Tag Archives: Chenab Limited

Chenab Limited’s board meeting

Karachi, October 22, 2012 (PPI-OT): This is to inform you that a meeting of the Board of Directors of the Company will be held at 02.00 P. M. on Wednesday, the October 31, 2012 at the Registered office of the Company, Nishatabad, Faisalabad to consider the following:-

1. To confirm the minutes of the last meeting.

2. To consider/adopt the First Quarterly (Un-audited) Financial Statements of the company for the period from July 01, 2012 to September 30, 2012.

3. To ratify the Resolution (s) passed since holding of the last meeting.

4. To transact any other business with the permission of the Chair.

The Company has declared the “Closed Period” from 22-10-2012 to 31-10-2012 (both days inclusive) as required under Clause (xxvi) of the Code of Corporate Governance contained in the Listing Regulation No. 37 of the Exchange. Accordingly, no Director, CEO or Executive shall, directly/indirectly, deal in the shares of the Company in any manner during the Closed Period.

For more information, contact:
Muhammad Arshad
Company Secretary
Chenab Limited
Nishatabad, Faisalabad, Pakistan,
Tel: 041-8754472-8,
Fax: 8752400,
E-mail: chenab@chenabgroup.com

Chenab Limited’s financial results for the year ended June 30, 2012

Karachi, October 10, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held at 10.00 A.M. on Wednesday the 10th October, 2012 at the registered office of the company, Nishatabad, Faisalabad have recommended the following:

Cash Dividend

Ordinary Shares         NIL

Preference Shares       NIL

Bonus Shares            NIL

Right Shares            NIL

Any other Entitlement   NIL

The financial results of the Company are as follows:

2012

2011

Rupees

Rupees

Sales

2,606,632,152

4,374,335,091

Cost of sales

3,943,889,711

5,541, 364,694

————-

————–

Gross (loss)

(1,337,257,559)

(1,167,029,603)

Other operating income

20,470159

5,863,716

————-

————–

(1,316,787,400)

(1,161,165,887)

Selling and distribution expenses

29,857,840

164,017,494

Administrative expenses

149,021,467

190,203,074

Other operating expenses

373,124

Finance cost

177,280,478

1,342163,362

————-

————–

356,159,785

1,696,757,054

————-

————–

Loss before taxation

(1,672,947,185)

(2,857,922,941)

Provision for taxation

17,520,405

29,828,216

————-

————–

Loss for the year

(1,690,467,590)

(2,887,751,157)

————-

————–

Earnings per share – Basic and Diluted

(14.70)

(25.11)

The Annual General Meeting of the company will be held on Wednesday, the 3st October, 2012 at 11.00 A.M. at the registered office of the company at Nishatabad, Faisalabad.

Share Transfer Books of Ordinary/Preference Shares of the Company will remain closed from October 24, 2012 to October 31, 2012 (both days inclusive). Transfers received in order by Company’s Registrar, M/s. Consulting One (Pvt.) Ltd, 478-D, Peoples Colony, Faisalabad up to close of business hours on October 23, 2012 will be considered in time.

We also inform you that Notice for holding the Annual General Meeting of the Shareholders of the Company is appearing on October 11, 2012 in “Daily Business Recorder” and “Daily Pakistan” Copies of cuttings of Newspapers shall be sent to you in due course.

NOTE:

Announcement has been made to the extent of relevant matters only by remaining within the limits of Form-3 of the Correspondence Manual.

For more information, contact:
Muhammad Ashraf
Company Secretary
Chenab Limited
Nishatabad, Faisalabad, Pakistan,
Tel: 041-8754472-8,
Fax: 8752400,
E-mail: chenab@chenabgroup.com