Pioneer Cement shareholders approve amalgamation with Maple Leaf Cement Factory
AGM / EGMPioneer Cement Limited filed certified copies of resolutions unanimously passed at its extraordinary general meeting held on October 19, 2026. Shareholders approved the scheme of arrangement for amalgamation of Pioneer Cement’s undertaking into Maple Leaf Cement Factory Limited, subject to any modification required by the Lahore High Court, and authorized the CEO and/or Company Secretary to implement the scheme.
Key Findings
- The EOGM was held on October 19, 2026 at 3:00 AM p.m.
- Shareholders unanimously approved the scheme of arrangement dated September 2, 2026 for the amalgamation of Pioneer Cement Limited with and into Maple Leaf Cement Factory Limited.
- The scheme is subject to any modification required by the Lahore High Court, Lahore.
- The CEO and/or Company Secretary was authorized to take steps for implementation and completion of the scheme.
Meeting Details
Meeting
Extraordinary general meeting
Date
19/10/2026, 3:00 PM
Meeting Details
Agenda
- Consider and approve the merger by way of amalgamation of Pioneer Cement Limited’s undertaking with and into Maple Leaf Cement Factory Limited under the Scheme of Arrangement.
Resolutions
- Unanimously approved and adopted the Scheme of Arrangement dated September 2, 2026 for the merger/amalgamation of the entire undertaking of Pioneer Cement Limited with and into Maple Leaf Cement Factory Limited, subject to any modification required by the Lahore High Court, Lahore.
- Authorized the Chief Executive and/or Company Secretary, singly, to take steps and measures for implementation and completion of the Scheme of Arrangement.
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.
