Premier Cement EGM approves amalgamation with National Cement and Premier Power

Premier Cement Mills PLC convened its Extra-Ordinary General Meeting (EGM) on Wednesday (21 May) at City Hall, Agrabad Access Road, Chattogram. 

The meeting was chaired by Mohammad Mustafa Haider, chairman of the Company.

The EGM was held pursuant to the order dated 24 March 2025 issued by the High Court Division of the Supreme Court of Bangladesh in Company Matter No. 523 of 2025. 

Shareholders reviewed and unanimously approved the Scheme of Amalgamation concerning the merger of Premier Power Generation Limited and National Cement Mills Limited (the "Transferor Companies") with Premier Cement Mills PLC (the "Transferee Company"), under Section 228 read with Section 229 of the Companies Act, 1994. 

The scheme provides for the transfer and vesting of the entire undertakings of the Transferor Companies as going concerns into the Transferee Company, with Premier Cement Mills PLC continuing as the surviving entity.

Managing Director Mohammed Amirul Haque responded to questions from shareholders and presented an outline of the rationale and expected outcomes of the amalgamation.

The meeting was attended by Directors Md. Alamgir Kabir and 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.

M. Shaifur Rahman Mazumdar, FCA, FCMA, managing director of the Chittagong Stock Exchange, addressed the assembly as a special guest. He urged sincere industrialists to list their enterprises in support of broader capital market development.

The proceedings concluded with a vote of thanks delivered by Director Md. Alamgir Kabir.