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Fauji Fertilizer Company Limited (FFCL) is set to acquire the remaining 25% shareholding of FFBL (Fauji Fertilizer Bin Qasim Limited) Power Company Limited (FPCL) from its parent organisation, Fauji Foundation. The company announced the move on Tuesday through a notice submitted to the Pakistan Stock Exchange (PSX). The acquisition will take place through a share-swap arrangement.
The notice read:
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.
According to the statement, Fauji Fertilizer’s Board of Directors approved the proposed investment on November 10, 2025. The company plans to acquire 214,687,500 ordinary voting shares of FPCL. These shares represent 25% of FPCL’s paid-up capital.
In return, FFCL will issue 15,914,566 new ordinary shares to Fauji Foundation. The issue will be made other than a right offer. The deal, however, still requires shareholders’ and regulatory approvals.
Fauji Fertilizer will present the transaction for approval at an Extraordinary General Meeting (EOGM) on December 8, 2025. During the meeting, shareholders will also review an investment in another associated company, Agritech Limited, along with certain amendments to FFCL’s Articles of Association.
FFCL already owns 644,062,500 shares of FPCL, which makes up 75% of the company’s issued and paid-up capital. After completing the transaction, FFCL will hold 858,750,000 shares, giving it 100% ownership of FPCL.
As a result of the share-swap, Fauji Foundation’s shareholding in Fauji Fertilizer will rise to approximately 44.14%, totalling 635.17 million shares.
Fauji Fertilizer described the transaction as an internal restructuring and reorganisation exercise among group companies. FPCL is a subsidiary of FFCL, while FFCL itself is a subsidiary of Fauji Foundation.
