UVAVES
April 20, 2022
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road, Karachi
SSINGER
EVOLVING
WAVES SINGER PAKISTAN LIMITED
Final Progress Report of Right Issue-Waves Singer Pakistan Limited ("the Company")
Dear Sir,
LIVES
In continuation of our earlier progress reports submitted in respect of utilization of proceeds of rights ssue amounting to PKR 1,407 million. We are pleased to inform that the proceeds received from the rights issue have been fully utilized as under:
Budgeted
Actual
Utilization
Particulars of Utilization
Land
Building Working capital
PKR Mn 500 500 407
PKR Mn
481 96%
519* 104%
407 100%
Total 1,407 1,407 100%
The increase is mainly on account of increase in costs of steel and cement due to inflation
We trust that the above submission will suffice your compliance requirements.
Yours truly,
For Waves Singer Pakistan Limited
GERPAKIS
%
Wasif Ali Rana
Company Secretary
031
Copy to:
Surveillance Supervision Enforcement (SMD) Securities and Exchange Commission of Pakistan Islamabad
Lahore Head Office: 9-Km Multan Road, Lahore-54790, Pakistan. Ph: 042-35415421-5, 042-35421502-4
WavespakistanUAN: +92(42)111-31-32-33 1www.wavessinger.com /Singerpak
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Waves Singer Pakistan Ltd. published this content on 20 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2022 08:14:09 UTC.