AI-Khair Gadoon Limited Calls Extraordinary General Meeting to Approve Capital Increase

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Karachi, AI-Khair Gadoon Limited has announced an Extraordinary General Meeting to be held on June 26, 2023, in SWABI, Khyber Pakhtunkhwa, to discuss crucial matters pertaining to the company’s growth and capital structure.

During the meeting, the shareholders will address several important agenda items, including the confirmation of minutes from the 32nd Annual General Meeting held on October 26, 2022. Additionally, the shareholders will deliberate on the proposal to increase the authorized capital of the company from Rs. 120,000,000/- to Rs. 300,000,000/-.

If approved, the authorized capital will be divided into 30,000,000 ordinary shares, each with a nominal value of Rs. 10/-. The amendment to Clause V of the Memorandum of Association will grant the company the power to increase and reduce capital, as well as to divide shares into several classes, in accordance with the Companies Act, 2017.

Furthermore, the shareholders will consider additional resolutions aimed at empowering the company to increase, consolidate, sub-divide, cancel, reduce, or reorganize its share capital as needed.

The notice also mentions that the share transfer books of AI-Khair Gadoon Limited will remain closed from June 19, 2023, to June 26, 2023, both days inclusive.