Material Information of Fauji Cement Company Limited

Karachi, Fauji Cement Company Limited informed Pakistan Stock Exchange that the shareholders of the Company in Extraordinary General Meeting held on July 27, 2021 have approved acquisition of 100% shareholding of Foundation Wind Energy-I Limited and 80% shareholding of Foundation Wind Energy II Limited at an aggregate consideration not exceeding PKR 14,072,340,000/-

Plant of Fauji Cement Company Limited (FCCL) is located at Jhang Bahtar, District Attock near Islamabad. The Company is one of the leading producer of a wide range of quality cement including ordinary Portland cement and other special cement in Pakistan.

The Company was incorporated on November 23, 1992, as a public limited company. The Company started its operations in 1997 with the production capacity of 3700 tons per day (TPD), which was enhanced to over 11000 TPD, with addition of second production Line in 2011. The total production capacity is 3.5 million tons of cement.

The Shares of the Company are 1,379,815,025. Earnings per shares of the Company is (0.04) in 2020 which was 2.05 in 2019. The Profit after Taxation was (59,381,000) in 2020 which was 2,824,298,000 in 2019.