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Outcome of the Board Meeting held on 19th October 2023

The Company has informed BSE and NSE that the Board of Directors, at its meeting held on 19th October 2023, inter alia, approved the following:

I.    Unaudited Financial Results of the Company for the third quarter and nine months ended 30th September 2023 (‘UFRs’). Enclosed are the UFRs along with the Limited Review Report on the said UFRs issued by M/s. S. R. Batliboi & Co. LLP, Chartered Accountants, the Statutory Auditors of the Company and Press Release relating to the UFRs. The same are also being uploaded on the Company’s Website. The UFRs shall be published in newspapers as per the Listing Regulations.

II.    Declaration of Second Interim Dividend of Rs. 140/- (Rupees one hundred forty only) per equity share of Rs. 10/- each for the year 2023 on the entire issued, subscribed and paid-up share capital of the Company of 9,64,15,716 equity shares of the nominal value of Rs. 10/- (Rupees ten only) each. Second Interim Dividend for the year 2023 will be paid on and from 16th November 2023 to those members whose names appear in the Register of Members of the Company and as beneficial owners in the Depositories, as on the Record Date fixed for the purpose i.e., 1st November 2023, as already intimated to the Stock Exchanges vide our letter PKR:SG: 61:23 dated 3rd October 2023.

III.    Sub-division/ split of each equity share of face value of Rs. 10/- (Rupees ten only) each, fully paid-up into
10 (ten) equity shares of face value of Re. 1 /- (Rupee one only) each, fully paid-up by alteration of Capital Clause of the Memorandum of Association of the Company, subject to the approval of the members of the Company to be sought by means of Postal Ballot. The Record Date for sub-division/ split of existing equity shares will be intimated in due course. The detailed disclosure for sub-division/ split of existing equity shares of the Company, in terms of Regulation 30 of Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July 2023, is enclosed as Annexure A.

PDF file of the letter submitted to Stock Exchange