Karachi: Shakarganj Mills Limited informed Karachi Stock Exchange that board of directors has decided to adjourn the meeting to be reconvened on January 08, 2016. The agenda of the meeting is to consider annual audit financial statements of the company for year ended September 30, 2015 and allied matters. Further, the closed period of the company shall be from December 22, 2015 to January 08, 2016. Shakarganj Mills Limited is a company incorporated in Pakistan as a public limited company. The foundations of the company are laid under the postulates of the Companies Ordinance, 1984. It is principally engaged in manufacture, purchase and sale of sugar, bio fuel, building materials, yarn (textile) and engaged in generation and sale of electricity (bio power). The manufacturing facility of the company is located at Jhang and satellite manufacturing facilities at Bhone. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the Company is situated at Lahore. The symbol “SGML” is being used by the stock exchange for the shares of Shakarganj Mills Limited.
Read More »Daily Archives: December 30, 2015
Board meeting of Khairpur Sugar Mills Limited rescheduled to December 31, 2015
Karachi: Khairpur Sugar Mills Limited informed Karachi Stock Exchange that board meeting of the company has been rescheduled and will now be held on December 31, 2015. The agenda of the meeting shall be consideration of annual accounts for year ended S...
Read More »Investment in right shares of Packages Limited
Karachi, Packages Limited informed Karachi Stock Exchange that board of directors meeting of the company held on December 30, 2015 at Lahore approved investment in the right shares offered to packages limited by Tri-pack films Limited, an associated company. The extraordinary general meeting (for the purposes of approval of the investment by shareholders) will be held on January 21, 2016 at Karachi. Further, the closed period of the company shall be from January 14, to January 21, 2016. Packages Limited is a public limited company incorporated in Pakistan. The company is principally engaged in the manufacture and sale of paper, paperboard, packaging materials and tissue products. 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 in Karachi. On September 17, 2012 the company has entered into a 50/50 joint venture with the ‘Stora Enso OYJ Group’ of Finland in its 100% wholly owned subsidiary Bulleh Shah Packaging Private Limited. The Joint Venture will include Paper & Paperboard and Corrugated business operations at Kasur and Karachi and will involve initial equity participation of Stora Enso of 35% by way of subscription of right shares with a commitment to increase the shareholding to 50% at a later stage subject to certain conditions being met. The company also decided to close down its Paper and Paperboard operations in Lahore which has divided the business into continuing and discontinued operations. The symbol “PKGS” is being used by the stock exchanges for the shares of Packages Limited.
Read More »Transaction of shares of Hira textile Mills Limited
Karachi, Hira textile Mills Limited informed Karachi Stock Exchange about transaction of shares of the company. Mr Muhammad Umar Virk purchased 4,000 shares @ Rs. 8.46 per share in his CDC account on December 23, 2015, 7,000 shares @ Rs. 8.39 per share were purchased in his CDC account on December 28, 2015, and 12, 500 shares @ Rs. 8.21 per share were purchased in his CDC account on December 29, 2015. Hira Textile Mills Limited was incorporated in Pakistan on January 31, 1991. The foundations of the company are laid under the Companies Ordinance, 1984. The company produces cotton yarn with the facility of an in house dying unit and Hira Terry manufactures towels. The stocks of the company are listed on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Lahore. The mill is located in Raiwind, District Kasur. The company has spinning, doubling and yarn dyeing machinery. The spinning units comprises of 40,000 spindles. The product range of the company varies from coarse counts to fine counts ranging from 4/1cd to 80/1cm, producing ring spun as well as compact spun yarns, slub and Lycra yarns. Hira Terry Mills limited is a jointly controlled association company located adjacent to the registered office at Lahore. The symbol “HIRAT” is being used by the stock exchanges for the shares of Hira Textile Mills Limited.
Read More »Subscription of rights certificates of Allied Rental Modaraba
Karachi, Allied Rental Modaraba informed Karachi Stock Exchange that company’s Directors and sponsors have subscribed their portion of right certificates 15 days prior to the last date of payment. Allied Rental Modaraba was formed under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and the Rules framed there under and is managed by the Allied Engineering Management Company Private Limited (the ‘Modaraba Management Company’). It is a wholly owned subsidiary of Allied Engineering and Services Private Limited. The company is incorporated in Pakistan and the foundations of the company are laid under the Companies Ordinance, 1984. The Modaraba commenced its operations on January 10, 2007. The primary business of Allied Rental Modaraba is to engage in the Rental business by managing the rental fleet of equipments comprising Power Generation Equipment, Material Handling Equipment and Construction related machinery. Modaraba provides rental services across Pakistan through the facilities of its sponsors located in Karachi , Lahore , Islamabad , Multan , Faisalabad , Peshawar and Quetta .It is registered with the Registrar of Modaraba Companies and Modarabas under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980. The Securities and Exchange Commission of Pakistan on May 10, 2006, authorized Allied Engineering Management Company Private Limited to float Allied Rental Modaraba. It is a perpetual modaraba and is engaged in rental, Ijarah (leasing under operating and finance lease arrangements) and operation and maintenance of Caterpillar and other equipment i.e. generators, forklifts, compactors etc. The registered office of the modaraba is located at Karachi. The stocks of the modaraba are quoted on the Karachi Stock Exchange. Another ancillary business line of the Modaraba is to provide outsourcing solution to the customers for operating and maintaining their Power plants by providing the required skilled manpower for 24/7 operation with professionalism. The symbol “ARM” is being used by the stock exchanges for the shares of Allied Rental Modaraba.
Read More »Dispatch of Final dividend warrants of Nishat Mills Limited
Karachi, Nishat Mills Limited informed Karachi Stock Exchange that final dividend warrants @Rs. 4.50 per share i.e. 45% for year ended June 30, 2015 have been dispatched to entitled shareholders by registered post or through courier service on December 29, 2015. Further, the company has retained dividend warrants of those shareholders who have not so far provided their computerized national identity cards. Nishat Mills Limited is the flagship company of Nishat Group. It is a public limited company incorporated in Pakistan in 1951 under the Companies Ordinance, 1984. The production facilities of the company comprises of spinning, weaving, processing, stitching and power generation. The shares 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 company is engaged in the business of textile manufacturing and of spinning, combing, weaving, bleaching, dyeing, printing, stitching, apparel, buying, selling and otherwise dealing in yarn, linen, cloth and other goods and fabrics made from raw cotton, synthetic fibre and cloth and to generate, accumulate, distribute, supply and sell electricity. It has 198,120 spindles, 655 Toyota air jet looms, textile dyeing and processing units, 2 stitching units for home textile, one stitching unit for garments and Power Generation facilities with a capacity of 89 MW. The subsidiary companies of Nishat Mills Limited include Nishat Power Limited, Nishat Linen Private Limited, Nishat Hospitality Private Limited, Nishat USA, Inc. and Nishat Linen Trading L.L.C. The symbol “NML” is being used by the stock exchanges for the shares of Nishat Mills Limited.
Read More »Material information of K-electric Limited
Karachi, K-Electric Limited informed Karachi Stock Exchange about pursuance of its strategic objective and in line with its rebranding strategy to expand beyond Karachi, has submitted expression of interest (EQI) to participate in the privatization bidding process of FESCO in accordance with the requirements of the privatization commission (PC). K-Electric Limited formerly Karachi Electric Supply Company Limited was incorporated as a limited liability company on September 13, 1913. The foundations of the business were laid using the repealed Indian Companies Act, 1882 which is now referred to as the Companies Ordinance, 1984. The company is engaged in the business of generation, transmission and distribution of electric energy to industrial and other consumers under the Electricity Act, 1910 and Nepra Act, 1997. 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 of Pakistan. The company is at present a vertically-integrated power utility in Pakistan that manages the generation, transmission and distribution of electricity to the city. The Company covers an area of over 6,500 square kilometers and supplies electricity to all the industrial, commercial, agricultural and residential areas that come under its network, comprising over 2.2 million customers in Karachi and in the nearby towns of Dhabeji and Gharo in Sindh and Hub, Uthal, Vindar and Bela in Balochistan. The workforce employed by the company is more than 11,000 people. The entity was nationalized in 1952 but re-privatized on November 29, 2005. KESC came under new management in September, 2008 and was renamed as the Karachi Electric Supply Company which has now been rebranded as K-Electric. The symbol “KEL” is being used by the stock exchanges for the shares of K-Electric Limited.
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