Pioneer Cement board okays Rs4bn advances to MLCFL
Pioneer Cement Limited's (PSX:PIOC) Board of Directors has approved investment of up to Rs4bn as loans/advances to holding company Maple Leaf Cement Factory Limited (MLCFL).
July 29, 2026 (MLN): Pioneer Cement Limited's (PSX:PIOC) Board of Directors has approved investment of up to Rs4bn as loans/advances to holding company Maple Leaf Cement Factory Limited (MLCFL). The Board has authorised investment in the holding company in the form of loans/advances, under Section 199 of the Companies Act, 2017, subject to shareholders' approval, up to an aggregate sum of Rs4bn for a period of one y...