Cherat Packaging Limited Recommends Increase in Authorized Share Capital and Announces Extraordinary General Meeting

Karachi, Cherat Packaging Limited made significant decisions aimed at expanding the company’s operations and facilitating growth. The board of directors gathered on May 30, 2023, at 4:00 p.m. to discuss crucial matters pertaining to the future of the organization.

The board’s foremost recommendation was to increase the authorized share capital of Cherat Packaging Limited. Currently set at Rs. 1,000,000,000, the proposed increment would raise the authorized share capital to Rs. 7,500,000,000. This increase would involve the creation of 650,000,000 shares with a nominal value of Rs. 10 each.

To address this matter, an Extraordinary General Meeting (EOGM) has been scheduled for Thursday, June 22, 2023, at 1:00 p.m. The meeting will take place at the Registered Office of Cherat Packaging Limited. Shareholders will be notified of the EOGM through an official notice to be dispatched in due course.

The Share Transfer Books of Cherat Packaging Limited will be closed from Friday, June 16, 2023, to Thursday, June 22, 2023.