KAPCO shareholders approve $47.5m financing for Attock Cement stake

July 14, 2026 (MLN): Kot Addu Power Company Limited's members have approved financing facilities and/or debt obligations of up to $47.5 million for the acquisition of shares of Attock Cement Pakistan Limited, along with related security, guarantees, indemnities, charges, mortgages and ancillary financing arrangements.

The approval was accorded through a special resolution passed at the company's 15th Extraordinary General Meeting held on July 13, 2026, pursuant to Article 41(c) of the Articles of Association and applicable provisions of the Companies Act, 2017.

Any two of the Chief Executive, the General Manager Finance/CFO, and the Company Secretary, acting jointly, have been authorized to act on behalf of the company for the debt obligation, including execution of all agreements, financing documents, security documents, undertakings, notices and writings, and matters ancillary thereto.

All acts, deeds and things done in respect of the financing and/or incurring of debt as stated above have been ratified and approved.

The members also approved and adopted the proposed Articles of Association of the company as laid before them, bearing the initials of the Company Secretary for identification purposes.

The Chief Executive and/or Company Secretary have been singly authorized to take all necessary steps and file all necessary forms, returns and documents with the Securities and Exchange Commission of Pakistan and any other regulatory authority to implement and give effect to the resolution.

The Articles of Association will remain subject to such modifications, amendments, additions or deletions as may be required or directed by the Securities and Exchange Commission of Pakistan, which will be deemed to form part of the special resolution without requiring members to pass a fresh special resolution.

The aforementioned information was disseminated through a notification to Exchange.

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