Engro Polymer and Chemicals : Disclosure of Material Information
September 27, 2023 at 09:02 am IST
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September 27, 2023
The General Manager
Pakistan Stock Exchange Ltd.
Stock Exchange Building, Stock Exchange Road
Karachi
Fax: (021) 111-573-329
SUBJECT: MATERIAL INFORMATION
Dear Sirs,
In accordance with Sections 96 and 131 of the Securities Act, 2015 and Clause 5.6.1(a) of the Rule Book of the Pakistan Stock Exchange Limited, we hereby convey the following information:
Reference is being made to the disclosure dated August 1, 2023. We would like to inform the Exchange that Engro Polymer & Chemicals Limited (EPCL) and Sui Southern Gas Company Limited have agreed to extend the term for the supply of gas up till October 15, 2023.
This gas will be used for EPCL`s captive power generation plant located at Port Qasim Industrial Zone on Plot no. EZ/1P-II-I, Karachi on an "as and when" available basis. This will ensure that the company's operations continue unhindered.
You may please inform the TREC holders of the Exchange accordingly.
Yours faithfully,
Khawaja Haider Abbas, ACA
Company Secretary
Cc:
Director / HOD
Surveillance, Supervision and Enforcement Department
Securities and Exchange Commission of Pakistan
NIC Building, 63 Jinnah Avenue
Blue Area, Islamabad
DISCLOSURE FORM
IN TERMS OF SECTIONS 96 AND 131 OF THE SECURITIES ACT, 2015
Public disclosure of inside information, which directly concerns the listed securities:
In accordance with Sections 96 and 131 of the Securities Act, 2015 and Clause 5.6.1(a) of the Rule Book of the Pakistan Stock Exchange Limited, we hereby convey the following information:
Reference is being made to the disclosure dated August 1, 2023. We would like to inform the Exchange that Engro Polymer & Chemicals Limited (EPCL) and Sui Southern Gas Company Limited have agreed to extend the term for the supply of gas up till October 15, 2023.
This gas will be used for EPCL`s captive power generation plant located at Port Qasim Industrial Zone on Plot no. EZ/1P-II-I, Karachi on an "as and when" available basis. This will ensure that the company's operations continue unhindered.
You may please inform the TREC holders of the Exchange accordingly.
For and on behalf of
Engro Polymer & Chemicals Limited
Khawaja Haider Abbas, ACA
Company Secretary
Dated: September 27, 2023
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Engro Polymer & Chemicals Ltd. published this content on 27 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 September 2023 03:31:01 UTC.
Engro Polymer & Chemicals Limited is a Pakistan-based company. The Company's principal activity is the production and distribution of chlor-vinyl products, including poly vinyl chloride (PVC), vinyl chloride monomer (VCM), caustic soda liquid, caustic soda flakes, hydrochloric acid, and sodium hypochlorite. It operates in three segments: PVC and allied chemicals, caustic soda and allied chemicals, and power supplies. The PVC and allied chemicals segment manufactures and sells PVC and allied chemicals to various industrial customers, including pipe manufacturers, shoe and packaging industry. The caustic soda and allied chemicals segment manufacture and sell caustic soda and allied chemicals to textile and soap industry. The power supplies segment supplies surplus power generated from its power plants to Engro Fertilizers Limited. The Company manufactures and markets over four grades of PVC under the brand name SABZ.