Lahore: Descon Oxychem Limited has announced an Extraordinary General Meeting (EOGM) set for Tuesday, February 24, 2026, at 10:00 am, to be held at the company's headquarters located at 18-Km Ferozepur Road, Lahore. The meeting is primarily convened to elect seven directors for the company, who will serve a term of three years starting February 28, 2026.
The agenda includes confirming the minutes from the last Annual General Meeting held on October 22, 2025, and electing seven directors as determined by the Board of Directors, in accordance with Section 159 (1) of the Companies Act, 2017. The current directors up for re-election are Mr. Faisal Dawood, Mr. Taimur Dawood, Mr. Farooq Nazir, Mr. Muhammad Zahir, Mrs. Mehreen Dawood, Mr. Imran Anwer, and Mr. Asif Qadir.
Shareholders are informed that the share transfer books will be closed from February 17 to February 24, 2026, to facilitate voting at the EOGM. Physical transfer requests and CDS transaction IDs must be submitted to the company's share registrar, Corplink Pvt. Ltd., by the designated deadline.
According to information available from the Pakistan Stock Exchange (PSX), the meeting will allow shareholders to participate through a video link. The facility will open at 09:45 am on the day of the meeting, and attendees are required to authenticate their identities using their original CNIC or passport.
The EOGM also allows for proxy representation, wherein shareholders may appoint another member to attend and vote on their behalf, given that the proxy form and relevant documents are submitted at least 48 hours prior to the meeting. The company has provided an e-voting/postal ballot option, coordinated by Corplink Pvt. Ltd., in case the number of directorial candidates exceeds the available positions.
The event underscores Descon Oxychem Limited's commitment to maintaining governance and shareholder engagement as stipulated in the Companies Act, 2017.