Lahore: Panther Tyres Limited has scheduled an Extraordinary General Meeting (EOGM) on December 31, 2025, at the Avari Hotel, Lahore, with a primary agenda to elect seven directors for a three-year term beginning January 1, 2026. The meeting, set to commence at 12:00 p.m., aims to confirm the minutes of the previous Annual General Meeting held on October 28, 2025, and facilitate the election process as outlined under section 159(1) of the Companies Act, 2017.
The election of directors is a pivotal event for Panther Tyres Limited, where the retiring directors are eligible for re-election. The company has emphasized the importance of minority shareholder participation, allowing members to nominate themselves for directorship. The agenda underscores compliance with the Companies Act, 2017, and relevant regulations, ensuring that independent directors meet the criteria set forth for their roles.
Shareholders have the option to participate through a video conference facility, provided there is sufficient demand from members holding at least 10% of the total paid-up share capital. The company has outlined a detailed protocol for shareholders wishing to utilize this option, requiring requests to be submitted seven days prior to the meeting.
In adherence to SECP Circular 2 of 2018, the distribution of gifts or incentives to shareholders at the EOGM is strictly prohibited. This directive is part of broader regulatory compliance measures aimed at maintaining corporate governance standards.
According to information available from the Pakistan Stock Exchange (PSX), Panther Tyres Limited is aligning its electoral process with the regulations set by the SECP and the Pakistan Institute of Corporate Governance (PICG). The selection of independent directors will be based on established competencies, diversity, skills, and experience.
The event will also offer a postal ballot and e-voting facility for shareholders, in line with the Companies (Postal Ballot) Regulations 2018, particularly if the number of candidates exceeds the available director positions. M/s. Rizwan & Co. has been appointed as the scrutinizer to oversee the voting process, ensuring transparency and adherence to regulatory standards.
The meeting notice and related information have been disseminated through nationwide publications, including the Pakistan Observer and Nai Baat, ensuring all stakeholders are adequately informed of the proceedings and are encouraged to participate actively in shaping the company's governance for the coming years.