FFL increases share capital by Rs10bn

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By MG News | August 30, 2022 at 12:46 PM GMT+05:00

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August 30, 2022 (MLN): Fauji Foods Limited (FFL) has resolved an increase in the authorized share capital of the company from Rs18 billion to Rs28bn in an extra general ordinary meeting held on August 30, 2022, the company’s filing on bourse showed today.

The notice said, “The authorized capital of the company increased from Rs18bn divided into 1.8bn ordinary shares of Rs10each to Rs28bn divided into 2.8bn ordinary shares of Rs10 each.”

It was further resolved that the Chief Executive Officer, Chief Financial Officer and the Company Secretary have been authorized to take any and all necessary steps and actions for implementing the above resolutions.

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