Karachi, Dewan Farooque Motors Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on February 24, 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 24, 2023 (both days inclusive).

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Deewan Farooque Motors Limited is a Public Limited Company, was incorporated in Pakistan on December 28, 1998. The Company’s principal activities are to assemble, progressive manufacturing and sales of Vehicles in Pakistan. The shares of the Company are quoted on Pakistan Stock Exchange Limited Deewan Farooque Motors Limited suspended its operations since November 2010.

The shares of the Company are 138,735,242. The Earnings per shares of the company are (2.19) in 2020 which was (1.83) in 2019. The Company had a loss of 292,522,000 in 2020 which was 244,304,000 in 2019.”