Karachi, Drekkar Kingsway Limited informed Pakistan Stock Exchange that the board of directors of the company in their meeting held on May 12, 2022 at Islamabad have decided to issue 150 Right Shares for every 100 shares held i.e. 150% at par/at a discount/premium of Rs. 10 per share.
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.