The company also announced payment of 15 percent cash dividend to its shareholders.
SSGC Chairman Aitzaz Shahbaz presided over the 51st Annual General Meeting of shareholders of the company here on Friday to approve the annual audited accounts for the fiscal year ended June 30, 2005.
Munawar Baseer Ahmad, Managing Director, and members of the Board of Directors Zahid Majid and Asif Saeed also attended the meeting.
According to a press release issued here, the shareholders approved the annual audited accounts as presented and declaration of 15 percent dividend amounting to Rs 1.50 per share of Rs 10 for the year under review.
The shareholders also unanimously approved the appointment of Taseer Hadi Khalid & Co, Chartered Accountants, as auditors for 2005-06.
At the start of the meeting, Aitzaz Shahbaz expressed deepest sympathies on behalf of SSGC towards the families, particularly women and children, who lost there loved ones during the calamitous earthquake in northern parts of Pakistan and Azad Kashmir.
The SSGC contributed Rs 25 million to President''''s Relief Fund, which included Rs 5 million being a day''''s salary contributed by SSGC employees.
The company also dispatched goods such as tents, blankets and foodstuffs based on contributions from corporate partners and families of SSGC employees bringing the total relief amount to over Rs 33 million.
The Chairman said: "The Company will continue to participate actively in the relief effort for as long as it takes, so that those most affected by this great natural calamity are able to resume a peaceful and normal life."
Fateha was also offered for the departed souls.
Aitzaz briefed the shareholders about the overall energy scenario of the country.
He said the company remained at the forefront of ''''fuelling national progress'''' by providing safe, affordable and environment-friendly energy, and witnessed a quantum jump in demand, especially from the industrial sector.-PR