Karachi July 9 2024: Shareholders of Dost Steel in Annual General Meetings held yesterday approved the increase in Authorized Share Capital of the Company by three times.
Authorized Share Capital of the Company increased from PKR 4,450,000,000 (Rupees Four Billion Four Hundred Fifty Million) divided into 445,000,000 ordinary shares of PKR 10 (Rupees Ten) each to PKR 15,000,000,000 (Rupees Fifteen Billion) divided into 1,500,000,000 ordinary shares of RS.10each (Rupees Ten) each by creation of additional 1,055,000,000 ordinary shares PKR 10 (Rupees Ten) each and consequent alteration in the Memorandum and Articles of Association of the Company subject to approval of the members.
Dost Steel Limited was incorporated in Pakistan on March 19, 2004 as a private limited company under the Companies Ordinance, 1984 now the Companies Act, 2017. The principal business of the company includes manufacturing of steel, direct reduced iron, sponge iron, hot briquetted iron, carbon steel, pig iron and special alloy steel in different forms, shapes and sizes and any other product that can be manufactured within the existing facilities.
