GHNI to transfer Rs1.5bn to capital reserves

MG News | July 24, 2023 at 10:13 AM GMT+05:00

0:00

July 24, 2023 (MLN): The Board of Directors (BoD) of Ghandhara Industries Limited (PSX: GHNI) has decided to transfer and classify a sum of Rs1.5 billion to the separate capital reserves (unavailable by way of dividend) to more accurately reflect the nature of these reserves, company’s latest filing on PSX revealed.

The amount of Rs1.5bn, currently classified as unappropriated profits will be transferred into capital reserves for capital expenditures.

The principal activity of GHNI is the assembly, progressive manufacturing, and sale of Isuzu trucks, buses, and pickups.

At the time of writing, the share of the company is being traded at Rs107.40, down by 2.68% or Rs2.96 on the day.

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