Baluchistan Glass Limited Announces Increase in Share Capital and Extraordinary General Meeting

Karachi, The Board of Directors of Baluchistan Glass Limited has decided to significantly increase its authorized share capital and has scheduled an extraordinary general meeting to discuss this matter. According to the decision made in their recent board meeting, the company aims to raise its authorized share capital from Rs. 2,666,000,000 to Rs. 7,000,000,000. This increase involves the creation of an additional 433,400,000 ordinary shares, priced at Rs. 10 each.

The company has outlined that the extraordinary general meeting is set for July 20, 2024, to secure approval from the shareholders for this proposed increase and the associated alterations in the Memorandum and Articles of Association. According to information available from the Pakistan Stock Exchange (PSX), the Share Transfer Books of the company will remain closed from July 14, 2024, to July 20, 2024. This closure will facilitate the processing of share transfers necessary for voting at the upcoming meeting.

Shareholders interested in attending and voting at the meeting must ensure their transfers are registered with the company’s Share Registrar, M/s Corp Link (Pvt.) Limited in Lahore, by the close of business on July 13, 2024. The official notice for this meeting will be distributed to relevant parties in due course.