According to this decision, Dr. Rajan Mahtani holds 58 percent shares at the Zambezi Portland Cement. The majority shareholding means Dr. Mahtani is the actual owner of the factory. Follow Us On Facebook - https://www.facebook.com/drrajanmahtani/ https://www.facebook.com/zambiaportlandcement/ Twitter - https://twitter.com/People_Zambia

1. case reaches Court of Appeal and
receives quick judgement with
significant evidences
Dr. Rajan Mahtani’s

2. Portland Cement Zambia case is finally over after
more than a decade of case proceedings

3. It is Dr. Rajan Lekhraj Mahtani who finally won this
case

4. The case was won at the higher Court of Appeal

5. The final stakeholder came from justice
Mwinde on 31st January 2019

6. According to this decision, Dr. Rajan Mahtani holds 58
percent shares at the Zambezi Portland Cement

7. The majority shareholding means Dr. Mahtani is the
actual owner of the factory

8. To arrive at this decision, several evidences
and testimonials were evaluated

9. It was found that Dr. Rajan
Mahtani paid 1 billion
kwachas to the Zambezi
Portland Cement

10. This amount is equivalent to USD 250,000 and
covered the share capital value
which Dr. Mahtani owned

11. The details
were further
found on the
page 663 of
the original
Shareholders’
Agreement

12. In this page,
it was confirmed that
Dr. Mahtani has made all
required payment for
owning ZPC shares

13. Dr. Mahtani
does not owe any more
costs associated with
the factory’s share
transfers

14. The evidences also confirmed that
electronic affixing of signatures was a
common and accepted practice at the
Zambezi Portland Cement

15. As such, all forgery related details were
discarded by the judge.

16. Dr. Mahtani is now the actual owner with
majority shareholding of the ZPC factory

17. Justice Mwinde from
higher Court of Appeal
also condemned the
Lusaka High Court judge
for the latter’s wrong
judgement on the case.