Karachi: Amreli Steels Limited, a prominent entity in the construction materials sector, has announced a significant increase in its authorized share capital by Rs.3 billion. This decision was finalized during the company's Extraordinary General Meeting held on June 17, 2026, at the Institute of Chartered Accountants of Pakistan in Karachi.

The shareholders' approval has raised the authorized share capital of Amreli Steels Limited from Rs.5 billion to Rs.8 billion. The increase involves an elevation in the number of ordinary shares from 420 million to 720 million, while the cumulative preference shares remain unchanged at 80 million. According to the resolutions passed, the amendments to the Memorandum and Articles of Association of the company reflect these changes.

According to information available from the Pakistan Stock Exchange (PSX), this move is part of Amreli Steels Limited's strategic efforts to enhance its financial flexibility and align with its future growth plans. The company's ordinary shares, once issued, will maintain equal voting rights and rank pari passu with the existing shares, ensuring uniformity in shareholder privileges.

The resolutions further empower the Chief Executive Officer, Chief Financial Officer, and Company Secretary to undertake necessary actions, including regulatory filings with the Securities and Exchange Commission of Pakistan, to implement these changes effectively.