Karachi, Drekkar Kingsway Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Islamabad on October 25, 2021.

The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2021 which portrayed a loss of Rs. 57,612,958 with loss per share 5.76 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

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.