Nowshera: Cherat Cement Company Limited has announced the convening of an Extraordinary General Meeting (EOGM) on June 9, 2026, at its registered office in Nowshera. The meeting, scheduled to begin at 11:00 a.m., will also be accessible via video link conferencing, allowing broader participation.
The company’s Share Transfer Books will be closed from June 2 to June 9, 2026. Transfers received at CDC Share Registrar Services Limited’s office by the close of business on June 1, 2026, will be processed in time for the meeting. The notice of the EOGM is set to be published in the Business Recorder and Nawa-e-Waqt newspapers on May 19, 2026.
During the meeting, shareholders will deliberate on several key resolutions. A significant agenda item includes the proposal for a buy-back of up to 7,771,800 issued ordinary shares, representing 4% of the total issued shares. This buy-back will be conducted through the Pakistan Stock Exchange, as per the recommendation of the Board of Directors.
According to information available from the Pakistan Stock Exchange (PSX), shareholders will also vote on whether to authorize the company to invest up to PKR 300 million in its associated company, Cherat Packaging Limited, over a two-year period. This resolution seeks to enhance the company’s investment portfolio in associated undertakings.
In addition, the meeting will consider the authorization for Cherat Cement Company Limited to make an equity investment of up to PKR 500 million in a joint venture named CFS Minerals Private Limited. This move is aimed at broadening the company’s business ventures and leveraging new market opportunities.
Other procedural details for the meeting include instructions for proxy appointments and the provision of video conferencing facilities. Shareholders are required to complete necessary formalities for identification and verification to participate in the meeting. The designated market category for these activities reflects the company’s strategic focus on investment and expansion.
Furthermore, the company has outlined the procedure for e-voting and postal ballots. Shareholders will receive detailed instructions and necessary credentials for electronic voting, beginning June 3, 2026, ensuring their participation in these crucial decisions.
The resolutions proposed at this EOGM underscore Cherat Cement’s strategic initiatives to optimize shareholder value and expand its operational footprint.