Karachi: Telecard Limited has formally requested a 30-day extension for its upcoming Annual General Meeting (AGM) scheduled for the fiscal year ending June 30, 2024. The application for this extension was submitted to the Securities and Exchange Commission of Pakistan (SECP), as confirmed in a letter addressed to the Pakistan Stock Exchange (PSX).

Dated October 10, 2024, the letter specifies that the AGM originally set for October 28, 2024, is proposed to be delayed until November 27, 2024. This adjustment is pending approval from SECP, which upon agreement, will allow Telecard Limited additional time to organize and execute the necessary proceedings for the meeting. The company, listed under the technology sector on the PSX, highlighted the submission of all required documents alongside the application under Section 132 of the Companies Act, 2017.

According to information available from the Pakistan Stock Exchange (PSX), Telecard Limited has indicated that once the commission's approval is granted, details of the extension will be promptly disseminated through PUCARS. This communication system is crucial for ensuring that all TRE Certificate Holders of the exchange are kept informed about the developments regarding the AGM.

The letter, signed by Waseem Ahmad, Director and Company Secretary of Telecard Limited, underscores the firm's commitment to compliance and timely communication with its stakeholders. The Karachi-based company, with its corporate office in the World Trade Center, continues to engage with regulatory bodies to ensure transparency and adherence to corporate governance norms.