Material Information of Agritech Limited

Karachi, Agritech Limited informed Pakistan Stock Exchange that a certified copy of the Judgment of the Honorable High Court of Lahore along with sanctioned ‘Scheme of Arrangement’ (“Scheme) has been submitted before the Company Registration Office of the SECP, Lahore for the purpose of Completion Date’ in line with requirements of section 284 (3) of the Companies Ordinance, 1984 and the sanctioned Scheme.

Agritech Limited was incorporated in 1959. The principal business of the Company is production and sale of Urea and Granulated Single Super Phosphate fertilizer. The shares of Agritech Limited Pakistan are quoted in Pakistan Stock Exchange, and used the symbol “AGL” for the shares of the Company.

The total number of shares the company has issued so far are 392,430,000 where the Earnings Per Share in 2020 is (10.95) which was (1.66) in 2019. The Company had a loss of Rs. 4,296,900,000 in 2020 compared to a loss of Rs. 652,777,000 in 2019.