Ref: PSX-22/10
April 14, 2022
The General Manager Pakistan Stock Exchange Ltd.
Stock Exchange Building Stock Exchange Road Karachi
Subject: Quarterly Progress Report {Right Share Subscription Amount Utilization}
Dear Sir
The quarterly progress report about utilization of the proceeds of right subscription amount for the quarter ended March 31, 2022 is as under:
Purpose | Funds allocated | Funds Utilized | Funds to be Utilized | % utilized |
Rupees in '000' | ||||
Payment of Bank borrowing | 850,000 | 850,000 | - | 100.00 |
To meet working capital requirement | 100,000 | 100,000 | - | 100.00 |
Capital expenditure on plant & machinery | 100,000 | 36,387 | 63,613 | 36.39 |
Financing new launches of medicine and advance therapies | 50,000 | 50,000 | - | 100.00 |
1,100,000 | 1,036,387 | 63,613 | 94.22 |
Thanking you.
Yours truly,
Macter International Limited
Company Secretary
C.c. to:The Commissioner
Corporate Supervision Department
Securities and Exchange Commission of Pakistan NIC Building 63, Jinnah Avenue, Blue Area Islamabad
The Director/HOD
Surveillance, Supervision and Enforcement Department Securities & Exchange Commission of Pakistan, Islamabad
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Macter International Ltd. published this content on 14 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 April 2022 08:44:09 UTC.