Mughal Energy Limited (GEM) has announced a significant decision by its Board of Directors to increase the company's authorized capital, pending approval at the upcoming Annual General Meeting.
- The authorized capital will rise from PKR 2,500.00M to PKR 4,500.00M.
- This increase will allow for the issuance of up to 400,000,000 ordinary shares, maintaining the number of preference and Class B shares.
- The decision was made on September 17, 2026, and reflects the company's growth strategy.
- The move is expected to enhance the company's financial flexibility and support future expansion plans.