Ismail Industries Limited Cancels Extraordinary General Meeting and Withdraws Share Capital Increase Decision

Karachi, Ismail Industries Limited, a prominent company, has made important announcements following a meeting of its Board of Directors held on June 14, 2023, in Karachi.

The first decision taken by the Board was the passage of a resolution to not increase the authorized share capital of the company. This decision reverses the previous resolution that was made in a meeting held on May 26, 2023.

Additionally, the Board has decided to withdraw the agenda item and cancel the Extraordinary General Meeting that was originally scheduled to take place on June 16, 2023. The cancellation of the meeting indicates a change in the company’s plans and priorities.

Furthermore, Ismail Industries Limited has communicated the cancellation of the previously announced book closure. This implies that the closure of the Share Transfer Books, which was previously communicated, is now void.