Change of Directors of Drekkar Kingsway Limited

Karachi, Drekkar Kingsway Limited informed Pakistan Stock Exchange that Mr. Abdul Wahid Qureshi, Mr. Kashif Shabbir and Ms. Gull Zaiba Jawad have been appointed as Directors of the Company with effect from September 06, 2021 in place of Mr. Muhammad Ahmed Imran, Mr. Muhammad Arsalan and Ms. Mubashara Khan.

Drekkar Kingsway Limited was registered on June 28, 1993 as Private Limited Company and was subsequently converted into Public Limited Company as on June 29, 1994. The principal activity of the company was manufacturing of all type of electrical appliances, cosmetics, toiletries, leather goods, machinery, components and parts.

In 1996, the company sold its plant and machinery. The company is currently engaged in making equity investments in undervalued profitable situations.

The total numbers of shares are 10,000,000. The (0.68) in 2020 which was (0.07) in 2019. The Company had a loss of Rs. 6,809,000 in 2020 which was 716,000 in 2019.