July 28, 2021 (MLN): The shareholders of Fauji Foods Limited (FFL), at their Extraordinary General Meeting (EOGM), held on Jul 28, 2021, have resolved that the authorized share capital of the Company be increased from Rs10billion divided into 1bn ordinary shares of Rs10 each to Rs18bn divided into 1.2bn ordinary shares of Rs10 each.
The meeting further resolved that the Chief Executive Officer, Chief Financial Officer and the Company Secretary be and are hereby jointly and severally authorized to take any and all necessary steps and actions for implementing the above resolutions, including, without limitation, to seek any and all consents and approvals and (where required).
The mentioned authorities are also authorized to file all necessary documents, statutory returns, declarations and applications, pay and incur all necessary fees and expenses and to appear and make representations before any regulatory or other authority, as may be necessary or conducive for and in connection with any of the foregoing matters and to sign, issue and dispatch all such documents and notices and do all such acts as may be necessary for carrying out the aforesaid purposes and giving full effect to the above resolutions.
The above stated information was disseminated through notification to exchange.
