Karachi: TPL Corp Limited has announced an Extraordinary General Meeting (EOGM) set for April 30, 2026, at the Dr. Shamshad Akhtar Auditorium, PSX, Stock Exchange Building, Karachi. The meeting, scheduled for noon, will address several key items, including the approval of minutes from the Annual Meeting held on December 30, 2025, and significant resolutions regarding the Company’s strategic investments and divestments.

The EOGM will consider a special resolution under Section 199 of the Companies Act 2017, authorizing TPL Corp Limited to acquire additional shares in its associated company, TPL Insurance Limited. This acquisition involves purchasing 65,262,510 additional shares from DEG and Finnfund for a cumulative amount of PKR 1,858,839,030.

In a significant move, TPL Corp Limited is also seeking approval to sell its substantial shareholding in TPL Insurance Limited to Jazz International Holdings Ltd. This transaction includes the sale of 106,891,570 shares, representing 53.81% of the issued and paid-up share capital of TPL Insurance, along with 31,488,750 shares intended to be acquired from DEG. The total transaction is valued at PKR 4.15 billion.

According to information available from the Pakistan Stock Exchange (PSX), TPL Insurance Limited holds a strategic position under the category of designated market companies. The transaction with Jazz International Holdings Ltd aims to streamline TPL Corp Limited’s business focus and optimize its investment portfolio.

The meeting will also address compliance with the SECP guidelines for electronic participation in the EOGM. Shareholders are encouraged to register via email at least 48 hours before the meeting to gain access to the video link, ensuring broad participation.

In preparation for the EOGM, TPL Corp Limited has announced the closure of its share transfer books from April 24 to April 30, 2026. This measure ensures that any share transfers completed by April 23, 2026, will be recognized for the meeting.

The company’s strategic moves, including the acquisition of shares from DEG and Finnfund and the subsequent divestment to Jazz, are part of a broader strategy to strengthen its financial position and align with long-term business goals. The resolutions under consideration reflect TPL Corp Limited’s commitment to enhancing shareholder value through strategic acquisitions and divestments.