Bolan Castings Ltd. Announces Temporary Production Halt Due to Decreased Orders

Karachi: Bolan Castings Ltd. has announced a temporary suspension of its production activities in response to a significant decline in customer orders. The company's management has decided to cease operations from April 28, 2025, to May 09, 2025.

The decision follows a noticeable decrease in sales, which has consequently impacted the company's production schedule. This announcement was made in accordance with the requirements outlined in clause 5.6.1 (a) of the Rule Book of Pakistan Stock Exchange Limited (PSX), as well as Sections 96 and 131 of the Securities Act, 2015.

Bolan Castings Ltd. has communicated this development to the TRE Certificate holders of the Exchange, emphasizing the temporary nature of the halt. According to information available from the Pakistan Stock Exchange (PSX), this step is necessary to align production levels with current demand.

The company, which operates within the designated market category of industrial manufacturing, is taking these measures to manage the drop in sales effectively while awaiting a potential recovery in customer orders. The production activities are scheduled to resume on May 10, 2025, subject to any further developments in order volumes.