Peshawar: Frontier Ceramics Limited has announced that its 44th Annual General Meeting will take place on October 28, 2026, at 9:00 A.M. The meeting will be held at the company's premises located at 29-Industrial Estate, Jamrud Road, Peshawar, with provisions for electronic participation via video-link. The agenda includes a mix of ordinary and special business, with several key resolutions set for discussion and approval.
In the ordinary business segment, shareholders will be asked to confirm the minutes from the Extra Ordinary General Meeting held on March 16, 2026. The meeting will also cover the reception, consideration, and adoption of the Annual Audited Financial Statements for the fiscal year ending June 30, 2026, alongside the Chairman's Review, Directors', and Auditors' reports. These documents are accessible on the company's website, in accordance with Section 223(7) of the Companies Act, 2017.
The appointment of auditors for the next fiscal year will also be addressed, with the board recommending the reappointment of M/s Crowe Hussain Chaudhry & Co., Chartered Accountants, who have expressed their willingness to continue in the role.
Special business items on the agenda include a resolution for member approval regarding transactions with related parties and associated companies for the year ending June 30, 2026. Noteworthy transactions include a loan received of 47.00 million from Toyota Rawal Motors (Pvt) Ltd and an advance received totaling 1.05 billion from Khalid & Khalid Holdings (Pvt) Ltd. The board has also proposed extending a loan amount up to 1.20 billion to Khalid & Khalid Holdings (Pvt) Limited, with an interest rate of one-year KIBOR plus 3.25%, for a term of three years.
According to information available from the Pakistan Stock Exchange (PSX), the meeting will address an extension of the payment date associated with the withdrawal of a land sale agreement, originally dated January 08, 2021. The new extended payment deadline for 200 million is set for June 25, 2027, as per mutual agreement with the counterparty. This extension follows member approval during the previous Annual General Meeting.
The meeting will conclude with the consideration of any other business that may arise with the chair's permission. A statement under Section 134(3) of the Companies Act 2017, related to the special business, accompanies the notice sent to shareholders.