Lahore: Pioneer Cement Limited has announced its plans to hold an Extraordinary General Meeting (EOGM) on October 19, 2026, at its registered office located at 64-B/1 Gulberg-III, Lahore. The meeting will commence at 3:00 PM, in compliance with an order from the Lahore High Court. This announcement comes as the company prepares to discuss a significant merger with Maple Leaf Cement Factory Limited.

The decision to convene the EOGM follows a court order dated September 10, 2026, which supports the management's initiative to merge Pioneer Cement's entire operations with Maple Leaf Cement. The merger proposal, approved by Pioneer Cement's Board of Directors on September 2, 2026, is part of a Scheme of Arrangement that necessitates shareholder consent to proceed.

According to the announcement, the company’s share transfer books will remain closed from October 13, 2026, to October 19, 2026. Transfers received by the close of business on October 12, 2026, at the company’s share registrar, M/s. Corplink (Private) Limited, will be considered timely for entitlements related to the meeting.

The merger, as outlined in the meeting’s agenda, will involve the amalgamation of Pioneer Cement's entire undertaking into Maple Leaf Cement Factory Limited. Shareholders will vote on the resolution, which is subject to potential modifications by the Lahore High Court.

According to information available from the Pakistan Stock Exchange (PSX), the designated market category for this transaction highlights its significance within the region's industrial sector. The merger aims to streamline operations and consolidate the competitive edge of both entities in the cement industry.

Shareholders are encouraged to review the Scheme of Arrangement and accompanying documents, which are available for inspection at the company's registered office during business hours and on the company's official website. Members entitled to attend the EOGM can appoint proxies, provided the proxy forms are submitted 48 hours before the meeting.

The outcome of this EOGM is anticipated to have a substantial impact on both companies' futures, potentially altering market dynamics in the cement manufacturing sector.