Karachi: Under the material information disclosure provisions of the Listing Rules, we have to inform you that late last night officials of the Excise department arrived at the Dahakri fertilizer plant of our 100% subsidiary, Engro Fertilizers Limited and informed plant management that they had verbal orders not to allow any urea shipment to leave the plant.
This action is clearly illegal as no excise duty is payable on urea fertilizer. This company is however trying to engage with the Government to understand the reasons for this action and to resolve the issue amicably.
For more information, contact:
Engro Fertilizers Limited
7th and 8th Floors, The Harbor Front Building,
HC # 3, Marine Drive, Block 4 Clifton,
P. O. Box 5736, Karachi- 75800, Pakistan.
Tel: (021) 35297501(10 Lines)
Fax: (92-21) 35810669