Karachi: Dewan Cement Limited has scheduled an emergent meeting of its Board of Directors to address the conversion of an outstanding loan into equity. The meeting is set to take place on Friday, January 2, 2026, at 5:00 p.m. in Karachi, Pakistan. This significant agenda item involves the issuance of further shares by means other than rights under the stipulations of sub-section (1) of section 83 of the Act, 2017.

The company has also declared a Closed Period from December 30, 2025, to January 2, 2026, during which no Director, CEO, or Executive is permitted to engage in any dealings with the company’s shares, either directly or indirectly. This measure is enforced to maintain transparency and integrity during the period leading up to the board’s decision.

According to information available from the Pakistan Stock Exchange (PSX), the emergent meeting signifies a crucial step for Dewan Cement Limited as it navigates financial restructuring by potentially converting its debt obligations into equity. This move could have significant implications for the company’s financial standing and shareholder value.

The company has requested that TRE Certificate Holders of the Exchange be informed about this development. Dewan Cement Limited operates within the designated market category, and any outcomes from the forthcoming board meeting may influence its market dynamics.