Power Cement Limited Embarks on Strategic Reorganization Plan for Group Companies.

Karachi -- In a pivotal move, the Board of Directors of Power Cement Limited met on September 28, 2023, in Karachi and greenlit a strategic endeavor that could potentially reshape the future of the group's corporate landscape. The board has granted authorization to the management team to actively participate in evaluating and proposing terms for a comprehensive reorganization of the group's various subsidiary companies.

The primary objective behind this ambitious initiative is to explore and implement workable strategies aimed at fortifying the financial positions of the group's companies while also seeking tax efficiencies. This strategic restructuring endeavor seeks to strengthen the balance sheets of the group's entities, ultimately fostering a more robust and resilient financial structure.

As part of the process, the management team at Power Cement Limited will collaborate closely with their counterparts in the group to assess a range of potential options. These options will be meticulously...