Lahore: In a move that could significantly impact executive compensation, a prominent company based in Lahore has announced its agenda for the forthcoming Annual General Meeting (AGM) scheduled for October 28, 2025. The meeting, set to take place at the Ewan-e-Noor Event Complex, will address a proposal to increase the remuneration of its senior executives.
The board of directors convened on October 6, 2025, to discuss the financial adjustments and subsequently proposed a resolution to enhance the compensation for two of its key executives. The resolution, which seeks approval from the company’s shareholders, aims to increase the remuneration of Sh Faisal Tauheed, Chief Executive Officer, and Sh Kashif Tauheed, Executive Director, to Rs 750,000 each. This proposal is part of the special business to be deliberated during the AGM under section 199 of the Companies Act, 2017.
According to information available from the Pakistan Stock Exchange (PSX), the proposed adjustment in executive pay comes at a time when the company is navigating complex market dynamics and financial scrutiny. The resolution is set to be voted on by the shareholders through a postal ballot, with clear instructions provided for the submission of votes.
Shareholders have been encouraged to exercise their voting rights by sending completed ballot forms to the designated email address, [email protected], before the deadline of October 27, 2025, at 5 PM. The company has stipulated that any postal ballots received after this date will not be considered for voting. Additionally, the forms must be accompanied by a copy of the shareholder's CNIC to ensure authenticity and must reach the registered office of the company via courier.
The upcoming AGM represents a critical juncture for the company as it seeks to align executive remuneration with its broader strategic goals. The decision to increase pay for the executives will be closely watched by market analysts and investors, given its potential implications for corporate governance and shareholder value.