Agha Steel Industries Announces Zero Dividend, Bonus, and Right Shares; AGM Scheduled for October 16, 2023.

Karachi -- Agha Steel Industries Limited, a prominent player in the steel manufacturing industry, convened its Board of Directors meeting on September 25, 2023, in Karachi. During this meeting, the board recommended several significant decisions that will impact the company's shareholders and stakeholders.

  1. Dividends and Shares:

    The Board of Directors has recommended the following:

    Cash Dividend: Nil

    Bonus Shares: Nil

    Right Shares: Nil

    Any Other Entitlement/Corporate Action: Nil

    Any Other Price-Sensitive Information: Nil

    These recommendations indicate that the company will not be distributing cash dividends, issuing bonus shares, or offering right shares for the year under consideration. Additionally, there are no other entitlements or corporate actions planned.

  2. Annual General Meeting (AGM):

    The company has scheduled its Annual General Meeting (AGM) for October 16, 2023, in Karachi. In light of current circumstances and to facilitate broader participation, the AGM will also be conducted through a video conference facility.

  3. Share Transfer Books Closure:

    Shareholders are advised that the share transfer books of Agha Steel Industries Limited will remain closed from October 09, 2023, to October 16, 2023, both days inclusive. During this period, no transfers of shares will be processed.

    Financial Results:

    The company also released its Statement of Profit or Loss and Other Comprehensive Income...

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