Lahore: Hi-Tech Lubricants Limited has issued a pre-publication announcement concerning its upcoming 17th Annual General Meeting (AGM), scheduled to address special business resolutions. This announcement, dated October 16, 2025, details forthcoming newspaper advertisements regarding ballot papers, set to be published in the English Daily Business Recorder and the Urdu Daily Nawa e Waqt on October 17, 2025. These advertisements will inform stakeholders of the special business to be conducted at the AGM.
The resolutions pertain primarily to transactions with related parties, as well as the authorization of future transactions until the next AGM. A special resolution under Agenda No. 4 seeks ratification and approval of transactions with Sabra Hamida Trust (SHT), which included donations amounting to PKR 18 million under the company’s Corporate Social Responsibility (CSR) policy for the fiscal year ending June 30, 2025. Furthermore, the board of directors is seeking authorization to approve transactions with SHT up to PKR 30 million for the fiscal year ending June 30, 2026, extending until the next AGM.
According to information available from the Pakistan Stock Exchange (PSX), Hi-Tech Lubricants Limited is classified within the designated market category. The PSX data highlights the importance of these resolutions for shareholders, as they ensure transparency and compliance with corporate governance practices.
Under Agenda No. 5, the company also seeks approval for transactions with its wholly owned subsidiary, Hi-Tech Blending (Private) Limited (HTBL). These transactions include a sale of lubricants worth PKR 2,582,362, purchase of lubricants totaling approximately 6.98 billion, lease rentals paid amounting to PKR 3 million, a short-term loan of 512.80 million, and short-term loan repayment of the same amount, alongside interest received on short-term loans totaling PKR 36,714,195. The board seeks to authorize similar transactions with HTBL for the upcoming fiscal year, ensuring they are deemed approved until formally ratified at the next AGM.
Stakeholders are invited to exercise their votes on these resolutions through a postal ballot, conveying their assent or dissent. The resolutions and their outcomes are pivotal to the company’s strategic direction and operational transparency, underscoring the significance of shareholder participation in corporate decision-making processes.