Rawalpindi: Askari General Insurance Company Limited has announced its Board of Directors' decision to recommend a significant change in the company's authorized share capital. This development was disclosed in a meeting held in August 2025. The company plans to increase its authorized share capital from Rs. 1 billion, divided into 100 million ordinary shares, to Rs. 2 billion, divided into 200 million ordinary shares. This decision requires amendments to Clause V of the Memorandum of Association and Article 3 of the Articles of Association.

An Extra Ordinary General Meeting (EOGM) is scheduled for August 29, 2025, at 10:30 a.m. at the company's head office located at AWT Plaza, The Mall, Saddar, Rawalpindi, Pakistan. The meeting aims to secure members' approval for the proposed changes. The Share Transfer Books of the company will be closed from August 23 to August 29, 2025, inclusive. Transfers received in order at the company's registrar, M/S THK Associates (Private) Limited, by the close of business on August 22, 2025, will be considered timely for the purposes of the EOGM.

According to information available from the Pakistan Stock Exchange (PSX), the proposed increase in share capital represents a very large or significant move for the company. The notice of the EOGM will be communicated to all stakeholders within the stipulated time frame. Askari General Insurance falls under the insurance sector market category.