KARACHI: Amreli Steels Limited has announced that its Board of Directors has approved a proposal to increase the company’s authorized share capital from Rs5 billion to Rs8 billion, subject to shareholders’ approval through a special resolution. The decision was taken during the Board meeting held on April 28, 2026.
According to the company’s notification submitted to the Pakistan Stock Exchange (PSX), the proposed increase represents a 60% expansion in the authorized share capital, providing the company with greater financial flexibility to support future growth initiatives and capital requirements.
To implement the proposal, Amreli Steels will amend the relevant clauses of its Memorandum of Association and Articles of Association, following the necessary regulatory and shareholder approvals.
The company stated that the proposal will be presented to shareholders for approval at an upcoming Extraordinary General Meeting (EOGM). Details regarding the date, venue, and agenda of the meeting will be communicated separately in due course.
An increase in authorized share capital does not immediately result in the issuance of new shares. Instead, it raises the maximum amount of share capital the company is legally permitted to issue in the future, enabling it to pursue expansion opportunities, strengthen its capital base, or finance strategic initiatives when needed.
The disclosure was made in compliance with the Securities Act, 2015 and the Pakistan Stock Exchange Rule Book as part of the company’s material information obligations.
