April 25, 2024

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building

Stock Exchange Road

Karachi

Dear Sir / Madam,

FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2024 (CONSOLIDATED AND STANDALONE)

We would like to inform you that the Board of Directors of Engro Corporation Limited (the "Company") in their meeting held on Thursday - April 25, 2024 at 11:00 a.m. (Pak Time) at Karachi School of Business and Leadership (KSBL) situated at National Stadium Road, Opp. Liaquat National Hospital, Karachi, reviewed and approved the un-audited consolidated and standalone financial results of the Company for the first quarter ended March 31, 2023, and recommended the following:

  1. CASH DIVIDEND
    An Interim Cash Dividend for the first quarter ended March 31, 2024 @ Rs. 11.00 per share i.e. 110%.
  2. BONUS SHARES Nil
  3. RIGHT SHARES Nil
  4. ANY OTHER ENTITLEMENT / CORPORATE ACTION Nil
  5. ANY OTHER PRICE-SENSITIVE INFORMATION DIVESTMENT OF THERMAL ENERGY ASSETS
    As notified to PSX on April 4, 2024, Engro Energy Limited, a wholly owned subsidiary of the Holding Company, has entered into definitive agreements with Liberty Power Holding (Pvt.) Limited and other parties acting in concert (Acquirers) for the sale of its entire shareholding in EPQL, EPTL and SECMC, subject to certain adjustments as agreed in the definitive agreements.
    The divestment meets the classification criteria of International Financial Reporting Standard 5 - "Non-Current Assets Held for Sale and Discontinued Operations". Accordingly, in the consolidated financial results of the Company for the quarter ended March 31, 2024, the financial results of thermal energy assets have been reported as discontinued operations.

The un-audited consolidated and standalone financial results of the Company for the first quarter ended March 31, 2024, are enclosed.

The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on Wednesday - May 08, 2024.

The Share Transfer Books of the Company will remain closed from Thursday - May 09, 2024, to Friday - May, 10, 2024 (both days inclusive). Transfers received in order at the office of our Share Registrar, M/s. FAMCO Share Registration Services (Private) Limited, 8 - F, Near Hotel Faran, Block 6, P.E.C.H.S. Shahrah-e-Faisal, Karachi, PABX No. (+92-21)34380101-5 and email: info.shares@famcosrs.comby the close of business (05:00 p.m.) on Wednesday - May 08, 2024 will be treated in time for the purpose of determining entitlement of above interim cash dividend to the transferees.

The Quarterly Report of the Company for the first quarter ended March 31, 2024, will be transmitted through PUCARS separately within the specified time and shall also be made available on our website www.engro.com.

Best Regards,

Mohammad Yasir Khan

Company Secretary

Enclosed:

Consolidated & Standalone Financial Results

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Engro Corporation Ltd. published this content on 25 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 April 2024 08:05:16 UTC.