FCCL increases authorize share capital to Rs25bn

MG News | February 28, 2022 at 10:57 AM GMT+05:00

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February 28, 2022 (MLN): The board members of Fauji Cement Company Limited (PSX: FCCL), in their Extraordinary General Meeting (EOGM) have resolved to increased to Rs25 billion by the creation of Rs1bn ordinary shared of Rs10 per share to rank pari passu in all respects with the existing ordinary shares in the capital of the company, the company filing on PSX showed today.

It was further resolved that the scheme of arrangement for amalgamation between Askari Cement Limited and its Members, and FCCL and its Members, approved by the board of FCCL and circulated to the members of FCCL, being considered by this meeting is hereby approved, adopted and agreed.

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