Karachi: Calcorp Limited has initiated a postal ballot process to seek shareholder approval for a special resolution to acquire shares in Helios Resol Technology (Pvt.) Limited. According to the postal ballot paper dated September 9, 2025, the company aims to purchase 50,000 shares for a total sum of PKR 100,000.

The proposed acquisition is set to be formalized through special resolutions as outlined in the Companies Act, 2017. Shareholders are required to convey their assent or dissent via postal ballot by September 29, 2025, at 5:00 p.m. The ballot form must be duly completed and submitted to the company’s chairman either at the registered address or via the provided email. This initiative highlights Calcorp Limited’s strategic investment plans and engagement with its shareholders for decision-making.

According to information available from the Pakistan Stock Exchange (PSX), the proposed resolution empowers the Chief Executive Officer, Chief Financial Officer, and Company Secretary of Calcorp Limited to execute all necessary legal formalities related to the acquisition. This includes signing agreements and completing requisite documentation to facilitate the transaction.

The postal ballot process stipulates that any incomplete or incorrectly filled forms will be rejected. Shareholders are also reminded to ensure that their signatures on the postal ballot match those on their CNIC, NICOP, or Passport. This measure underscores the company’s emphasis on transparency and adherence to regulatory requirements in corporate governance.