Husein Sugar resolves to increase authorized capital to Rs1.6bn

MG News | January 28, 2022 at 12:24 PM GMT+05:00

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January 28, 2022 (MLN): Husein Sugar Mills Limited (HSM), in its Annual General Meeting (AGM), held on January 28, 2022, has passed the resolution to increase the authorized share capital of the company from Rs680 million to Rs1.6 billion, the company’s filing on the bourse showed today.

The aforesaid share capital will be divided into 125mn ordinary shares of Rs10 each and 35mn preference shares of Rs 10 each with such preferential, qualified or special rights, privileges, conditions or restrictions attaching thereto as provided under the Companies Act, 2017.

The company shall have the power to vary, modify or abrogate any such rights, privileges or conditions in such manner as may be permitted by law, the notice said.

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