Karachi: TPL Properties Limited has announced the scheduling of its Annual General Meeting (AGM) to be held on November 27, 2026, at the Dr. Shamshad Akhtar Auditorium, Stock Exchange Building. The meeting is set to commence at 11:00 am, with several integral business items slated for discussion and approval.
The AGM’s agenda includes the approval of minutes from the previous meeting held on December 29, 2025. The directors will also present the Annual Standalone and Consolidated Audited Financial Statements for the fiscal year ending June 30, 2026, along with accompanying reports from the Chairman, Directors, and Auditors.
A crucial item on the agenda is the appointment of auditors for the next financial year ending June 30, 2027. M/s. Grant Thornton Anjum Rahman, who have served as the auditors, have agreed to offer themselves for reappointment. The Board of Directors has recommended their reappointment based on the Audit Committee’s advice.
Among the special business to be addressed is a proposal to authorize the advance of up to Rs. 2 billion to the ultimate parent company, TPL Holdings (Private) Limited, and a similar advance to the parent company, TPL Corp Limited. Resolutions regarding these advances will be considered, as per Section 199 of the Companies Act 2017.
Another significant resolution is the authorization of TPL Properties Limited to provide corporate guarantees or other securities in connection with loans obtained by the company's directors. This authorization is in accordance with Section 182 of the Companies Act, 2017.
According to information available from the Pakistan Stock Exchange (PSX), the meeting will also serve as a platform for addressing any other business matters with the Chairman’s permission. The designated market category for these discussions is the property sector, highlighting the financial and strategic planning of TPL Properties Limited within the industry.
The meeting aims to facilitate discussions that will shape the company's financial and operational strategies in the coming fiscal year, ensuring compliance with relevant regulatory frameworks.