Karachi, Nimir Industrial Chemicals Limited informed Pakistan Stock Exchange that the resolution passed in annual general meeting of the company held on October 28, 2022 at Lahore.
Resolved that, the Annual Audited Financial Statements (Separate & Consolidated) of the Company for the year ended June 30, 2022 together with Statement of Compliance of CCG, Directors’ and Auditors’ Report thereon, be and are hereby approved.”
Further Resolved that, lithe full and final cash dividend to final cash dividend of Rs. 1.5 per share (i.e. 15%) in addition to the interim dividend of Rs.1.0 per share, in total Rs.2.50 per share (i.e. 25%) cash dividend for the year ended June 30, 2022, be and are hereby approved.”
Nimir Industrial Chemicals Limited, previously known as Ravi Alkalis Limited and owned by a local business family was incorporated in Pakistan on February 6, 1994. The foundations of the company are laid under the Companies Ordinance, 1984. Nimir Chemicals Company Limited, a Bermuda registered company, took over the management of the company in 1997 and consequently the name of the company was changed to Nimir Industrial Chemicals Limited in March 1998. The commercial operations of the company started from January 1, 2000. The principal activity of the company is manufacturing and sale of industrial chemical products. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges. The registered office of the company is located in Faisalabad.
The symbol “NICL” is being used by the stock exchanges for the shares of Nimir Industrial Chemicals Limited.