Karachi: We have to inform you that the Board of Directors of Nishat Power Limited (NPL) in their meeting held on September 05, 2011 (Monday), at 11:00 a.m. at Lahore, recommended the followings:-
(i) Cash Dividend NIL
(ii) Bonus Share NIL
(iii) Right Shares NIL
(iv) Any Other Entitlement / Corporate Action NIL
(v) Any Other Price-Sensitive Information NIL
The Financial Results of the Company are as Under:-
The profit and loss account of the Company for the year ended June 30, 2011 are as follows:
|Cost of sales||(16,110,394,375)||(795,520,877)|
|Other operating expenses||(50,466,814)||(5,451 809)|
|Other operating income||37,590,434||52,052,736|
|Profit from operations||4,807,099,331||252,241,267|
|Profit before taxation||1,892,822,754||72,200,025|
|Profit after taxation||1,879,083,450||47,176,705|
|Earnings per share basic and diluted||5.307||0.135|
Book Closure Notice for Attending the Annual General Meeting:-
The Share Transfer Books of the Company will remain closed for attending the Annual General Meeting from 24-10-2011 to 31-10-2011 (both days inclusive). Physical transfers/CDS transactions / IDs received in order at Share Registrar, Hameed Majeed Associates (Pvt) Ltd, HM House, 7-Bank Square, Lahore upto 1:00 pm. on 22-10-2011 will be considered in time for attending of meeting.
The Annual General Meeting of the Company will be held on. October 31, 2011 (Monday) at 2:30 P.M. at Nishat House, 53-A Lawrence Road, Lahore
The notice of’ Annual General Meeting of the Shareholders is also enclosed for circulation.
Notice of Annual General Meeting
Notice is hereby given that Annual General Meeting of’ the members of Nishat Power Limited (the Company) will he held on October 31, 2011 (Monday) at 2:30 at 53-A Lawrence Road, Lahore to transact the Following business:
1. To confirm minutes of the last Meeting.
2. To receive and adopt the Audited Accounts of the Company for the year ended June 30, 2011 together with Directors’ and Auditors’ reports thereon.
3. To appoint External Auditors of the Company for the year 2011 – 2012 and fix their remuneration.
4. Any other matter with the permission of the chair.
1. The Share Transfer Books of the Company will remain closed from 24-10-2011 to 31-10- 2011 (both days inclusive). Physical transfers/CDS transactions/IDs. received in order at Share Registrar, Hameed Majeed Associates (Pvt) Ltd, HM House, 7- Bank Square, Lahore upto 1:00 p.m. on 22-10-2011 will he considered in time for attending of meeting.
2. A member eligible to attend and vote at this meeting may appoint another member as his/her proxy in attend and vote instead of him/her. Proxies in order to be effective must reach the Company’s Registered Office not later than 48 hours before the time for holding the meeting. Proxies of the Members through CDS shall be accompanied with attested copies of their CNIC. The shareholders through CDC arc requested to bring original CNIC. Account Number and Participant Account Number to produce at the time of attending the meeting.
3. Shareholders are requested to immediately notify the change of address, if any.
For more information, contact:
Nishat Power Limited
1.9. Aziz Avenue, Canal Bank,
Gulberg V, Lahore.