Lahore: Stylers International Limited has issued a notice for an Extraordinary General Meeting (EOGM) scheduled for January 5, 2026. The meeting aims to elect seven directors for a three-year term. This event will occur at the company’s registered office in Lahore and will be accessible through videoconferencing.
The agenda includes the election of directors in accordance with Section 159 of the Companies Act, 2017. The retiring directors, who are eligible for re-election, are Mr. Javed Arshad Bhatti, Mr. Mian Muhammad Ahsan, Mr. Muhammad Saqib, Mr. Muhammad Umer, Mr. Mustanser Ahmed, Ms. Samar Masood Soofi, and Mr. Syed Muhammad Irfan Aqueel.
According to information available from the Pakistan Stock Exchange (PSX), the meeting will also address any other business permitted by the Chair. Shareholders are encouraged to appoint proxies if they cannot attend in person. Proxies must be members of the company and submit completed forms 48 hours before the meeting.
The board has set the number of directors at seven, and the election process aligns with relevant sections of the Companies Act. Independent directors will also be elected, requiring additional documentation as per the Companies (Manner and Selection of Independent Directors) Regulations, 2018.
Shareholders are advised to convert physical shares into book-entry form, following SECP recommendations. This conversion offers benefits such as safe custody and streamlined issuance of duplicate shares.
SECP directives necessitate submission of valid CNICs or NTNs to avoid dividend withholding. Shareholders must also update shareholding proportions and notify any address changes to the Share Registrar promptly.
The meeting will enable postal ballot voting, including electronic options, as per the Companies (Postal Ballot) Regulations, 2018. Rizwan & Co. Chartered Accountants will act as scrutinizer, with Corplink (Pvt.) Limited providing e-voting services.
Per SECP regulations, no gifts or incentives will be distributed at the meeting. Non-compliance with this directive may result in penalties.
The final list of directors contesting the election will be published seven days before the meeting, with full details available on the company’s website. Current directors are interested in the election only to the extent of their eligibility for re-election.