Lahore: Shareholders of Maple Leaf Cement Factory Limited convened at the company's registered office on Lawrence Road for their annual general meeting on September 17, 2026. During the meeting, significant special resolutions were passed, reflecting the company's strategic financial decisions for the coming year.
According to the resolutions, Maple Leaf Cement Factory Limited has been authorized to extend loans and advances to two associated companies. The first resolution allows for an investment of up to Rs. 2.00 billion to Kohinoor Textile Mills Limited, the holding company. This financial facility, approved under Section 199 of the Companies Act, 2017, is set for one year, from September 18, 2026, to September 17, 2027, with a mark-up rate set at one percent above the three-month ILIBOR or the company's average borrowing cost, whichever is higher.
Additionally, a similar investment of up to Rs. 2.00 billion was sanctioned for Maple Leaf Capital Limited, an associated company, under identical terms and conditions. These resolutions follow a previous authorization granted on October 16, 2025, which allowed for an aggregate facility of Rs. 1.00 billion, valid until October 31, 2026.
The company also ratified transactions with related parties disclosed in the unconsolidated financial statements for the year ending June 30, 2026. Furthermore, the board received authorization to approve related party transactions on a case-to-case basis for the financial year ending June 30, 2027. These transactions will be presented for formal ratification at the next annual meeting.
According to information available from the Pakistan Stock Exchange (PSX), these resolutions reflect Maple Leaf Cement's proactive approach in leveraging its financial capabilities to support affiliated entities while ensuring compliance with regulatory frameworks.
The meeting concluded with the empowerment of the company's Chief Executive Officer and Secretary to execute necessary corporate and legal formalities related to these financial transactions.