Amreli Steels to raise authorised capital to Rs8 billion

The board of Amreli Steels Limited has approved a proposal to increase its authorised share capital to Rs8 billion, subject to shareholder approval.

The decision was taken at a board meeting held on April 28, 2026, according to a notice submitted to the Pakistan Stock Exchange on Wednesday.

The company plans to raise its authorised capital from the current Rs5 billion to Rs8 billion through a special resolution to be presented at an extraordinary general meeting.

“The existing authorized share capital of the Company is Rs. 5,000,000,000 (Rupees Five Billion only), and the Board has proposed to increase the authorized share capital up to Rs. 8,000,000,000 (Rupees Eight Billion only),” read the notice. 

Following approval, the company will amend relevant clauses of its Memorandum of Association and Articles of Association in line with regulatory requirements.

Details regarding the extraordinary general meeting will be communicated to shareholders in due course.

Amreli Steels was incorporated in 1984 as a private limited company and converted into a public unquoted company in 2009. The company is mainly engaged in the manufacture and sale of steel bars and billets.