Resolution adopted at the extraordinary general meeting of Dawood Lawrencepur Limited
Karachi, Dawood Lawrencepur Limited informed Pakistan Stock Exchange that the resolution adopted by the shareholders of the Company at the extraordinary general meeting of the company held on December 06, 2016 at Karachi. The agenda of the meeting is to approve the transfer of 77,931,896 shares of the Dawood Hercules Private Limited by the Company to Mozart Private Limited a wholly owned subsidiary of the Company in consideration of the internal restructuring. Dawood Lawrencepur Limited was incorporated in Pakistan in 2004 as a public listed company formed as a result of a Scheme of Arrangement for Amalgamation in terms of the provisions of the Companies Ordinance, 1984 between Dawood Cotton Mills Limited, Dilon Limited, Burewala Textile Mills Limited and Lawrencepur Woolen and Textile Mills Limited. In the year 2008 the company suspended its manufacturing operations located at Burewala, District Vehari and closed down the mill in 2009. All assets relating to the closed down unit have been classified as discontinued operations. The registered office of the company is located In Karachi. The shares of the company are listed on the Karachi and Lahore Stock Exchanges. The company is engaged in the business of manufacturing fabrics using natural and man made fibers and blends thereof. It is also engaged in the business of trading and marketing renewable energy solutions, mainly solar, to domestic and industrial consumers. The company possesses investments in associates such as Dawood Hercules Corporation Limited. It is also a member of Karachi Chamber of Commerce and Industry. The symbol “DLL” is being used by the stock exchanges for the shares of Dawood Lawrencepur Limited.