Karachi, Ismail Industries Limited informed Pakistan Stock Exchange that the board meeting of the company was held on April 25, 2016 at Karachi. The agenda of the meeting was consideration and approved making an equity investment of Rs. 605,984,000 by subscribing the unsubscribed portion of 60,598,400 right shares offered to the company by M/s. Hudson Pharma Pvt. Limited.
Ismail Industries Limited is a company incorporated in Pakistan as a Private Limited Company on June 21, 1988. On November 01, 1989 the company was converted to a Public Limited Company. The principal activities of the company are manufacturing and trading of sugar confectionery items, biscuits, potato chips and cast polypropylene film under the brands of Candyland, Bisconni, Snackcity and Astropack. The company is listed on Karachi and Lahore Stock Exchanges of Pakistan. The registered office is situated at Karachi.
The symbol “ISIL” is being used by the stock exchange for the shares of Ismail Industries Limited.