Baluchistan Wheels Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on January 30, 2020.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2019 which portrayed a loss of Rs. 7,215 with loss per share 0.54 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

The announcement is available at:

https://dps.psx.com.pk/download/document/142074.pdf

Baluchistan Wheels Limited was incorporated in Pakistan on June 16, 1980. The company manufactures automotive wheel rims for trucks, buses, tractors, cars and mini commercial vehicles. The registered office of the company is located in Karachi. The factory of the company is located in Baluchistan. The stocks of the company are quoted on the Karachi Stock Exchange.

The symbol "BWHL" is being used by the stock exchanges for the shares of Baluchistan Wheels Limited.

© Pakistan Press International, source Asianet-Pakistan