Karachi, Dewan Automotive Engineering Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on February 25, 2023 at Karachi. The agenda of the meeting shall be consideration of quarterly accounts for the period ended December 31, 2022.

Further, the closed period of the company shall be from February 17, 2023 to February 25, 2023 (both days inclusive).

“Dewan Automotive Engineering Limited was incorporated on May 6, 1982 and commenced operations in August 1983. The company’s business is the assembly-cum progressive manufacture and sale of tractors, light commercial vehicles and motorcycles and trading/manufacturing of parts and implements related thereto. The company was taken over by Yousaf Dewan Companies.

The total number of shares are 21,400,000. The Earnings per shares of the Company is (2.78) in 2020 which was (3.93) in 2019.The Company had a loss of 59,386,000 in 2020 which “