Karachi: In a recent development within the cement industry, Flying Cement Company Limited has outlined significant decisions following its Board of Directors meeting held on March 26, 2025. The company’s strategic direction includes a focus on governance and operational expansion.

According to the announcement, the Board has fixed the number of directors at seven, who will be elected during an extraordinary general meeting scheduled for April 30, 2025. This meeting is set to determine the directors who will serve for the next three-year term. The company has indicated that notices for this meeting will be disseminated in due time.

In preparation for this meeting, Flying Cement Company Limited has decided to close its Share Transfer Books from April 23 to April 30, 2025. This closure period is intended to facilitate the process of attending and voting at the upcoming extraordinary general meeting.

A notable operational update from the company is the anticipated commissioning of its new production line, Line-II, which boasts a capacity of 9,000 tons per day (TPD). The company expects this milestone to be achieved in the fourth quarter of the financial year 2024-25.

According to information available from the Pakistan Stock Exchange (PSX), these decisions are aligned with the regulations set forth in the Securities Act, 2015, and the Rule Book of Pakistan Stock Exchange Limited, ensuring compliance and transparency for stakeholders and TRE Certificate Holders.

The designated market category for Flying Cement Company Limited remains a focal point for investors, as the company continues to expand its operational capabilities and refine its corporate governance structure.