Crescent Star Insurance Limited issues ballot paper for AGM voting through post

AGM / EGM

The company circulated a ballot paper for its Annual General Meeting scheduled for June 8, 2026 in Karachi. Shareholders are asked to vote on special resolutions including an increase in authorized capital, a right issue of shares, and a related-company loan to PICIC Insurance Limited.

Key Findings

AGM scheduled for Monday, June 8, 2026 at 9:00 a.m. in Karachi.
Ballot paper is for voting through post on special resolutions.
Proposed increase in authorized share capital from Rs. 1.5 billion to Rs. 3.0 billion.
Proposed right issue of 148,619,157 ordinary shares at par.
Proposed loan facility of up to PKR 1.0 billion to PICIC Insurance Limited at KIBOR plus 3% per annum.

Meeting Details

Meeting

Annual general meeting

Date

Jun 8, 2026, 9:00 AM

Venue

2nd Floor, Nadir House, I.I. Chundrigar Road, Karachi, Pakistan

Meeting Details

Agenda

Approval of special resolution to increase authorized share capital from Rs. 1,500,000,000 to Rs. 3,000,000,000 by amending the Memorandum and Articles of Association.
Approval of special resolution for right issue of 148,619,157 ordinary shares of Rs. 10 each, at par, for approximately PKR 1.486 billion.
Approval of special resolution for loan to associated company PICIC Insurance Limited of up to PKR 1,000,000,000 at KIBOR plus 3% per annum.

Resolutions

Increase authorized capital by amending the company constitution.
Issue right shares to existing shareholders.
Approve related-party loan to PICIC Insurance Limited.

Original PDF

View stock

⚡

Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.

Your market watch, portfolio and news desk in one app.

Crescent Star Insurance Limited issues ballot paper for AGM voting through post

Key Findings

Meeting Details

Meeting Details

More CSIL announcements