Lahore: Shareholders of WorldCall Telecom Limited (WTL) are set to convene for the company’s 26th Annual General Meeting (AGM) scheduled for April 30, 2026, at the registered office in Lahore. The meeting will address both ordinary and special business, including election of directors and significant corporate restructuring proposals.

During the ordinary business proceedings, shareholders will confirm the minutes from the previous AGM held on April 30, 2025. They will also review and adopt the company’s annual audited financial statements for the year ending December 31, 2025. The Board has recommended the reappointment of M/s Tariq Abdul Ghani & Co. as auditors for the upcoming fiscal year.

An important agenda is the election of eight directors for a three-year term beginning May 31, 2026. The retiring directors eligible for re-election include Mr. Mehdi Mohamed Jawad Abdullah Al Abduwani, Dr. Syed Salman Ali Shah, Mr. Muhammad Shoaib, Mr. Babar Ali Syed, Mr. Muhammad Azhar Saeed, Mr. Mubasher Lucman, Mrs. Hina Babar, and Mr. Tariq Hasan.

Significant proposals are slated under special business. Shareholders will consider renaming the company to WorldCall Technologies Limited, pending regulatory approvals. Expansion plans include establishing international operations in the UAE and acquiring interest in a Dubai-based entity.

According to information available from the Pakistan Stock Exchange (PSX), these changes align with the company’s strategic goals to enhance its market position and operational reach. The AGM will also deliberate on extending the Mandatory Conversion Date of Convertible Preference Shares to December 31, 2030.

Further proposals include the rearrangement and reclassification of authorized share capital and a substantial reduction of the share capital by approximately 90%. A proposed sub-division of shares reducing nominal value from PKR 10 to PKR 1 per share is contingent on prior approvals.

Shareholders can register for video conference participation or appoint proxies for the meeting. The share transfer books will be closed from April 23 to April 30, 2026, as per the company’s guidelines.