Ittehad Chemicals issues postal ballot for AGM resolutions on related-party transactions and investment in associated company
AGM / EGMThe document is a postal ballot paper for voting on two resolutions at a meeting scheduled for October 28, 2026. Resolution 1 seeks ratification and approval of related-party transactions conducted during the year ended June 30, 2026, and authorization for transactions during the year ending June 30, 2027. Resolution 2 seeks approval to increase the investment in associated company M/s Biostacks (Pvt.) Limited from Rs. 1 billion to Rs. 2 billion, with the investment to be made in one or more tranches. Completed ballots must reach the company by October 27, 2026, at 5:00 p.m.
Key Findings
- The ballot is for voting at 11:00 a.m. on October 28, 2026.
- Resolution 1 concerns ratification of past related-party transactions and authorization of related-party transactions for the financial year ending June 30, 2027.
- Resolution 2 proposes increasing the company's investment in Biostacks (Pvt.) Limited from Rs. 1 billion to Rs. 2 billion.
- Ballots must be received by October 27, 2026, during working hours, by 5:00 p.m.; late ballots will not be counted.
Meeting Details
Date
28/10/2026, 11:00 AM
Venue
Registered Office, 39-Empress Road, Lahore
Meeting Details
Agenda
- Postal ballot on resolutions 1 and 2
Resolutions
- Ratification and approval of related-party transactions conducted in the normal course of business during the year ended June 30, 2026, and authorization for related-party transactions during the financial year ending June 30, 2027.
- Approval to increase the investment in associated company M/s Biostacks (Pvt.) Limited from Rs. 1 billion to Rs. 2 billion, in one or more tranches, on terms determined by the Board.
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.
