Company Proposes Share Capital Increase and Amendments to Memorandum and Articles of Association

Karachi, A company has put forward proposals to increase its authorized share capital and amend its Memorandum and Articles of Association. The company aims to expand its financial resources by raising the authorized share capital from Rs. 350,000,000/- to an impressive Rs. 27,350,000,000/-.

Under Agenda No. 2, shareholders will deliberate on the resolution to alter the Memorandum of Association by substituting the existing figures and words with the new figures of Rs. 27,350,000,000/- and 2,735,000,000. Likewise, the Articles of Association will be amended to reflect the same changes, replacing the current figures with the proposed ones.

Furthermore, the shareholders will consider authorizing the Chief Financial Officer and/or Company Secretary to undertake any necessary actions to implement the resolutions and fulfill all associated corporate and legal formalities.