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Karachi, Reliance Cotton Spinning Mills Limited, a prominent textile company, has announced its recommendation to increase the authorized share capital from Rs. 120,000,000 to Rs. 7,620,000,000. The decision was made by the company’s board of directors, aiming to support future growth initiatives and strategic investments.
In a disclosure of material information, Reliance Cotton Spinning Mills Limited outlined its intention to seek approval for the proposed increase during an extraordinary general meeting scheduled for Wednesday, June 21, 2023, at the company’s headquarters in Karachi.