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EGM Notice and Price Sensitive information 2016

3rd EGM of GULF FOODS LTD on 22th June 2016

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  GENERAL INFORMATION

  GULF FOODS LIMITED is a Public Limited Company which was incorporated on 04.04.1995 under the companies Act 1994 and listed with Chittagong Stock Exchange Limited And Dhaka Stock Exchange Limited. The Company's 14th Annual General Meeting was held at it's factory Premises at Village: Amtola -Katakhali, P.S: Dacope, Dist: Khulna on Saturday the 12th December, 2009 at 11:00 A.M.

At present the company's business activities are: (i) Shrimp fry production through a modern scientific method, (ii) Fish/Shrimp Cultivation. The location of the business operation of the company is at villa: Amtola -Katakhali, P.S: Dacope, Dist: Khulna and Head Office is At BCIC Bhaban (10th Floor),30-31, Dilkusha C/A, Dhaka -1000, Bangladesh.

Shrimp sector is playing an important part for our economy. Bangladesh has earned foreign currency amounting to US$ 454.53 Million, 534.07 Million & 515.32 Million respectively in the financial year 2008-2009, 2007-2008 & 2006-2007 by exporting forzen food. It may be mentioned that in the frozen food, export shrimp plays very important role and it's contribution is about 90-95%. As we are in the production of shrimp fry so we are contributing a lot. Shrimp industry starts form producing shrimp fry from mother shrimp. Fry then cultivated in the "gher" (Land Specially designed for shrimp cultivating), canal and other suitable place. After the fry released harvesting starts after 3/4 months. Shrimp then processed and exported to foreign countries. Now it is understood that we are doing the primary job, that is vary important  as natural catching of shrimp fry is not recommended considering to save sea/river environment. So production of shrimp fry in the hatchery is getting important day by day.


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