Karachi, Flying Cement Company Limited informed Pakistan Stock Exchange that the Board of Directors in their meeting held February 25, 2020 at Lahore has decided to increase the Authorized Share Capital of the Company from Rs 2,000,000,000/- divided into 200,000,000/- Ordinary Shares of Rs 10/- each toR 4,000,000,000, divided into 400,000,000 Ordinary shares of Rs 10/- each and also decided to call Extraordinary General Meeting of the Company.
Flying Cement Company Limited formerly known as Zaman Cement Company Limited was incorporated in Pakistan on December, 1992 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The main objective of the company is manufacture and sale of cement. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located at Lahore. The factory is located in Mangowal and it comprises of land in excess of 121 acres.
The company has a single kiln having an installed capacity of 4000 tons per day of clinker using the dry process technology. The rated capacity of the plant is 1,260,000 metric tons of cement per annum.
The symbol “FLYNG” is being used by the stock exchanges for the shares of Flying Cement Company Limited.