Ref No. SGL/2022/08/1669
Dated: August 23, 2022
Mr. Bilal Hussain
Business Recorder
531, Recorder House Business
Recorder Road, Karachi.
SUBJECT: CORRECTION ABOUT THE NEWS PUBLISHED ON BUSINESS RECORDER WEBSITE AS ON AUGUST 19, 2022.
Dear Sir,
Reference to the news published online on business recorder website as on August 19, 2022, wherein it had been stated that “The Company has a capacity to assemble 40 cars a day on a single shift basis, translating to an annual capacity of 15,000 vehicles”.
In this regard, we would like to clarify that the annual production capacity of our plant is 24,000 vehicles per annum, i.e. 80 vehicles per day on a single shift basis.
Thanking You,
Yours sincerely,
For Sazgar Engineering works Limited
Arshad Mahmood
(Company Secretary)
CC: The General Manager, Pakistan Stock Exchange Limited.