The Karachi Stock Exchange (Guarantee) Limited’s Receipt of full amount of Rights offered by Cherat Papersack Limited

Karachi: We are please to inform you that the unsubscribed amount has been deposited in bank. In this regard, please find enclosed herewith the Auditor’s Certificate confirming that the proceeds have been deposited with the Banker to the Issue, Bank Al Habib Limited.

Auditor’s Certificate on Receipt of Proceeds against Issue of Right Shares

This has reference the captioned subject. As desired, we have verified from the books of accounts and records of the company that the remaining amount of Rs. 12,389,286/-has been received in the company’s Bank account towards proceeds against proposed issue of right shares from sponsors of the Company.

We would inform you that the primary responsibility for providing us the financial information and its adequate disclosure is that of the management of the company.

This certificate is being issued on the specific request of the Company for submission to the Karachi and Lahore Stock Exchanges and is not be used for any other purpose or to be distributed to any other parties. This letter only relates only to the matters specified above and do not extend to any financial statements of the company, taken as a whole.

For more information, contact:
Karachi Stock Exchange
Tel: +9221 111-001122
Fax: +9221 3241 0825, +9221 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk