Karachi: Engro Holdings Limited has announced the convening of its 58th Annual General Meeting (AGM) on April 28, 2026, at the Karachi School of Business and Leadership. The agenda for the meeting includes a comprehensive review of the company’s financial statements, the appointment of auditors, the election of directors, and several significant proposals related to corporate governance and financial operations.
The AGM will address the adoption of the audited standalone and consolidated financial statements for the year ending December 31, 2025. Members will also vote on the re-appointment of M/s. A. F. Ferguson & Co. as auditors for the year 2026. The election of seven directors for a new three-year term commencing May 22, 2026, will also be on the agenda, with the current directors up for re-election.
In addition to ordinary business, the AGM will discuss special resolutions, including an intercompany loan approval for Dawood Lawrencepur Limited, amounting to PKR 7 billion. This loan, structured as a revolving line of credit, is set to be valid for one year from the date of the special resolution.
Moreover, the meeting will consider a share buyback proposal for up to 45 million shares, representing approximately 3.73% of the company’s total issued shares. This buyback is planned to occur through the Pakistan Stock Exchange Limited, adhering to the Listed Companies (Buy-Back of Shares) Regulations, 2019.
According to information available from the Pakistan Stock Exchange (PSX), these resolutions are part of a strategic approach by Engro Holdings Limited to optimize its financial structure and enhance shareholder value. The AGM will enable shareholders to evaluate and vote on these crucial business decisions, which are expected to impact the company’s future financial positioning.
Engro Holdings Limited’s AGM is an opportunity for shareholders to engage with the company’s leadership on strategic directions and corporate governance, reflecting the company’s commitment to transparency and shareholder engagement.