Fast Cables board proposes using Rs 747m surplus IPO funds for working capital
Fast Cables Limited's (PSX:FCL) board has recommended that shareholders approve the use of Rs 747.763mn in surplus IPO proceeds, together with Rs 328.976mn in returns earned on them, towards working capital, and the sale of its Lahore factory buildin
September 21, 2026 (MLN): Fast Cables Limited's (PSX:FCL) board has recommended that shareholders approve the use of Rs 747.763mn in surplus IPO proceeds, together with Rs 328.976mn in returns earned on them, towards working capital, and the sale of its Lahore factory building to a director and related party for not less than Rs 300mn. Both proposals will be placed before shareholders as special resolutions at the c...