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Board of directors meeting of Dewan Automotive Engineering Limited

Karachi, Dewan Automotive Engineering Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 23, 2021 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from September 15, 2021 to September 23, 2021.

Dewan Automotive Engineering Limited was incorporated on May 6, 1982 and commenced operations in August 1983. The company’s business is the assembly-cum progressive manufacture and sale of tractors, light commercial vehicles and motorcycles and trading/manufacturing of parts and implements related thereto. The company was taken over by Yousaf Dewan Companies.

The total number of shares are 21,400,000. The Earnings per shares of the Company is (2.78) in 2020 which was (3.93) in 2019.The Company had a loss of 59,386,000 in 2020 which was 84,046,000 in 2019.