Lahore, In a recent announcement, Shaffi Chemical Industries Limited has disclosed its financial results for the year ended June 30, 2023. The company's Board of Directors convened in a meeting on October 3, 2023, in Lahore, where they recommended several key financial actions for shareholders.
CASH DIVIDEND: The company announced a cash dividend for its shareholders, although the specific dividend amount was not disclosed in the initial statement.
BONUS SHARES: Shaffi Chemical Industries Limited also revealed plans to issue bonus shares to eligible shareholders, increasing their ownership in the company.
RIGHT SHARES: The board's recommendations included the issuance of right shares, although no further details were provided at this time.
The company did not announce any other entitlement or corporate actions in their statement, nor did they disclose any additional price-sensitive information.
Shaffi Chemical Industries Limited has attached the detailed financial results to their statement for shareholders' reference.
The annual general meeting of the company is scheduled to take place on October 27, 2023, in Khyber Pakhtoon Khwa. Shareholders are encouraged to participate in the meeting to stay informed about the company's performance and strategic plans.
In preparation for the upcoming meeting, the share transfer books of the company will be closed from October 20, 2023, to October 27, 2023, inclusive. Any share transfers received at Corplink (Pvt) Ltd., Wings Arcade, I -K, Commercial, Model Town, Lahore, by the close of business on October 19, 2023, will be considered timely for the purpose of the above entitlements to the transferees.
Shaffi Chemical Industries Limited remains committed to transparency and open communication with its shareholders, and this announcement signifies another step in ensuring their stakeholders are informed about the company's financial performance and future plans. Shareholders and investors are advised to review the detailed financial results and prepare for the upcoming annual general meeting.