Lahore: WorldCall Telecom Limited announced the passing of several key resolutions during its Annual General Meeting held on April 30, 2026. According to the company’s filing, the shareholders convened at the company’s registered office to approve a range of ordinary and special business items.

During the ordinary business session, the company confirmed the minutes from the previous year’s meeting and adopted the audited financial statements for the fiscal year ending December 31, 2025. Additionally, the reappointment of M/s Tariq Abdul Ghani & Co. as external auditors was approved, with the CEO authorized to negotiate their remuneration.

A significant development was the election of eight directors to serve a three-year term commencing May 31, 2026. The elected directors include Mr. Mehdi Mohamed Jawad Abdullah Al Abduwani, Mr. Babar Ali Syed, Mr. Muhammad Azhar Saeed, Mr. Muhammad Shoaib, Mr. Mubasher Lucman, Mr. Mansoor Ali, Mrs. Hina Babar, and Mr. Tariq Hasan.

The meeting also addressed several special business agenda items. Notably, the shareholders approved a proposal to rename the company from WorldCall Telecom Limited to WorldCall Technologies Limited, pending necessary regulatory approvals.

Furthermore, the shareholders agreed to expand the company’s international operations by acquiring a Dubai-based entity. This move is aimed at establishing a wholly-owned subsidiary in the United Arab Emirates, in line with Section 208 of the Companies Act, 2017.

Another key resolution involved extending the mandatory conversion date of the company’s Convertible Preference Shares to December 31, 2030. This decision ensures the terms and conditions of the shares remain unchanged.

In a move to reorganize its financial structure, the company approved the rearrangement and reclassification of its authorized share capital, setting it at Rs. 21 billion, divided into 1.98 billion ordinary shares and 100,000 preference shares.

A significant reduction of the company’s share capital by approximately 90% was also sanctioned, reducing the outstanding share capital from PKR 49.82 billion to PKR 4.98 billion. This reduction aims to align the company’s paid-up capital with available assets.

Finally, the meeting resolved to subdivide the nominal value of its ordinary shares from PKR 10 to PKR 1 per share, maintaining the existing number of shares.

According to information available from the Pakistan Stock Exchange (PSX), these resolutions mark an important phase in WorldCall’s strategic growth and restructuring plans, reflecting the company’s commitment to enhancing shareholder value and operational efficiency. The resolutions are subject to necessary regulatory approvals and court confirmations.