The Extra-Ordinary General Meeting (EGM) of Premier Cement Mills PLC was successfully held at City Hall, Agrabad Access Road, Chattogram on Wednesday, under the chairmanship of Mohammad Mustafa Haider, Chairman of the Company.
The meeting was convened in accordance with the order dated 24 March 2025 passed by the High Court Division of the Supreme Court of Bangladesh in Company Matter No. 523 of 2025.
During the meeting, shareholders considered and unanimously approved the Scheme of Amalgamation involving the amalgamation of Premier Power Generation Limited and National Cement Mills Limited (collectively the "Transferor Companies") with Premier Cement Mills PLC (the "Transferee Company"), in accordance with Section 228 read with Section 229 of the Companies Act, 1994, says a press release.
As per the scheme, the entire undertakings of the Transferor Companies as going concerns will be transferred to and vested in the Transferee Company, making Premier Cement Mills PLC the surviving entity. Managing Director Mohammed Amirul Haque addressed several queries raised by shareholders and provided a comprehensive overview of the objectives and implications of the amalgamation. Among others, the meeting was graced by Honourable Directors- Md. Alamgir Kabir, Mohammed Ershadul Hoque; Independent Directors-Fakhrul Islam and A K M Delwer Hussain, FCMA. Chief Financial Officer Md. Selim Reza, FCA, and Company Secretary Kazi Md. Shafiqur Rahman were also present at the meeting. Special Guest M. Shaifur Rahman Mazumdar, Managing Director of Chittagong Stock Exchange addressed the gathering and encouraged honest entrepreneurs to enlist their industries for the broader development of the capital market. The meeting concluded with a vote of thanks offered by Director Md. Alamgir Kabir.
