Karachi: Pak-Gulf Leasing Company Limited has issued a notice to shareholders regarding its 33rd Annual General Meeting (AGM), scheduled to be held on October 27, 2026, at the company's registered office located in UNIBRO House, Karachi. The meeting will commence at 4:30 p.m. and will also be accessible via video link.
The agenda for the AGM includes both ordinary and special business. Under ordinary business, shareholders will review and confirm the minutes from the previous AGM held on October 24, 2025. Additionally, they will receive and consider the adoption of the audited financial statements for the fiscal year ending June 30, 2026, along with the reports from the company's directors and auditors. The appointment of statutory auditors for the upcoming financial year will also be on the agenda.
The special business segment includes the consideration of amendments to the company's Memorandum and Articles of Association. A key resolution involves revising Clause iii, which outlines the company's principal business activities and the regulatory framework it adheres to. The proposed amendments emphasize compliance with laws relevant to non-banking finance activities, excluding businesses such as banking, insurance, and securities brokerage.
The meeting will also deliberate on the amendment of Clause v, which pertains to the company's authorized capital. The current authorized capital stands at Rs. 1 billion, divided into 100 million ordinary shares of Rs. 10 each. Proposed changes to the Articles of Association will incorporate updates aligned with the Companies Act, 2017, allowing for adjustments in the company's capital structure.
According to information available from the Pakistan Stock Exchange (PSX), these developments align with standard corporate governance practices and are subject to approval by the Securities and Exchange Commission of Pakistan.
The designated market category for Pak-Gulf Leasing Company Limited remains unchanged as the company continues to focus on investment finance services. The meeting will conclude with an opportunity to address any other business matters, subject to the Chair's permission.