Kohat: Kohat Cement Company Limited has scheduled an Extra-Ordinary General Meeting (EOGM) of its shareholders, set to take place on August 7, 2025, in Kohat. The primary agenda for this meeting is to deliberate on a proposal for the sub-division of the company's shares.

The proposed sub-division, as detailed in the notice, involves adjusting the face value of the company's shares from Rs.10 to Rs.2 per share. This change translates into an issuance ratio of five shares for every one share currently held by shareholders. The move is in accordance with Section 85(1)(c) of the Companies Act, 2017.

In conjunction with the proposed sub-division, the company intends to amend the relevant clause of its Memorandum of Association to reflect the new structure of its shares. The notice also includes a Statement of Material Facts as required under Section 134(3) of the Companies Act, 2017, along with draft special resolutions for the shareholders' consideration.

The company's decision to propose a sub-division of shares is a significant move. According to information available from the Pakistan Stock Exchange (PSX), such corporate actions can impact trading volumes and share liquidity in the designated market category.

Shareholders are encouraged to review the attached materials and participate in the EOGM to voice their opinions and vote on the proposed changes.