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Wednesday, December 2nd, 2020

Mehran Sugar Mills Limited’s free-reserves-issue of bonus shares

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by December 5, 2012 Miscellaneous

Karachi, December 05, 2012 (PPI-OT): In pursuance of the issue of Dividend in the form of Bonus Shares announced by the Board of Directors of the Company, we are submitting herewith the Auditors’ Certificate in compliance of Rule 6 (iii) of the Companies (Issue of Capital) Rules 1996.

Following is the working of free reserves, you are requested to issue Certificate of Free Reserve accordingly to issue Bonus Shares as required under Rule 6 (iii) of Companies (Issue of Capital) Rules 1996.

Share CapitalA

209,265,650

Proposed Bonus Share issued @ 10%B

20,926,565

———–

Enhanced CapitalC=A+B

230,192,215

———–

25% of Enhanced CapitalD=C*25%

57,548,054

———–

Capital Reserve

63,281,250

Revenue Reserve

85,000,000

Accumulated Profit

662,013,064

———–

E

810,294,314

Less: Proposed Bonus IssueF

20,926,565

Less: ContingenciesG

65,893,675

———–

Free ReserveH=E-F-G

723,474,074

For more information, contact:
Muhammad Hanif Aziz
Chief Financial Officer
Mehran Sugar Mills Limited
Adamjee House, 8th Floor
I. I. Chundrigar Road,
Karachi-74000, Pakistan.
Tel: 92-(21) 3241-7131, 92-(21) 3242-3881
Fax: 92-(21) 3241-6477
E-mail: msm@mehransugar.com
URL: www.mehransugar.com

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