Karachi, Fauji Foods Limited informed Pakistan Stock Exchange that the Board of Directors of the Company, in their meeting held on September 04, 2021 through video link, have decided to increase the paid-up share capital of the Company by issue of a further 780,794,596 ordinary shares, having face value of PKR 10/- each, as Right Shares, to be offered to the members in proportion of 97.19916 Right Shares for every 100 ordinary shares held i.e. 97.19916% at a price of PKR 10/- per Right Share.
Fauji Foods Limited was incorporated in Pakistan on 26 September 1966 as a Public Company. The company is the subsidiary of Fauji Fertilizer bin Qasim Limited. It is principally engaged in processing and sale of toned milk, milk powder, fruit juices, allied dairy and food products.
The total numbers of shares are 803,293,563. The Earnings per share is (4.62) in 2020 which was (10.74) in 2019. The Company had a loss of Rs. 3,058,112,000 in 2020 which was 5,788,937,000 in 2019.