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This category covers all Miscellaneous news from Asianet Pakistan

Board of directors meeting of Pak Elektron Llmited

Karachi: Pak Elektron LImited informed Karachi Stock Exchange about the board of directors meeting of the company will be held on June 26, 2015 at Lahore. The agenda of the meeting to consider the N/A Accounts for the period ended N/A for the declaration of any entitlement. Further, the company has declared the Close Period from June 19, 2015 to June 26, 2015. “Pak Elektron Limited was incorporated in Pakistan on March 03, 1956 as a public limited company. The foundations of the company are developed under the Companies Ordinance, 1984. The principal activity of the company is manufacturing and sale of electrical capital goods and domestic appliances. It is currently organized into two main operating divisions the power division and appliances division. The stocks of the company are quoted on the Karachi Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located at Lahore. The activities of the company in the power division include manufacturing and distribution of transformers, switchgears, energy meters, power transformers, construction of grid stations and electrification works. The appliance division is associated with manufacturing, assembling and distribution of refrigerators, air conditioners, microwave ovens, televisions, generators and washing machines. The symbol “PAEL” is being used by the stock exchanges for the shares of Pak Elektron Limited.”

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Dispatch of interim dividend warrants of Thal Limited

Karachi, Thal Limited informed Karachi Stock Exchange that the second interim dividend warrants at 75% to all shareholders and associates have been dispatched by registered post on June 16, 2015. Thal Limited incorporated in Pakistan on January 31, 1966 as a public company limited under the Companies Ordinance, 1984. It operates under the umbrella of House of Habib Group. The company is engaged in the manufacturing of jute goods, engineering goods, paper sack and laminate sheets. The jute operations of the company are located at Muzaffargarh, engineering operations at Karachi, paper sack operations at Hub and Gadoon and laminate operations are located at Hub. The registered office of the company is located in Karachi. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges. The subsidiary companies of Thal Limited include Makro-Habib Pakistan Limited, Pakistan industrial aids private limited and Nobel computer services private limited. The symbol “THALL” is being used by the stock exchange for the shares of Thal Limited.

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Dispatch of interim dividend warrants of Atlas Honda Limited

Karachi: Atlas Honda Limited informed Karachi Stock Exchange that the dividend warrants in respect of final dividend at Rs. 12 per share, i.e. 120% for the year ended March, 2015 have been dispatched to the shareholders by registered post or through courier service on June 16, 2015. “Atlas Honda Limited was incorporated as a public limited company on October 16, 1962 under the Companies Ordinance, 1984. The company is principally engaged in the manufacturing and marketing of motorcycles and spare parts. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Lahore. The manufacturing and assembling facilities of the company are located at Karachi and Sheikhupura, with branches, warranty and training centres and other offices are located at Karachi, Hyderabad, Multan, Lahore, Rahim Yar Khan and Rawalpindi. The company is a joint venture between the Atlas Group and Honda Motor Co. Ltd., Japan. The company was created by the merger of Panjdarya Limited and Atlas Autos Ltd. in 1988. Both these motorcycle manufacturing concerns were established by the Atlas Group. In addition, a third concern, Atlas Epak Ltd. was taken over by the Government of Bangladesh in 1971 after the fall of Dhaka. The company has a network of over 1600 sales service and spare parts dealers established within the country. Atlas has Warranty and Training Centers in Karachi and Lahore which provide several courses of varying duration and complexity for motorcycle mechanics and users each year. The membership of industry and associations are with the Pakistan Automotive Manufacturers Association, Marketing Association of Pakistan, Management Association of Pakistan, Lahore Chamber of Commerce & Industry, Sheikhupura Chamber of Commerce & Industry, Overseas Chamber of Commerce & Industry and Karachi Chamber of Commerce & Industry. The symbol “ATLH” is being used by the stock exchanges for the shares of Atlas Honda Limited.

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Mr. Sarfaraz Rehman decides to step down his role as CEO of Engro Foods Limited

Karachi: Engro Foods Limited informed Karachi Stock Exchange about that Mr. Sarfaraz Rehman has decided to step down from his role as CEO of Engro Foods. His successor shall be appointed shortly and until such time Mr. Sarfaraz Rehman will continue in his capacity as the CEO of the company. Engro Foods Limited is a public limited company incorporated in Pakistan. The foundations of the company are formed under the Companies Ordinance, 1984. The business of the company is associated with manufacturing, processing and selling dairy products, juices, ice cream and frozen desserts. Besides this the company also owns and operates a dairy farm. The company operates internationally and is tagged as a halal food producer. The shares of the company are quoted on the Karachi and Lahore stock exchanges of Pakistan. The registered office of the company is located in Karachi. The company is a subsidiary of Engro Corporation Limited. The company owns processing units located in Sukkur and Sahiwal. Most renowned brands to name a few of the company are Olper’s, Olwell, Tarang, Omore and Owsum. The symbol “EFOOD” is being used by the stock exchange for the shares of Engro Food Limited.

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