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HomeFinanceStock MarketSYSTEM LIMITED: INCREASING BUSINESS BY INCREASING AUTHORIZED CAPITAL

SYSTEM LIMITED: INCREASING BUSINESS BY INCREASING AUTHORIZED CAPITAL

System Limited (Company) ke Board of Directors ne Company ke Authorized Share Capital ko Rs.4,000,000,000/- (Pak Rupees 4 Billion) divided into 400,000,000 ordinary shares of Rs.10/- each se Rs.980,000,000,000/- (Pak Rupees Nine Hundred eighty Billion) tak Increase karnay ka faisla kiya hai aur ye changes Company ke Memorandum of Association ke mutabiq members ki ijaazat se ki jaengi.

Board ne Company ke Members ki ijazat ke saath Company ke Memorandum and Articles of Association mein reserves ke capitalization se related changes karne ke liye bhi recommend kiya hai.

Chief Executive Officer aur Chief Financial Officer aur Company Secretary Company ko Authorize kiya gaya hai ke wo sabhi necessary steps len aur documents execute karein, jismein legal aur corporate formalities shamil hain, aur Securities & Exchange Commission of Pakistan ke saath sabhi necessary documents file karein, jo resolutions ko pura karne ke liye zarori ya munasib ho.

Notification ke mutabiq Company ke shareholders ki Extraordinary General Meeting Friday, 23 June 2023 ko 11:00 AM announce ki hai.

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