Aisha Steel Mills Limited Announces Dividends, Board Composition, and AGM Date; Shares Transfer Books to Close.

Karachi -- Aisha Steel Mills Limited (ASML), a prominent player in the steel industry, held its Board of Directors meeting on September 25, 2023, in Karachi. During the meeting, the board recommended several significant actions and decisions for the company's shareholders.The key recommendations include:1. Dividends:Cash Dividend on Ordinary Shares (ASL): No dividend recommended.Bonus Shares: No bonus shares recommended.Right Shares: No right shares recommended.Any Other Entitlement/Corporate Action: None proposed.These recommendations will be presented for approval at the upcoming Annual General Meeting (AGM) of the company.2. Fixation of Number of Directors:In compliance with Section 159(1) of the Companies Act, 2017, the Board of Directors has decided to fix the number of directors at eight (8) to be elected in the forthcoming General Meeting for a term of three years. The post-election Board of Directors will consist of eight elected directors and the CEO, who will be deemed a Director under section 188(3) of the Act.3. Annual General Meeting:The Annual General Meeting of Aisha Steel Mills Limited is scheduled to be held on October 28, 2023, in Karachi. Shareholders are encouraged to attend this significant event.4. Share Transfer Books Closure:The share transfer books for Aisha Steel Mills Limited will be closed from October 22, 2023, to October 28, 2023 (both days inclusive). During this period, no transfers related to the following securities will be processed:Aisha Steel Mills Limited (Ordinary) - ASLAisha Steel Mills Limited (Preference Shares) - ASLPSAisha Steel Mills Limited (Cumulative Preference Shares) - ASLCPSTransfers received at the office of the Share Registrar, M/s...

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