Listed company Intraco Refueling has decided to issue shares under an amalgamation process in order to increase its paid-up capital according to sources at the Dhaka Stock Exchange (DSE).
The approval has been granted in line with the amalgamation order issued in Company Matter No. 462 of 2023 by the High Court Division of the Supreme Court of Bangladesh, as well as the consent letter dated March 12, 2026, from the Bangladesh Securities and Exchange Commission (BSEC) (Ref: BSEC/CFD/CRD/M&T-01/2025/701).
As part of the process, three subsidiaries of Intraco Refueling Station M. Hye & Co. CNG Refueling Station Limited, Nessa & Sons Limited, and Good CNG Refueling Station Limited will be merged with the parent company. In exchange, the company will increase its paid up capital through the issuance of ordinary shares.
To implement the scheme of amalgamation, the company’s board of directors has approved May 21, 2026, as the record date.
