Karachi, Loads Limited informed Pakistan Stock Exchange that Mr. Khawaja M. Akber has resigned from the position of the company with effect from May 10, 2022.
Loads Limited was established on January 1, 1979 as a private limited company with the objective of manufacturing exhaust systems, radiators, and sheet metal components for the automotive industry. The Company was converted to public limited company in January 12, 1994. The company offered its shares to the general public and was listed on Pakistan stock exchange on November 1, 2016.
The Company has four wholly owned subsidiaries, namely, Specialized Autoparts Industries (Private) Limited, Multiple Autoparts Industries (Private) Limited, Specialized Motorcycles (Private) Limited and Hi-tech Alloy Wheels Limited (formerly known as Hi-tech Autoparts (Private) Limited).
The total numbers of shares are 251,250,000. The Earnings per share is (0.91) in 2020 which was 0.27 in 2019 The Profit after Taxation is (137,331,000) in 2020 which was 41,229,000.