Extraordinary general meeting of Ghandhara Nissan Limited to be held on February 01, 2019

Karachi, Ghandhara Nissan Limited informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on February 01, 2019 at Karachi.

The agenda of the meeting will be confirming the minutes of the Annual General Meeting held on October 23, 2018 and to elect ten directors of the Company as fixed by the board of directors in accordance with the provisions of section 159(1) of the Companies Act, 2017 for a period of three years, commencing from February 19, 2019.

Further, the closed period of the company is from January 25, 2019 to February 01, 2019 (both days inclusive).

The Ghandhara Nissan Limited (GNL), was incorporated in 1981 as a Private Limited Company having the sale licensee for the distribution of Nissan vehicles in CBU condition in Pakistan, later in 1992 it was converted into a Public Company listed in Karachi Stock Exchange. Ghandhara Nissan has Technical Assistance Agreement with Nissan, Japan and joint Venture Agreement with Nissan Diesel Company, Japan for the progressive Assembly of Passenger Cars, Light Commercial Vehicles and Heavy Duty Vehicles. Ghadhara Nissan’s Car and Truck Plants are located at Port Qasim, Karachi, adjacent to each other. Ghandhara Nissan is a group Company of Bibojee Services (Private) Limited.

GHNL’s stock is one such gem that has shot through the roof in roughly the last fourteen months. In just the calendar year 2015 to date, the stock has jumped by 17 percent against a 3 percent rise in benchmark KSE index. In the last 12 months, GHNL’s stock has risen 198 percent as against 29 percent in the benchmark KSE. Ghandhara Nissan is a group company of Bibojee Services (Pvt) Limited, which had about 62 percent stake in GHNL. Incorporated in 1981 as a private limited firm with a licence to distribute Nissan vehicles in CBU condition in Pakistan, the firm went public in 1992.

The symbol “GHNL” is being used by the stock exchange for the shares of Ghandhara Nissan Limited.

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