OTSU to transfer Rs150mn to general reserve for investment in Line-II upgradation

MG News | September 07, 2022 at 09:52 AM GMT+05:00

0:00

September 7, 2022 (MLN): The Board of Directors of Otsuka Pakistan Limited have decided to transfer a sum of Rs150 million to the general reserve of the Company from the profits for the year ended June 30, 2022, company’s filing at PSX showed today.

The Board had further decided that the above-said reserve will also be utilized for the planned investment in manufacturing Line-II which was communicated to the shareholders on August 31, 2021, the notice added.

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