Bela Automotives Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on January 24, 2020.

The agenda of the meeting was discussion of profit and loss account for year ended June 30, 2019 which portrayed a loss of Rs. 7,159,565 with loss per share 1.23 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/attachment/141841-1.pdf

Bela Automotives was established in 1985 to produce and market automotive parts, bicycle parts, bolts, nuts, cold forged parts, machinery parts etc at Hub, near Karachi.

© Pakistan Press International, source Asianet-Pakistan