Karachi: In its annual general meeting held on December 30, 2025, TPL Corp Limited approved several significant resolutions, including the adoption of its financial statements and authorization for substantial investments in its subsidiaries and associated companies. The meeting saw the shareholders’ approval of the minutes of the Extraordinary General Meeting that took place on June 13, 2025, alongside the adoption of the company’s annual audited financial statements for the year ending June 30, 2025.
The meeting also confirmed the reappointment of M/s. Grant Thornton Anjum Rahman, Chartered Accountants, as the auditors for the next fiscal year ending June 30, 2026. This decision follows the recommendation of the company’s Audit Committee and the consent of the auditors themselves.
In special business matters, the shareholders authorized TPL Corp to make an equity investment of up to 350 million rupees and extend an advance of up to 150 million rupees to its subsidiary, TPL Life Insurance Limited. Furthermore, an advance of up to 500 million rupees was approved for its holding company, TPL Holdings (Private) Limited, and for its subsidiary, TPL Trakker Limited.
According to information available from the Pakistan Stock Exchange (PSX), TPL Corp also received approval to invest or advance funds in several associated and subsidiary companies. This includes up to 250 million rupees for TPL E-Venture (Private) Limited, 150 million rupees for TPL Security Services (Private) Limited, and 50 million rupees for TPL REIT Management Company Limited. Additionally, advances of up to 200 million rupees were approved for TPL Insurance Limited and TPL Properties Limited.
Further resolutions included authorizations for advances up to 50 million rupees each to Astra Location Services (Private) Limited and TPL Property Management (Private) Limited. The financial maneuvering is part of TPL Corp’s strategic investment and growth plans for its diverse portfolio across various sectors.
These resolutions were passed under the guidelines of Section 199 of the Companies Act, 2017, reflecting the company’s commitment to expanding its investment footprint and fostering growth within its associated and subsidiary entities.