At-Tahur Limited Board Recommends Increase in Authorized Capital, Implementation of QR Code Financial Statements, and Calls for Extraordinary General Meeting.

Karachi -- The Board of Directors of At-Tahur Limited (the "Company") held a meeting on May 30, 2023, where several significant resolutions were recommended.

Firstly, the board proposed an increase in the authorized capital of the company to Rupees 5,200,000,000. This capital will be divided into 520,000,000 shares of Rupees 10 each, consisting of both ordinary and preference shares.

The board also gained the power to adjust the company's capital, as well as the ability to categorize shares into different classes according to the provisions of the Companies Act, 2017. Mr. Rakish Elahi, Chief Executive Officer, and Mr. Humza Chaudhry, Company Secretary, were granted the authority to execute and implement the decisions related to this resolution, including signing documents and completing legal formalities.

In a move toward digitization, the board proposed the circulation of the annual audited financial statements to members and shareholders using Quick Response (QR) enabled codes and weblinks. This alternative method replaces the traditional distribution via CD/DVD/USB. The board's decision aligns...