Jahangir Siddiqui & Co. Ltd. Announces Extraordinary General Meeting to Discuss Equity Investment

Islamabad: Jahangir Siddiqui & Co. Ltd. (JSCL) has announced that an Extraordinary General Meeting (EOGM) will be convened at Dawood Hall, ICMA Pakistan, Islamabad Campus, on Friday, November 06, 2026, at 11:30 a.m. The meeting is set to address matters of special business, as outlined in the formal notice issued by the company.

The agenda for the EOGM includes the consideration and potential passage of a Special Resolution concerning a proposed long-term equity investment. This investment, amounting to PKR 86.96 million, is intended for EFJ Life Assurance Limited, an entity associated with JSCL. The decision will be made in accordance with Section 199 of the Companies Act, 2017, which governs such financial engagements.

According to information available from the Pakistan Stock Exchange (PSX), the planned investment will be deliberated upon by the shareholders, who will decide whether to approve the resolution, with or without modifications. The meeting's notice also includes a Statement of Material Facts, as required under Section 134(3) of the Companies Act, 2017, providing essential details regarding the special business on the agenda.

The designated market category for this meeting falls under corporate governance, focusing on the company's strategic investment decisions and compliance with statutory obligations.