Pakistan Company News – Material Information of Agritech Limited

Material Information of Agritech Limited

Karachi, Agritech Limitedinformed Pakistan Stock Exchange that Board of Directors of the Company have fixed the number of Directors to be elected for the next term of three years commencing from July 16, 2018 in upcoming election of directors at seven in accordance with section 159(1) of the Companies Act, 2017. Date of holding of Extraordinary General Meeting and Book Closure dates shall be announced in due course of time.

Agritech Limited Pakistan was incorporated in Pakistan on December 15, 1959 as an unlisted Public Limited Company under the Companies Ordinance 1984. It is a wholly owned subsidiary of National Fertilizer Corporation of Pakistan Private Limited, a Government owned Corporation, until July 15, 2006. Later amalgamation of Hazara Phosphate Fertilizers Private Limited, a wholly owned subsidiary of the Company took place dated May 23, 2012. The company stocks are quoted on the Karachi Stock Exchange. The registered head office of the company is located in Lahore.

The principal business of the company is the production of Urea and Granulated Single Super Phosphate fertilizer. The products of the company include Tara urea, Tara SSP and DAP.

The symbol “AGL” is being used by the stock exchange for the shares of Agritech Limited.