Lahore: WorldCall Telecom Limited (WTL) has announced that it will hold its 25th Annual General Meeting (AGM) on April 30, 2025, at 11:00 a.m. at its registered office located in Quaid-e-Azam Industrial Estate, Kot Lakhpat, Lahore, Pakistan. The meeting will address key business items, including the confirmation of minutes from the previous AGM held on April 29, 2024, the approval of the financial statements for the year ending December 31, 2024, and the appointment of auditors for the upcoming year.
According to the notice, shareholders are invited to attend the AGM, with the option to appoint proxies if they are unable to participate in person. Proxies must be submitted to the company's office at least 48 hours prior to the meeting. Corporate entities may appoint representatives to attend and vote on their behalf, provided the necessary documentation is submitted along with the proxy form.
The meeting will also include the adoption of various reports, including the Director's, Auditor's, and Chairman's Review Report. Shareholders will discuss ordinary business items, including the appointment of auditors and any other business permitted by the Chair.
Furthermore, the AGM notice outlines guidelines for Central Depository Company (CDC) account holders. Individuals must authenticate their identity using a Computerized National Identity Card (CNIC) or passport, while corporate entities must provide a Board resolution or power of attorney.
In compliance with the Companies (E-Voting) Regulations, 2016, shareholders can exercise their voting rights electronically. The company has appointed an execution officer for e-voting, and the necessary forms must be submitted at least ten days before the meeting.
Additionally, the Securities and Exchange Commission of Pakistan (SECP) allows the circulation of audited financial statements via email. Shareholders interested in receiving electronic copies of the Annual Report are encouraged to provide their email addresses to the company. According to information available from the Pakistan Stock Exchange (PSX), hard copies will be provided upon request, free of charge, within seven days.
The company has also urged shareholders to convert their physical securities into book-entry form as required by Section 72 of the Companies Act, 2017, to comply with directives issued by the SECP. The financial statements and reports will be accessible on the company's website at least 21 days before the AGM, as per regulatory requirements.
WorldCall Telecom Limited operates in the telecommunications sector and continues to engage its shareholders through transparent and accessible communication channels ahead of this significant annual event.