Production and Sales Data June 2023

Production and Sales Data June 2023

DISCLOSURE FORM

IN TERMS OF SECTION 131 OF THE SECURITIES ACT, 2015

Lahore: July 11, 2023

The General Manager,                                                                           

Pakistan Stock Exchange Limited,                                                           

Stock Exchange Building,

Stock Exchange Road, Karachi.

Executive Director/HOD,
Offsite-II Department,

Supervision Division,
Securities & Exchange Commission

of Pakistan,

63, NIC Building, Jinnah Avenue,
Blue Area, Islamabad.

Name of Company                                        : Sazgar Engineering Works Limited

Date of Report (date of earliest

Event reported if applicable)                      : N/A

Address of Registered Office                       : 88-Ali Town, Thokar Niaz Baig, Raiwind Road, Lahore.

Contact Information                                    : Company Secretary, 88-Ali Town, Thokar Niaz Baig,

  Raiwind Road, Lahore.

Disclosure of Inside Information:

SUBMISSION OF PRODUCTION AND SALES DATA OF THE COMPANY REGARDING THREE WHEELERS AND FOUR WHEELERS:

We are pleased to provide you the Production and Sales data of the Company regarding three wheelers and four wheelers for the month of June, 2023:

THREE WHEELERS:

MonthProduction Units UnitsSales Units
June – 2023570592

FOUR WHEELERS – OFF – ROAD & PASSENGER VEHICLES:

MonthProduction UnitsSales Units
June – 2023245228

Thanking you,

Yours faithfully,

For Sazgar Engineering Works Limited

Arshad Mahmood

(Company Secretary)

Material Information 19-6-23

DISCLOSURE FORM

IN TERMS OF SECTION 96 OF THE SECURITIES ACT, 2015

Lahore: June 19, 2023

The General Manager,                                                           

Pakistan Stock Exchange Limited,                                                         

Stock Exchange Building,

Stock Exchange Road, Karachi.

Executive Director/ HOD,

Offsite-II Department,

Supervision Division,

Securities & Exchange Commission of Pakistan,

63-NIC Building, Jinnah Avenue,

Blue Area, Islamabad.

Name of Company                                           : Sazgar Engineering Works Limited

Date of Report (date of earliest

Event reported if applicable)                           :

Address of Registered Office                           : 88-Ali Town, Thokar Niaz Baig, Raiwind Road, Lahore.

Contact Information                                        : Company Secretary, 88-Ali Town, Thokar Niaz Baig,

                                                                          Raiwind Road, Lahore.

Disclosure of Material Information:

In accordance with Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of PSX Regulations, we hereby convey the following information:

Purchase of Land:

We have to inform you that the Company has purchased a piece of land measuring nearly 16 Kanals at the rate of Rupees 9.00 million per Kanal adjacent to the Company’s four wheeler project considering the future business requirements.  

You may please inform the TRE certificate holders of the Exchange accordingly.

Thanking you.                                                                                                                

Yours sincerely,

For Sazgar Engineering Works Limited

Muhammad Atif Rao

Chief Financial Officer

 

Production & Sales Data May 2023

DISCLOSURE FORM IN TERMS OF SECTION 131 OF THE SECURITIES ACT, 2015

Lahore: June 14, 2023

The General Manager,                                                                           

Pakistan Stock Exchange Limited,                                                           

Stock Exchange Building,

Stock Exchange Road, Karachi.

Executive Director/HOD,
Offsite-II Department,

Supervision Division,
Securities & Exchange Commission

of Pakistan,

63, NIC Building, Jinnah Avenue,
Blue Area, Islamabad.

Name of Company                                        : Sazgar Engineering Works Limited

Date of Report (date of earliest

Event reported if applicable)                      : N/A

Address of Registered Office                       : 88-Ali Town, Thokar Niaz Baig, Raiwind Road, Lahore.

Contact Information                                    : Company Secretary, 88-Ali Town, Thokar Niaz Baig,

  Raiwind Road, Lahore.

Disclosure of Inside Information:

SUBMISSION OF PRODUCTION AND SALES DATA OF THE COMPANY REGARDING THREE WHEELERS AND FOUR WHEELERS:

We are pleased to provide you the Production and Sales data of the Company regarding three wheelers and four wheelers for the month of May, 2023:

THREE WHEELERS:

MonthProduction Units UnitsSales Units
May– 2023637522

FOUR WHEELERS – OFF – ROAD & PASSENGER VEHICLES:

MonthProduction UnitsSales Units
May – 2023145149

Thanking you,

Yours faithfully,

For Sazgar Engineering Works Limited

Arshad Mahmood

(Company Secretary)

Production & Sales Data April 2023

DISCLOSURE FORM IN TERMS OF SECTION 131 OF THE SECURITIES ACT, 2015

Lahore: May 10, 2023

The General Manager,                                                                           

Pakistan Stock Exchange Limited,                                                           

Stock Exchange Building,

Stock Exchange Road, Karachi.

Executive Director/HOD,
Offsite-II Department,

Supervision Division,
Securities & Exchange Commission

of Pakistan,

63, NIC Building, Jinnah Avenue,
Blue Area, Islamabad.

Name of Company                                        : Sazgar Engineering Works Limited

Date of Report (date of earliest

Event reported if applicable)                      : N/A

Address of Registered Office                       : 88-Ali Town, Thokar Niaz Baig, Raiwind Road, Lahore.

Contact Information                                    : Company Secretary, 88-Ali Town, Thokar Niaz Baig,

  Raiwind Road, Lahore.

Disclosure of Inside Information:

SUBMISSION OF PRODUCTION AND SALES DATA OF THE COMPANY REGARDING THREE WHEELERS AND FOUR WHEELERS:

We are pleased to provide you the Production and Sales data of the Company regarding three wheelers and four wheelers for the month of April, 2023:

THREE WHEELERS:

MonthProduction UnitsSales Units
April– 2023244406

FOUR WHEELERS – OFF – ROAD & PASSENGER VEHICLES:

MonthProduction UnitsSales Units
April – 202310389

Thanking you,

Yours faithfully,

For Sazgar Engineering Works Limited

Arshad Mahmood

(Company Secretary)

Financial Results for the Quarter Ended March 31 2023

April 17, 2023

The General Manager,

Pakistan Stock Exchange Limited,

Stock Exchange Building,                                                                                                                                                                           

Stock Exchange Road,                                                                                                                                                                                

Karachi.                                                                                        

SUBJECT:   FINANCIAL RESULTS FOR THE QUARTER ENDED 2023-03-31

Dear Sir,

We have to inform you that the Board of Directors of our Company in their meeting held on 2023-04-17 at 13:30 hrs. at Lahore recommended the following:

1. CASH DIVIDEND                                                                                                  NIL                

2. BONUS SHARES                                                                                                  NIL

3. RIGHT SHARES                                                                                                    NIL

4. ANY OTHER ENTITLEMENT/CORPORATE ACTION                                      NIL

5. ANY OTHER PRICE-SENSITIVE INFORMATION                                             NIL                

6. FINANCIAL RESULTS     

The financial results of the Company are attached as per annexure – I.

The Quarterly Report of the Company will be transmitted through PUCARS separately, within the specified time.

Yours Sincerely,

For Sazgar Engineering Works Limited,

Arshad Mahmood

(Company Secretary)

Production and Sales Data March 2023

DISCLOSURE FORM IN TERMS OF SECTION 131 OF THE SECURITIES ACT, 2015

Lahore: April 07, 2023

The General Manager,                                                                           

Pakistan Stock Exchange Limited,                                                           

Stock Exchange B uilding,

Stock Exchange Road, Karachi.

Executive Director/HOD,
Offsite-II Department,

Supervision Division,
Securities & Exchange Commission

of Pakistan,

63, NIC Building, Jinnah Avenue,
Blue Area, Islamabad.

Name of Company                                        : Sazgar Engineering Works Limited

Date of Report (date of earliest

Event reported if applicable)                      : N/A

Address of Registered Office                       : 88-Ali Town, Thokar Niaz Baig, Raiwind Road, Lahore.

Contact Information                                    : Company Secretary, 88-Ali Town, Thokar Niaz Baig,

  Raiwind Road, Lahore.

Disclosure of Inside Information:

SUBMISSION OF PRODUCTION AND SALES DATA OF THE COMPANY REGARDING THREE WHEELERS AND FOUR WHEELERS:

We are pleased to provide you the Production and Sales data of the Company regarding three wheelers and four wheelers for the month of March, 2023:

THREE WHEELERS:

MonthProduction UnitsSales Units
March– 2023692526

FOUR WHEELERS – OFF – ROAD & PASSENGER VEHICLES:

MonthProduction UnitsSales Units
March – 2023117118

Thanking you,

Yours faithfully,

For Sazgar Engineering Works Limited

Arshad Mahmood

(Company Secretary)

Appointment of Chairperson/Chief Executive/ Executive Directors

DISCLOSURE FORM

IN TERMS OF SECTION 96 OF THE SECURITIES ACT, 2015

Lahore: March 28, 2023

The General Manager,                                                                           

Pakistan Stock Exchange Limited,                                                           

Stock Exchange B uilding,

Stock Exchange Road, Karachi.

Executive Director/HOD,
Offsite-II Department,

Supervision Division,
Securities & Exchange Commission

of Pakistan,

63, NIC Building, Jinnah Avenue,
Blue Area, Islamabad.

Name of Company                                        : Sazgar Engineering Works Limited

Date of Report (date of earliest

Event reported if applicable)                      : N/A

Address of Registered Office                       : 88-Ali Town, Thokar Niaz Baig, Raiwind Road, Lahore.

Contact Information                                    : Company Secretary, 88-Ali Town, Thokar Niaz Baig,

  Raiwind Road, Lahore.

Disclosure of Material Information:

 

Appointment of Chairperson, Chief Executive and Executive Directors:

We have to inform you that the Board of Directors of our Company in their Meeting held on March 28, 2023 have made the following appointments:

1.  Mrs. Saira Asad Hameed has been appointed as Chairperson of the Company for a term of three years  commencing from March 28, 2023.

2.  Mr. Mian Asad Hameed has been appointed as Chief Executive of the Company for a term of three years  commencing from March 28, 2023. The Terms of his appointment are as under:

During the tenure of his appointment, he will be entitled for a net of tax monthly managerial remuneration of Rupees 3.50 million per month (to be increased by 15% annually or such higher amount as decided by Board of Directors) along with free use of  Company maintained vehicle for official and private purposes, re-imbursement of actual medical expenses for self and spouse and payment of cash bonuses as and when approved by Board of Directors. The remuneration will be subject to such adjustments and entitlements as may be granted at any time and from time to time by the Board of Directors of the Company and /or in accordance with the Company’s policies and rules for the time being in force.

3.   Mr. Saeed Iqbal Khan  has been appointed as an Executive Director under the designation of “Chief Operating Officer (COO) – Three Wheelers & Automotive parts Division” of the Company for a term of three years  commencing from March 28, 2023. The Terms of his appointment are as under:

During the tenure of his appointment, he will be entitled for a net of tax monthly managerial remuneration of Rupees 1.70 million per month (to be increased by 15% annually or such higher amount as decided by Board of Directors) along with free use of Company maintained vehicle for official and private purposes, re-imbursement of actual medical expenses for self and spouse and payment of cash bonuses as and when approved by Board of Directors. The remuneration will be subject to such adjustments and entitlements as may be granted at any time and from time to time by the Board of Directors of the Company and /or in accordance with the Company’s policies and rules for the time being in force.

4.   Mr. Mian Muhammad Ali Hameed has been appointed as an Executive Director under the designation of “Chief Operating Officer (COO) – Car Division” of the Company for a term of three years  commencing from March 28, 2023. The Terms of his appointment are as under:

During the tenure of his appointment, he will be entitled for a net of tax monthly managerial remuneration of Rupees 0.750 million per month (to be increased by 15% annually or such higher amount as decided by Board of Directors) along with free use of Company maintained vehicle for official and private purposes, re-imbursement of actual medical expenses for self and spouse and payment of cash bonuses as and when approved by Board of Directors. The remuneration will be subject to such adjustments and entitlements as may be granted at any time and from time to time by the Board of Directors of the Company and /or in accordance with the Company’s policies and rules for the time being in force.

Thanking you,

Yours faithfully,

For Sazgar Engineering Works Limited

Arshad Mahmood

(Company Secretary)

Production & Sales Data For the month of February 2023

DISCLOSURE FORM
IN TERMS OF SECTION 131 OF THE SECURITIES ACT, 2015

Lahore: March 16, 2023
The General Manager,
Pakistan Stock Exchange Limited,
Stock Exchange B uilding,
Stock Exchange Road, Karachi.

Executive Director/HOD,
Offsite-II Department,
Supervision Division,
Securities & Exchange Commission
of Pakistan,
63, NIC Building, Jinnah Avenue,
Blue Area, Islamabad.

Name of Company : Sazgar Engineering Works Limited

Date of Report (date of earliest
Event reported if applicable) : N/A

Address of Registered Office : 88-Ali Town, Thokar Niaz Baig, Raiwind Road, Lahore.

Contact Information : Company Secretary, 88-Ali Town, Thokar Niaz Baig,
Raiwind Road, Lahore.

Disclosure of Inside Information:
SUBMISSION OF PRODUCTION AND SALES DATA OF THE COMPANY REGARDING THREE WHEELERS AND FOUR WHEELERS:

We are pleased to provide you the Production and Sales data of the Company regarding three wheelers and four wheelers for the month of February, 2023:

THREE WHEELERS:

MonthProductionSales unit
February– 2023 7601,464

FOUR WHEELERS – OFF – ROAD & PASSENGER VEHICLES:

MonthProductionSales unit
February– 2023 269310

Thanking you,

Yours faithfully,
For Sazgar Engineering Works Limited

Arshad Mahmood
(Company Secretary)

DISCLOSURE FORM IN TERMS OF SECTION 96 OF SECURITIES ACT, 2015

The General Manager,                                                           

Pakistan Stock Exchange Limited,                                                         

Stock Exchange Building,

Stock Exchange Road, Karachi.

Executive Director/ HOD,

Offsite-II Department,

Supervision Division,

Securities & Exchange Commission of Pakistan,

63-NIC Building, Jinnah Avenue,

Blue Area, Islamabad.

Name of Company                                           : Sazgar Engineering Works Limited

Date of Report (date of earliest

Event reported if applicable)                           : February 24, 2023

Address of Registered Office                           : 88-Ali Town, Thokar Niaz Baig, Raiwind Road, Lahore.

Contact Information                                        : Company Secretary, 88-Ali Town, Thokar Niaz Baig,

                                                                          Raiwind Road, Lahore.

Disclosure of Material Information:

In accordance with Section 96 of the Securities Act, 2015 and Clause 5.6.1 (a) of PSX Regulations, Sazgar Engineering Works Limited (the “Company”) hereby conveys the following information:

In continuation of Company’s earlier announcement dated February 24, 2023, we are pleased to inform you that the Company has resumed its production operations of Car Plant (Four Wheeler Plant) w.e.f. today.

You may please inform the TRE certificate holders of the Exchange accordingly.

Thanking you.

Yours sincerely,

For Sazgar Engineering Works Limited

Arshad Mahmood

(Company Secretary)

DISCLOSURE FORM IN TERMS OF SECTION 96 OF THE SECURITIES ACT, 2015

Lahore: February 24, 2023

The General Manager,                                                           

Pakistan Stock Exchange Limited,                                                         

Stock Exchange Building,

Stock Exchange Road, Karachi.

Executive Director/ HOD,

Offsite-II Department,

Supervision Division,

Securities & Exchange Commission of Pakistan,

63-NIC Building, Jinnah Avenue,

Blue Area, Islamabad.

Name of Company                                           : Sazgar Engineering Works Limited

Date of Report (date of earliest

Event reported if applicable)                           :

Address of Registered Office                           : 88-Ali Town, Thokar Niaz Baig, Raiwind Road, Lahore.

Contact Information                                        : Company Secretary, 88-Ali Town, Thokar Niaz Baig,

                                                                          Raiwind Road, Lahore.

Disclosure of Material Information:

In accordance with Section 96 of the Securities Act, 2015 and Clause 5.6.1 (a) of PSX Regulations, Sazgar Engineering Works Limited (the “Company”) hereby conveys the following information:

Due to the Government’s stringent measures of minimizing the import of CKD and raw materials of vehicles, the Company’s supply chain has been disrupted and thereby the Company has decided to shut down its Car Plant (Four Wheeler Plant) from February 27, 2023 to March 04, 2023. However, the Company’s Three Wheeler and Automotive Parts’ manufacturing plant will remain in operation.

Any further update on this matter will be informed to the Exchange accordingly.

You may please inform the TRE certificate holders of the Exchange accordingly.

Thanking you.

Yours sincerely,

For Sazgar Engineering Works Limited

Arshad Mahmood

(Company Secretary)