Karachi: The shareholders of Arif Habib Corporation Limited convened for an Extra-Ordinary General Meeting on April 10, 2026, at the Stock Exchange Building, Karachi, approving significant investment resolutions. The meeting, held at 11:30 a.m., witnessed the passage of resolutions concerning special business investments in associate companies.

In compliance with the Pakistan Stock Exchange (PSX) regulations, the resolutions were passed by the requisite majority of shareholders attending in person, via proxies, or through e-voting and postal ballots. According to information available from the Pakistan Stock Exchange (PSX), the certified true copies of the resolutions passed during the meeting have been documented.

The shareholders ratified the minutes of the company’s Thirty First Annual General Meeting, which occurred on October 24, 2025, and authorized the Chairman to confirm these minutes by signing them. Special resolutions were approved to sanction investments in associated companies and undertakings. The company allocated Rs. 40 billion for investment in PIA Equity Limited, valid for around one year, and Rs. 1 billion for Javedan Corporation Limited, valid for up to three years. These investments may take various forms, including equity, loans, advances, and other financial instruments, with the possibility of renewal for further periods.

The Chief Executive, along with designated directors and officers, received authorization to undertake all necessary actions and negotiations to effectuate these investment resolutions. This includes executing essential agreements and handling any ancillary matters related to the investment process.