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Karachi, Sardar Chemical Industries Limited held a Board of Directors meeting on September 19, 2023, in Gadoon Amazai, KPK, where several key recommendations were made for shareholders.
Gadoon Amazai, KPK – In a recent meeting of the Board of Directors of Sardar Chemical Industries Limited, held on September 19, 2023, several important recommendations were made regarding dividends, bonus shares, and right shares for the benefit of the company’s shareholders.
Cash Dividend: The board recommended a final cash dividend for the year ending NIA (Not Indicated) at Rs. NIL per share, amounting to NIL%. This is in addition to any interim dividends previously paid, which were also at Rs. NIL per share, NIL%.
Bonus Shares: The board recommended the issuance of bonus shares in the proportion of NIL share(s) for every NIL share(s) held, equivalent to NIL%. This is in addition to any interim bonus shares previously issued at NIL%.
Right Shares: The board proposed the issuance of NIL% right shares at par, at a discount, or at a premium of Rs. NIL per share. This issuance will be in proportion to NIL share(s) for every NIL share(s) held. It was not indicated whether the entitlement of right shares would be applicable to the previously declared bonus shares.
Regarding any other entitlement or corporate action, as well as any other price-sensitive information, no specific details were provided in the announcement.
The Annual General Meeting of Sardar Chemical Industries Limited is scheduled to be held on October 27, 2023, in Gadoon Amazai, KPK. Shareholders eligible for the above entitlement must have their names listed in the Register of Members by October 27, 2023.
Furthermore, the Share Transfer Books of the company will remain closed from October 21, 2023, to October 27, 2023 (inclusive). Transfers received at CORPLINK (PRIVATE) LIMITED, LAHORE, by the close of business on October 27, 2023, will be considered for the purpose of the entitlement to the transferees.
The company also announced that the Annual Report will be transmitted through PUCARS at least 21 days before the Annual General Meeting.
In financial news, Sardar Chemical Industries Limited reported its Statement of Profit or Loss for the year ending June 30, 2023, with notable figures, including a gross profit of Rs. 108,019,631. The company also reported a profit after taxation of Rs. 24,328,852, resulting in earnings per share of Rs. 4.05, basic and diluted. These financial results reflect a year of operations for the company, demonstrating its financial
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