Material Information of Indus Motor Company Limited.

Karachi -- Indus Motor Company Limited informed Pakistan Stock Exchange that the Company and its vendors continue to face hurdles on Import of raw materials and receiving clearance of their consignments from commercial banks, on account of difficulties in opening of LCs for raw materials by banks. This has disrupted the supply chain of the company and its vendors are unable to supply raw materials and components to the Company.

Accordingly, the company has insufficient inventory levels to maintain production, therefore the company Is unable to continue its production activities.

Further, the Company has decided to completely shut down its Production plant from March 24, 2023 to March 27, 2023 (both days inclusive).

The announcement is available at:

https://dps.psx.com.pk/download/document/204619.PDF

Indus Motor Company Limited was incorporated in Pakistan as a public limited company in December 1989 and started commercial production in May 1989. The Company was formed in accordance with the terms of a Joint Venture agreement concluded amongst certain House of Habib companies, Toyota...