MLCF Board approves Rs1bn loan to holding company KTML
MG News | August 07, 2025 at 10:19 AM GMT+05:00
August 7, 2025 (MLN): Maple Leaf Cement Factory Limited's (PSX: MLCF) Board of Directors has approved an investment of up to Rs1 billion as loans/advances to Kohinoor Textile Mills Limited (KTML), the holding company of the Company, to meet KTML’s working capital requirements.
This approval is subject to the consent of the Company’s
shareholders under Section 199 of the Companies Act, 2017, the company's filing
on PSX revealed today.
A similar reciprocal facility of loans/advances of Rs1bn for
the working capital needs of the Company will be recommended by the Board of
KTML, subject to the approval of KTML's shareholders.
Additionally, the Board has approved an investment of up to
Rs1bn as loans/advances to Maple Leaf Capital Limited (MLCL), an associated
company, to meet MLCL’s working capital requirements.
This too is subject to shareholder approval under Section
199 of the Companies Act, 2017.
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