Pakistan Company News – Annual general meeting of Atlas Honda Limited to be held on June 28, 2018

Annual general meeting of Atlas Honda Limited to be held on June 28, 2018

Karachi, Atlas Honda Limitedinformed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on June 28, 2018 at Lahore.

The agenda of the meeting will to confirm of the Annual General Meeting held on June 19, 2017, to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended March 31, 2018, together with the Director’s and Auditor’s reports thereon, to appoint auditors and fix their remuneration for the year ending March 31, 2019 and to consider and approve and approve the final cash dividend of Rs. 27 per share i.e 270% for the year ended March 31, 2018 as recommended by the board of Directors.

Further, the closed period of the company is from June 14, 2018 to June 28, 2018 (both days inclusive).

Atlas Honda Limited was incorporated as a public limited company on October 16, 1962 under the Companies Ordinance, 1984. The company is principally engaged in the manufacturing and marketing of motorcycles and spare parts. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Lahore. The manufacturing and assembling facilities of the company are located at Karachi and Sheikhupura, with branches, warranty and training centres and other offices are located at Karachi, Hyderabad, Multan, Lahore, Rahim Yar Khan and Rawalpindi.

The company is a joint venture between the Atlas Group and Honda Motor Co. Ltd., Japan. The company was created by the merger of Panjdarya Limited and Atlas Autos Ltd. in 1988. Both these motorcycle manufacturing concerns were established by the Atlas Group. In addition, a third concern, Atlas Epak Ltd. was taken over by the Government of Bangladesh in 1971 after the fall of Dhaka. The company has a network of over 1600 sales service and spare parts dealers established within the country. Atlas has Warranty and Training Centers in Karachi and Lahore which provide several courses of varying duration and complexity for motorcycle mechanics and users each year.

The membership of industry and associations are with the Pakistan Automotive Manufacturers Association, Marketing Association of Pakistan, Management Association of Pakistan, Lahore Chamber of Commerce & Industry, Sheikhupura Chamber of Commerce & Industry, Overseas Chamber of Commerce & Industry and Karachi Chamber of Commerce & Industry.

The symbol “ATLH” is being used by the stock exchanges for the shares of Atlas Honda Limited.