AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, An Extraordinary General Meeting of Pakistan Services Limited has been scheduled to take place on June 27, 2023, in Islamabad. The meeting aims to address several important matters, with the primary agenda being the confirmation of the minutes from the previous Extraordinary General Meeting held on March 16, 2023.
One of the key resolutions to be discussed during the meeting is the proposal to increase the Authorized Share Capital of the company. It has been suggested that the current capital of Rs. 2,000,000,000, divided into 200,000,000 ordinary shares of Rs. 10 each, should be raised to Rs. 8,000,000,000. This would involve the creation of 600,000,000 additional ordinary shares of Rs. 10 each, resulting in a total of 800,000,000 ordinary shares.
The Share Transfer Books of the company will remain closed from June 21, 2023, to June 27, 2023, inclusive of both days. This closure will ensure that any necessary adjustments can be made smoothly and efficiently.
The proposed increase in the Authorized Share Capital is a significant development for Pakistan Services Limited. It suggests a positive outlook for the company and may have far-reaching implications for its future operations and growth potential. Shareholders and investors are eagerly anticipating the outcome of the Extraordinary General Meeting and the decisions that will shape the company’s trajectory.