Faisal Spinning Mills Limited Cancels Extraordinary General Meeting and Share Capital Increase

Karachi, the board of directors of Faisal Spinning Mills Limited has made a significant decision regarding the company’s future plans. The board has decided against increasing the authorized share capital of the company, which was originally proposed to be approved during the scheduled extraordinary general meeting (EOGM) on June 23, 2023.

Not only has the share capital increase been canceled, but all other agenda items slated for discussion during the EOGM have also been withdrawn. If deemed appropriate, these agenda items will be recommended by the board of directors at the next general meeting of the company.

As a result of this decision, the anticipated EOGM, which was planned to take place at the registered office of Faisal Spinning Mills Limited on June 23, 2023, stands canceled. The closure of the shares transfer book, previously communicated to be effective from June 17, 2023, until June 23, 2023, has also been called off.

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