Lahore: At the Annual General Meeting held on October 27, 2026, Treet Corporation Limited confirmed a series of resolutions that approve substantial financial aid in the form of loans and guarantees to several associated companies.

The meeting, which covered both ordinary and special business, saw the approval of the minutes from the Extraordinary General Meeting held on June 29, 2026, as well as the adoption of the Annual Audited Financial Statements for the fiscal year ending June 30, 2026.

In a notable move, the shareholders approved the re-appointment of M/s BDO Ebrahim & Co., Chartered Accountants, as the external auditors for the financial year ending June 30, 2027. The auditors' remuneration will be determined by the management.

Among the special business resolutions, a significant decision was made to extend financial support to Treet Battery Limited (TBL) with a working capital loan of 4.00 billion PKR and cross corporate guarantees up to 4.60 billion PKR to commercial banks and financial institutions.

According to information available from the Pakistan Stock Exchange (PSX), Treet Corporation also agreed to extend up to 1.00 billion PKR in loans and cross corporate guarantees of up to 1.80 billion PKR to Treet Renacon Pharma Limited (TRPL).

Further resolutions included the approval of a 3.50 million PKR loan to Treet Power Limited (TPL), a 10 million PKR loan to Treet HR Management (Private) Limited (THRM), and a 250 million PKR loan with 550 million PKR in guarantees to Loads Limited (LOADS).

Additionally, the company resolved to provide a 4.20 million PKR loan to Hi-Tech Alloy Wheels Limited. The rate of return for these loans will be determined based on prevailing rates charged by banks and financial institutions.

These approvals will remain valid until the conclusion of the next Annual General Meeting of the company, signaling a considerable financial commitment to its associated entities within the designated market category.