Lahore: February 24, 2023
The General Manager,
Pakistan Stock Exchange Limited,
Stock Exchange Building,
Stock Exchange Road, Karachi.
Executive Director/ HOD,
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.
For Sazgar Engineering Works Limited