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Daily Archives: January 1, 2016

Unclaimed / undelivered shares of Allawasaya Textile and Finishing Mills Limited

Karachi: Allawasaya Textile and Finishing Mills Limited informed Karachi Stock Exchange about unclaimed / undelivered shares of the company on December 31, 2015. Allawasaya Textile and Finishing Mills Limited is a company incorporated in Pakistan on March 31, 1958 as a Public Limited Company. The foundations of the company are laid under the Companies Ordinance, 1984. The company is a producer of cotton yarn. The company is ISO 9001:2008 and ISO 14001:2004 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 Multan. The symbol “AWTX” is being used by the stock exchanges for the shares of Allawasaya Textile and Finishing Mills Limited.

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Credit rating of First Paramount Modaraba

Karachi: First Paramount Modaraba informed Karachi Stock Exchange JCR-VIS Credit Rating Company Limited has reaffirmed rating of the company at “BBB/A-3’ (triple B/A-three). The previous rating action was announced on December 26, 2014. First Paramount Modaraba is a multi-purpose, perpetual and multi-dimensional Modaraba floated under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and the rules framed there under. It is managed by Paramount Investments Limited, a company incorporated in Pakistan. Modaraba’s principal activities includes deployment of funds on murabaha and musharika arrangements and its In-house ventures are Generator rental and sale project under the name “Advance Trading Corporation”, Weaving business under the name of “FPM Weaving” and Electrical maintenance and troubleshooting services’ business under the name of “FPM Solutions”. The stocks of the company are quoted on the Karachi and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi. The symbol “FPRM” is being used by the stock exchange for the shares of First Paramount Modaraba.

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Dispatch of interim dividend warrants of Wah Nobel Chemicals Limited

Karachi: Wah Nobel Chemicals Limited informed Karachi Stock Exchange that the cash dividend warrants @ Rs. 1.00 per share (i.e. 10%) for the year ended June 30, 2015 have been dispatched to those shareholders who have submitted their CNIC copy as per SECP notification by registered post on December 30, 2015. Wah Nobel is a company founded in 1962 in Pakistan. It is a joint venture between Saab Sweden, Almisehal Saudi Arabia and the Pakistan Ordnance Factories. The foundations of the company are laid on the principals of Companies Ordinance, 1984. Wah Nobel shows safety, reliability, service and commitment in its products. The products of the company are used both locally and internationally. The main product of the company is explosives. It also provides training facilities for its customers. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Wah Cantt. The symbol “WAHN” is being used by the stock exchanges for the shares of Wah Nobel.

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Annual general meeting of Al-abbas Sugar Mills Limited

Karachi: Al-Abbas Sugar Mills Limited informed Karachi Stock Exchange about the annual general meeting of the company will be held on January 28, 2016 at Karachi. The agenda of the meeting will be confirming the minutes of 24th annual general meeting held on January 30, 2015,consideration of the audited financial statement of the company for the year ended September 30, 2015, considering the payment of cash dividend of 35%, appointing and fixing the remuneration of the auditors. The election of the directors as fixed for a three year period from January 29, 2016. Further, the closed period of the company is from January 22 to January 28, 2016. Al-Abbas Sugar Mills Limited is a company incorporated in Pakistan on May 2, 1991 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activities of the company is manufacturing and sale of sugar, processing and sale of industrial ethanol, manufacturing and sale of Calcium Carbide and Ferro alloys, generation and sales of electricity and providing bulk storage facility. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi. The manufacturing facilities of the company are located at Mirpurkhas, Thatta and Karachi. The company has also entered into agreement of supply of Carbon Dioxide gas at its Ethanol division. The symbol “AABS” is being used by the stock exchanges for the shares of Al-Abbas Sugar Mills Limited.

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