Fauji Fertilizer Company Limited (FFCL) has announced plans to acquire the remaining 25% shareholding in its associated company, FFBL Power Company Limited (FPCL), from its parent entity, Fauji Foundation, via a share-swap arrangement.
FFCL disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Tuesday.
“We wish to inform the exchange of the decision of the Board of Directors of FFCL, who at their meeting held on November 10, 2025, have approved to recommend for shareholders’ approval, the investment, by way of acquisition of 214,687,500 ordinary voting shares (representing 25% of the paid up capital) of an associated company, i.e. FFBL Power Company Limited, from the company’s parent entity, Fauji Foundation (FF), and in consideration whereof, issue 15,914,566 further ordinary shares of the company to FF, by way of other than right offer,” read the notice.
The transaction, which remains subject to shareholders’ and regulatory approvals, will be presented at an Extraordinary General Meeting (EOGM) scheduled for December 8, 2025.
During the meeting, shareholders will also consider approving an investment in another associated company, Agritech Limited, and certain amendments to the Articles of Association of FFCL, the company said.
Following the completion of the transaction, FPCL shall become a wholly owned subsidiary of FFCL, as FFCL already holds 644,062,500 ordinary shares in FPCL, representing approximately 75% of the issued and paid-up capital of FPCL. Following the transaction, FFCL shall hold 858,750,000 ordinary shares representing 100% of the issued and paid-up capital of FPCL.
As a result, Fauji Foundation’s shareholding in FFCL will rise to approximately 44.14%, or 635.17 million shares.
“It may be noted that the proposed transaction is an internal restructuring/reorganisation exercise between group companies, where FPCL is a subsidiary of FFCL, and FFCL is a subsidiary of FF,” read the notice.
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