Rawalpindi: Fauji Fertilizer Company Limited is set to hold its Extraordinary General Meeting (EOGM) on December 8, 2025, at its Rawalpindi headquarters. The meeting, scheduled for 1400 hours, will also be accessible via video conferencing, allowing broader participation.
The company has announced the closure of its share transfer books from December 1 to December 8, 2025, inclusively. Share transfers received at the FFC Share Registrar by the close of business on November 28, 2025, will be processed in time for entitlements related to the EOGM.
The agenda for the meeting includes the confirmation of minutes from the 47th Annual General Meeting held on March 25, 2025, and several special business items. Notably, the shareholders will consider the acquisition of 214,687,500 ordinary voting shares, constituting 25% of the paid-up capital, of FFBL Power Company Limited from the parent entity, Fauji Foundation. In return, Fauji Fertilizer Company will issue 15,914,566 additional ordinary shares to the Fauji Foundation.
According to information available from the Pakistan Stock Exchange (PSX), the proposed transaction is structured as an investment in associated companies, in line with sections 199, 208, and 83(1)(b) of the Companies Act, 2017, and relevant regulations. The transaction awaits requisite regulatory approvals, including from the Securities and Exchange Commission of Pakistan (SECP).
Further on the agenda is the authorization and ratification of investments in Agritech Limited, an associated company. The proposed investments include acquiring securities up to an aggregate amount of PKR 20 billion and providing loans or advances up to PKR 2 billion. These transactions align with the company's strategic objectives and regulatory frameworks.
The meeting will also address proposed amendments to the Articles of Association, affecting several articles related to share notifications, issuance, and capitalization.
The EOGM will enable the company to transact additional business, with the agenda allowing for discussion on other matters with the chair's permission. Meeting participation is facilitated through video conferencing at locations in Lahore and Karachi, contingent upon sufficient shareholder interest.
Members intending to appoint proxies or attend the meeting in person must adhere to guidelines issued by the Securities and Exchange Commission of Pakistan, ensuring compliance with identity verification procedures.
In the designated market category, the company's strategic investments and corporate governance measures highlight its focus on enhancing shareholder value and operational efficiency.