Issuance of Right Shares of Quice Food Industries Limited

Karachi, Pakistan Stock Exchange informed that the progress report of Quice Food Industries Limited has not been communicated so far. It was required to provide the quarterly progress report about utilization of the proceeds of right subscription amount until completion of the purpose of right Issue. Pakistan Stock Exchange advised to submit the report immediately for its dissemination to all concerned and ensure its compliance until completion of the purpose.

Quice Food Industries Limited is a company incorporated in Pakistan on March 12, 1990 as a Private Limited Company. It was converted into Public Limited Company on December 13, 1993. The foundations of the company are laid under the Companies Ordinance, 1984. Principal activities of the Company are manufacturing and sale of Jam, Jelly, Syrups, Custard powder, Pickles, Essence, Juices and Aerated drinks and its Allied Products. Currently, the production activities are carried out only at the Swat unit. The company discontinued its Hattar unit from August 2001. The plant and machinery that was uninstalled from Hattar unit in previous year is now being transferred to Karachi for the purpose of re-commissioning. The company has obtained a rented premise for such re-commissioning of the plant and machinery. The stocks of the company are quoted on Karachi and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi.

The symbol “QUICE” is being used by the stock exchanges for the shares of Quice Food Industries Limited.