Material information of Dewan Cement Limited

Karachi, Dewan Cement Limited informed Pakistan Stock Exchange that the Board of Directors of the Company in their meeting held on September 30, 2016 at Karachi, they had decided in the last meeting the increase in authorized capital of the Company from 5,000,000,000/- to 8,500,000,000/- but unfortunately the communication with the Pakistan Stock Exchange was Rs. 7,500,000,000 in regards the board of directors of the Company have directed the Company secretary to communicate to the relevant authorities the increase in the authorized capital of the Company from Rs. 5,000,000,000/- dividend into 500,000,000 ordinary shares of Rs. 10/- each to 8,500,000,000/- dividend into 850,000,000 ordinary shares of Rs. 10/- each and to effectuate consequent alteration in the memorandum and articles of association of the Company

Dewan Cement Limited was incorporated in Pakistan as a public limited company in March, 1980. The foundations of the company have been laid under the Companies Ordinance, 1984. The principal activity of the company is manufacture and sale of cement. The company has two production facilities at Karachi and Khyber Pakhtunkhwa. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Karachi.

The symbol “DCL” is being used by the stock exchanges for the shares of Dewan Cement Limited.