Karachi, Hascol Petroleum Limited informed Pakistan Stock Exchange that the Securities and Exchange Commission of Pakistan due to the unavoidable and uncontrollable circumstance, the company will not be able to hold its Annual General Meeting by May 30, 2022 as required under the extension granted by the Commission.
Hascol Petroleum Limited was incorporated in Pakistan as a private limited company on March 28, 2001. On September 12, 2007 the Company was converted into a public unlisted company. The Company is engaged in the business of procurement, storage and marketing of petroleum, chemicals, LPG and related products.
The Company obtained oil marketing license from Ministry of Petroleum and Natural Resources in the year 2005 and acquired assets of LPG licensed company in the year 2018.
The total numbers of shares are 999,120,680. The Earnings per share is (129.94) in 2019 which was (1.08) in 2018. The Company had a loss of Rs. 25,873,829,000 which was 214,978,000.