FINANCIAL RESULTS FOR THE NINE MONTHS PERIOD ENDED ON JUNE 30, 2022

 FINANCIAL RESULTS FOR THE NINE MONTHS PERIOD ENDED ON JUNE 30, 2022

We have to inform you that Board of Directors of our Company in their meeting held on Monday, July 25, 2022 at 11:00 a.m. at 17-Abid Majeed Road, Lahore Cantt., Lahore, has recommended the following :

Cash Dividend:

Second interim cash dividend for the financial year ending on September 30, 2022 @ Rs. 7.50/- per share i.e. 75% as follows (this is in addition to first interim cash dividend already paid@ Rs.7.50/- per share i.e. 75%):

i.  Rs.  5.00/- (50%) per share from  Sugar Division  profits of the Company subject to applicable tax under normal regime i.e.@ 15% for filers and 30% for non-filers as prescribed in the Income Tax Ordinance, 2001; and

11.   Rs. 2.50/- (25%) per share from  Power Division  profits of the Company subject to applicable tax under special regime i.e. @ 7.5% for filers and 15% for non-filers as prescribed in Clause 18-C of Part-II of Second Schedule of the Income Tax Ordinance, 2001.

Un-Consolidated and Consolidated financial results of the Company for the Nine Months Period ended on June 30, 2022 are attached as Annexure-A and Annexure-B respectively .

The share transfer books of the Company will remain closed from August 02, 2022 to August 04, 2022 (both days inclusive). Transfer received at Company's Registered Office or Shares Registrar's office at Corplink (Pvt.) Limited, Wings Arcade, 1-K, Commercial, Model Town, Lahore at the close of business on August O1, 2022 will be treated in time for the purpose of above Second Interim Cash Dividend entitlement to the transferees.

The Interim Report of the Company for the Nine Months Period ended on June 30, 2022 will be transmitted through PUCARS separately, within the specified time.