Agriauto Industries Limited Announces Partial Shutdown in July 2023

Karachi, Agriauto Industries Limited, a prominent automotive components manufacturer, has made an important announcement regarding its operations. In compliance with the Securities Act, 2015, and PSX Regulations, the company informs its stakeholders about an upcoming partial shutdown during the month of July 2023.

The decision to implement a partial shutdown stems from the reduction in production volumes of Agriauto Industries Limited’s major customers. This development has prompted the company to take proactive measures to align its operations with the prevailing market conditions and optimize resource utilization.

Notably, Agriauto Stamping Company Pvt. Limited, a wholly owned subsidiary of Agriauto Industries Limited, will also be observing a partial shutdown during the same period. The subsidiary’s decision to temporarily suspend its operations is directly linked to the aforementioned reasons and the need to ensure operational efficiency across the organization.

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