Karachi, December 05, 2012 (PPI-OT): In pursuance of the issue of Dividend in the form of Bonus Shares announced by the Board of Directors of the Company, we are submitting herewith the Auditors’ Certificate in compliance of Rule 6 (iii) of the Companies (Issue of Capital) Rules 1996.
Following is the working of free reserves, you are requested to issue Certificate of Free Reserve accordingly to issue Bonus Shares as required under Rule 6 (iii) of Companies (Issue of Capital) Rules 1996.
Share Capital | A |
209,265,650 |
Proposed Bonus Share issued @ 10% | B |
20,926,565 |
———– |
||
Enhanced Capital | C=A+B |
230,192,215 |
———– |
||
25% of Enhanced Capital | D=C*25% |
57,548,054 |
———– |
||
Capital Reserve |
63,281,250 |
|
Revenue Reserve |
85,000,000 |
|
Accumulated Profit |
662,013,064 |
|
———– |
||
E |
810,294,314 |
|
Less: Proposed Bonus Issue | F |
20,926,565 |
Less: Contingencies | G |
65,893,675 |
———– |
||
Free Reserve | H=E-F-G |
723,474,074 |
For more information, contact:
Muhammad Hanif Aziz
Chief Financial Officer
Mehran Sugar Mills Limited
Adamjee House, 8th Floor
I. I. Chundrigar Road,
Karachi-74000, Pakistan.
Tel: 92-(21) 3241-7131, 92-(21) 3242-3881
Fax: 92-(21) 3241-6477
E-mail: msm@mehransugar.com
URL: www.mehransugar.com