Karachi: TPL Corp Limited has announced its Annual General Meeting (AGM) to be held on November 27, 2026, at 11:30 a.m. The meeting, set to take place at the Dr. Shamshad Akhtar Auditorium in the Stock Exchange Building on Exchange Road, Karachi, will address various business matters concerning the company.
The agenda for the upcoming AGM includes the approval of the minutes from the previous AGM held on December 30, 2025. Shareholders will also review and adopt the company's standalone and consolidated audited financial statements for the fiscal year ending June 30, 2026. Additionally, the meeting will address the reappointment of M/s. Grant Thornton Anjum Rahman, Chartered Accountants, as the company's auditors for the fiscal year ending June 30, 2027.
Special resolutions will be a significant focus of the AGM. TPL Corp seeks authorization from its shareholders to make substantial financial undertakings. These include an equity investment of up to Rs. 350 million and an advance of up to Rs. 150 million to its subsidiary, TPL Life Insurance Limited. Furthermore, the company aims to authorize an advance of up to Rs. 1,000 million to its holding entity, TPL Holdings (Private) Limited.
Additionally, TPL Corp plans to extend an advance of up to Rs. 500 million to TPL Trakker Limited, a subsidiary company, and up to Rs. 250 million in advance and/or equity investment to TPL E-Venture (Private) Limited. The resolutions extend to authorizing advances and/or equity investments totaling up to Rs. 150 million to TPL Security Services (Private) Limited, up to Rs. 200 million to TPL REIT Management Company Limited, and the same amount to TPL Properties Limited.
Further financial resolutions include an advance of up to Rs. 50 million to Astra Location Services (Private) Limited and TPL Property Management (Private) Limited, respectively. According to information available from the Pakistan Stock Exchange (PSX), these strategic financial initiatives are part of TPL Corp's ongoing efforts to bolster its subsidiaries and associated companies.
The AGM will also provide a platform for shareholders to engage in any other business matters with the Chairman's permission. A statement of material facts related to these special business transactions has been distributed to shareholders alongside the meeting notice, as required by Section 134(3) of the Companies Act, 2017.