Karachi, Bestway Cement Limited, a leading cement company, has announced the cancellation of the adjourned Extraordinary General Meeting (EOGM) that was scheduled to take place on July 17, 2023.

The decision to cancel the EOGM follows the withdrawal of resolutions previously passed by the Board of Directors on June 01, 2023. These resolutions pertained to the increase in Authorized Share Capital of the company and relevant amendments in the Memorandum and Articles of Association.

The Board of Directors carefully reviewed the situation and determined that it was necessary to defer the remaining agenda items of the EOGM and ultimately cancel the adjourned meeting. This decision reflects the company's commitment to ensuring that all matters are thoroughly evaluated before proceeding with any significant changes or decisions.