Fauji Fertilizer Company Limited (FFCL) has announced its plan to acquire the remaining 25% shareholding in its associated company, FFBL Power Company Limited (FPCL), from its parent organization, Fauji Foundation, through a share swap arrangement.
The information was disclosed in a notice submitted to the Pakistan Stock Exchange (PSX) on Tuesday.
According to the notice, the FFCL Board of Directors, in its meeting held on November 10, 2025, decided to recommend for shareholders’ approval the acquisition of 214,687,500 ordinary voting shares of FFBL Power Company Limited—representing 25% of its paid-up capital—from Fauji Foundation. In exchange, FFCL will issue 15,914,566 additional ordinary shares to Fauji Foundation, excluding the rights issue.
The proposed transaction will require shareholder and regulatory approvals, and will be presented during the Extraordinary General Meeting (EOGM) scheduled for December 8, 2025.
During the same meeting, shareholders will also approve further investment in another associated company, Agritech Limited, as well as proposed amendments to FFCL’s Articles of Association.
Once the transaction is completed, FPCL will become a 100% wholly owned subsidiary of FFCL. FFCL already owns 644,062,500 shares in FPCL, representing around 75% of its issued and paid-up capital. After the acquisition, FFCL will hold 858,750,000 ordinary shares, representing 100% ownership.
As a result of the share swap, Fauji Foundation’s shareholding in FFCL will increase to approximately 44.14%, equivalent to 635.17 million shares.
