Lakki Marwat: Lucky Cement Limited held an Extraordinary General Meeting on March 18, 2025, at its registered office in Pezu, District Lakki Marwat, Khyber Pakhtunkhwa, where significant resolutions were adopted to alter the company's share structure.

In compliance with Clause 5.6.9(b) of the PSX regulations, the resolutions were officially documented, marking their immediate effect. The meeting, guided by Section 85 of the Companies Act, 2017, and Article 34 of the Articles of Association, saw the decision to subdivide the company's existing capital. Each ordinary share with a face value of Rs. 10 is now subdivided into five ordinary shares of Rs. 2 each, maintaining existing rights and privileges.

The authorized capital of Lucky Cement has been restructured from 500 million ordinary shares of Rs. 10 each to 2.50 billion ordinary shares of Rs. 2 each. This change necessitated an amendment to Clause V of the Company's Memorandum of Association. Furthermore, the issued and paid-up capital has been subdivided from 293 million ordinary shares of Rs. 10 each to 1.465 billion ordinary shares of Rs. 2 each.

According to information available from the Pakistan Stock Exchange (PSX), the resolutions empower the Chief Financial Officer or the Company Secretary to execute all necessary steps to implement these changes. This includes closure announcements of Members' Registers, setting effective dates, and facilitating the issuance and credit of new physical and electronic shares.

The resolutions aim to ensure compliance with corporate and legal formalities, reflecting the company's commitment to regulatory adherence and market requirements within the designated market category.