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Siddiqsons Tin Plate Ltd increases authorized capital from Rs.3 bln to Rs.6 bln

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March 24, 2021 (MLN): The Board of Directors of Siddiqsons Tin Plate Limited has decided to increase authorized capital of the company from Rs3 billion to Rs6 billion.

The aforesaid decision is subject to the approval of Security Exchange Commission of Pakistan (SECP).

 The Board also resolved to alter the Memorandum and Articles of Association of the Company by substituting the figures and words “Rs.3 billion divided into 300 million ordinary shares of Rs 10 each” with the figures and words “Rs. 6 billion divided into 600 million ordinary shares of Rs 10 each.”

 The Board further authorized Chief Executive/ Company Secretary to do all acts to effect the Special Resolutions and authorize them to comply with all the necessary requirements under the law in this behalf.

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Posted on: 2021-03-24T14:31:00+05:00

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