Systems : Outcome of Board Meeting Other Than Financial Results
June 01, 2023 at 12:36 am EDT
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May 31, 2023
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building,
Stock Exchange Road,
Karachi
Subject: Board Meeting Other Than Financial Results
To whom it may concern,
We would like to inform you that the Board of Directors of the Company in its meeting held on Wednesday, May 31, 2023 have reviewed and approved to increase the Authorized Share Capital of the Company from PKR 4,000,000,000 divided into 400,000,000 shares to PKR 9,800,000,000 divided into 980,000,000 shares.
You may please inform the TRE Certificate Holders of the Exchange accordingly.
For and behalf of Systems Limited,
__________________
Ali Ahmed Iftikhar Company Secretary
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Systems Ltd. published this content on 01 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 June 2023 04:35:08 UTC.
Systems Limited is a Pakistan-based company, which is s principally engaged in the business of software development, trading of software and business process outsourcing services. The Company operates in four geographical segments: North America, Europe, Middle East, Africa and Others, and Pakistan. Its products include Partner Communication, Middleware Connector, Retail Analytics, HauteLogic, SysHCM and TrIPS. The Company provides a range of services, including consulting, implementation, managed services, and business process outsourcing. It serves a range of industries, including retail, financial services, public sector, insurance, healthcare, real estate, logistics, food services, transportation, oil and gas, education and telecommunication. The Company provides various solutions, including digital commerce, business applications, data management and analytics, business process outsourcing, cloud services, application development, and security.