Board of directors meeting of Merit Packaging Limited

Karachi, Merit Packaging Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 27, 2023 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended December 31, 2022.

Further, the company has declared the closed period from February 20, 2023 to February 27, 2023.

Merit Packaging Limited was incorporated on January 28, 1980 in Pakistan as a public limited company. The Company is mainly engaged in the manufacture and sale of printing and packaging materials.

Merit Packaging Limited, associated with the Lakson Group of Companies. It operates a single factory in Karachi with an additional facility in Lahore. Its headquarters are located at Lakson Square, Karachi, Pakistan.

The total number of shares are 80,628,398. The Earnings per share is (8.59) in 2020 which was (3.85) in 2019. The Company had a loss of Rs. 692,679,000 in 2020 which was 310,536,000 in 2019.