Board meeting of Biafo Industries Limited will be held on September 04, 2015

Karachi: Biafo Industries Limited informed Karachi Stock Exchange that board of directors meeting of the company will be held on September 04, 2015 at Islamabad. The agenda of the meeting is to confirm minutes of the meeting of Board of Directors held on April 28, 2015, to consider and approve Directors Report for year ended June 30, 2015, to consider and approve Auditors Report for year ended June 30, 2015, to consider and approve accounts for year ended June 30, 2015, to discuss and recommend increase in the Authorized Capital of the Company, to fix date of 27th Annual General meeting of the company and approve notice for holding of 27th Annual General meeting, and any other business with permission of the chair.

Further, the company has declared close period from August 27, 2015 to September 03, 2015.

Biafo Industries Limited was incorporated in Pakistan on September 7, 1988 as a public limited company. The foundation of the company is laid under the Companies Ordinance, 1984. The company started its commercial production on July 01, 1994. The principal activities of the company is engaging in the manufacturing of commercial explosives and blasting accessories including detonators and other materials. The shares of the company are quoted on the Karachi and Islamabad Stock Exchanges. The registered office is located at Islamabad. The industrial undertaking of the company is located at Khyber Pakhtunkhwa.

The symbol “BIAFO” is being used by the stock exchanges for the shares of Biafo Industries Limited.