Karachi, In a recent meeting held on 21st July, 2023, the Board of Directors of Ghandhara Automobiles Limited announced a significant development in their capital expenditure strategy. In a move to accurately reflect the nature of their reserves, the Board decided to transfer and reclassify a sum of PKR 1,000 million from unappropriated profit to a separate capital reserve.

This new capital reserve will be dedicated exclusively to financing the company’s future capital expenditure and will not be available for distribution as dividends.