📈 Material News · MLCF Maple Leaf Cement Factory Limited has announced the approval of a Scheme of Arrangement for the merger with Pioneer Cement Limited (PIOC), pending shareholder and court approvals.
- The Board of Directors approved the merger in a meeting held on September 2, 2026.
- The merger involves the amalgamation of PIOC's entire undertaking with Maple Leaf Cement.
- Shareholders of PIOC will receive 136,167,857 ordinary shares of Maple Leaf, based on a swap ratio of 2.65 shares of Maple Leaf for every 1 share of PIOC.
- The effective date of the merger is set for July 1, 2026.
- A joint petition regarding the Scheme will be filed with the Lahore High Court in due course.
- The merger is expected to enhance Maple Leaf's market position and operational capacity.
About this brief: prepared automatically by BSL’s research systems from the company’s filing with the exchange. A summary for information, not investment advice — the original filing is the authoritative record.
Original filing (PDF)