda of the meeting was discussion of profit and loss account for Quarter ended September 30, 2017 which portrayed a profit of Rs. 24,416 with earnings per share 3.14 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 November 22, 2017 to November 29, 2017 (both days inclusive).
Exide Pakistan Limited is a limited liability company and is incorporated in Pakistan in 1953. The company is engaged in the manufacturing and sale of batteries, chemicals and acids. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office and manufacturing facility of the company is located in Karachi and Hub Balochistan.
The company serves its outlets in Pakistan through regional offices in Karachi, Sukkhur, Multan, Faisalabad, Lahore, Rawalpindi and Peshawar. These regional offices provide after sales service to all customers and are supported by a vast network of dealerships all over the country. Industrial Batteries for Telecommunication, Railways, WAPDA and other stand-by applications are new and exclusive features of the company. The production capacity of the company is ISO 9002 certificate in accordance with appropriate quality control and management systems being followed by the company.
The symbol “EXIDE” is being used by the stock exchanges for the shares of Exide Pakistan Limited.