Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

Service industry likely expand authorized share capital to Rs9bn

Service Industries shareholders approve Rs1.5bn investment in Service Long March Tyres
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

May 29, 2023 (MLN): The Board of Directors (BoD) of Service Industry Limited (PSX: SRVI) has suggested to increase the company’s authorized share capital from Rs1 billion to Rs9bn, the company's filing on PSX revealed.

The board also recommended subsequent modifications in the Memorandum of Association subject to the approval of members of the company.

In addition, the board has also advised alterations in the Articles of Association (AOA) regarding the capitalization of reserves.

In order to seek approval of the aforementioned amendments, an extraordinary general meeting will be held on June 20, 2023.

Copyright Mettis Link News

Posted on: 2023-05-29T16:45:52+05:00