Fauji Foods Limited Releases Report on Compliance with Central Depository System Requirements for Share Issuance

Karachi, Fauji Foods Limited has completed a series of procedures aimed at evaluating its compliance with specific requirements outlined by the Central Depository Company of Pakistan Limited. The procedures were conducted to assess the Company’s issuance of shares, excluding rights issue, amounting to a significant sum of Rs. 9,358.75 million, as indicated in the “Statement of deposit against issuance of shares other than right issue.”

Fauji Foods Limited assumed full responsibility for the subject matter, which formed the basis of the agreed-upon procedures. The Company acknowledged the appropriateness of the procedures and understood that their sufficiency lay solely within its own purview.

The agreed-upon procedures engagement, performed by Fauji Foods Limited, adhered to the International Standard on Related Services (ISRS) 4400 (Revised), Agreed-Upon Procedures Engagements. The engagement involved executing the predetermined procedures in collaboration with the engaging party and reporting the factual results derived from those procedures.

The company’s completion of these procedures demonstrates its commitment to transparency and compliance with the regulatory framework governing share issuance. Stakeholders and investors can gain confidence from the rigorous evaluation performed by Fauji Foods Limited in line with the specified requirements set forth by the Central Depository Company of Pakistan Limited.