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‚Äôs 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