The Secretary, Islamabad Stock Exchange (Guarantee) Limited, Stock Exchange Road, Blue Area, Islamabad. Securities & Exchange Commission of Pakistan, NIC Building, Jinnah Avenue, Blue Area Islamabad. SUBJECT: MATERIAL INFORMATION
Dear Sir,In accordance with Clause (xx) of the Listing Regulation No. 35 Karachi Stock Exchange, 35(xx) Lahore Stock Exchange and 35(xx) Islamabad Stock Exchange under Code of Corporate Governance, we are pleased to convey the following information:
The management of the Company has decided to manufacture / assemble Motorcycles of all sorts and kinds by utilizing the idle capacity of Company’s Auto Rickshaws manufacturing facilities with some addition of machinery and building necessarily required for this purpose.
After the commencement of manufacturing / assembling of Motorcycles, the revised annual production capacity of the plant (based on 8 hours single shift) with respect to Auto Rickshaw and Motorcycle will become as follow:Name of Product Existing Revised Production Capacity Production Capacity (Units per annum) (Units per annum) Auto Rickshaw 20,000 12,000 Motorcycle Nil 30,000 The production capacity of Auto Rickshaw and Motorcycle may interchangeably be used in accordance with the demand of the products. Thanking you, Yours truly, For Sazgar Engineering Works Limited Arshad Mahmood Company Secretary