Bolan Castings Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 24, 2020.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2020 which portrayed a loss of Rs. 83,868,757 with loss per share 7.31 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

The announcement is available at:

https://dps.psx.com.pk/download/document/146513.pdf

Bolan Castings Limited is a company incorporated in Pakistan. The foundations of the company are laid under the Companies Ordinance, 1984. The company was incorporated on July 15, 1982. The company is engaged in the business of manufacturing and selling castings for tractors and automotive parts which includes Grey Iron Castings and Spheroidal Graphite/ Nodular/ Ductile Iron Castings. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located at Balochistan.

The symbol "BCL" is being used by the stock exchanges for the shares of Bolan Castings Limited.

© Pakistan Press International, source Asianet-Pakistan