SSGC holds Annual General Meeting

KARACHI: The 62nd annual general meeting of the SSGC was held on June 30 in a local hotel. The meeting contemplated the audited financial accounts for the year ending June 30, 2016 with reports of the auditors and directors. A large number of SSGC shareholders attended the meeting. The meeting was chaired by a senior member of the board of directors Sardar Rizwan Kehar. The other directors who represented the company included Agha Sher Shah, Nawabzada Riaz Sherwani, Abdul Ghofran and Qazi M Saleem Siddiqui. The SSGC management was represented by Acting Managing Director Amin Rajput, Acting CFO Faseehudin Fawad and Deputy Company Secretary Matin Sadiq. The directors opened the floor for discussion by the shareholders about financial year 2015-16. According to financial statements, the company suffered a net post tax loss of Rs6.1b during 2015-16 and this includes massive losses caused by payables and financial expenses. No dividend is recommended in view of the losses to the company.

Published in The Express Tribune, July 2^nd, 2017.

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