Islamabad: Secure Logistics – Trax Group Limited (SLG-Trax) has scheduled an Extraordinary General Meeting (EOGM) for November 4, 2025, at 3:00 pm to discuss and potentially approve significant amendments to its Articles of Association. The meeting will be held at the company’s headquarters located at 55.B, ISE Tower, Jinnah Avenue, and will also be accessible via Zoom.
The primary agenda for this EOGM, as outlined in the meeting notice, is to address special business proposals that include amending the Articles of Association to align with legal requirements concerning the issuance of shares related to an employee stock option scheme. This amendment is aimed at facilitating the issuance, offer, and allotment of shares to eligible employees, officers, and directors of the company and its subsidiaries.
Another critical item on the agenda involves the approval of resolutions that would authorize the board to create, offer, and issue shares under the employee stock option scheme, reserving up to 3% of the company’s issued and paid-up capital for this purpose. This initiative is part of the company’s strategy to enhance employee motivation and retention, ensuring alignment with SLG-Trax’s long-term goals.
According to information available from the Pakistan Stock Exchange (PSX), SLG-Trax is classified under the designated market category of logistics and transportation. The company’s board has assured that the proposed changes comply with the Companies Act, 2017, and the Companies (Further Issue of Shares) Regulations, 2020. The board also clarified that directors do not have a direct or indirect interest in this special business, except where a director may qualify as an eligible employee under the stock option scheme.
The notice further emphasizes the importance of compliance with statutory requirements, urging members to update their records with necessary identification and banking details to facilitate future transactions and dividends. The company also highlighted the benefits of converting physical shares into scripless form, citing safety and efficiency in trading.
Members are invited to participate in the EOGM either in person or through proxies, with guidelines provided for CDC account holders and corporate representatives. The company has also implemented e-voting and postal ballot options to ensure broad participation in the decision-making process.
Secure Logistics – Trax Group Limited’s move to amend its Articles of Association and implement an employee stock option scheme reflects its commitment to regulatory compliance and strategic growth through employee engagement. The outcomes of this meeting could have far-reaching implications for the company’s corporate governance and operational strategy.