Karachi, Panther Tyres Limited informed Pakistan Stock Exchange about the recommendations made by the Board of Directors in the meeting held at Lahore on July 31, 2021.

The agenda of the meeting was discussion of profit and loss account for year ended June 30, 2021 which portrayed a profit of Rs. 851,262,410 with earnings per share 7.06 basic and diluted respectively.

Further, 20% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from September 09, 2021 to September 15, 2021 (both days inclusive).

Panther Tyres Limited is one of the players in the tyres and tubes industry of Pakistan. Apart from its main business, the Company has also ventured into trading business of automobile spare parts and lubricants.