Oct 14, 2026, 11:33 AM
JSCL approves PKR 86.96 million investment in EFU Life Assurance, subject to shareholder approval
Financing / RestructuringJahangir Siddiqui & Co. Ltd.'s board approved a further long-term equity investment of PKR 86,963,390 by subscribing to 8,696,339 right shares in associated company EFU Life Assurance Limited at PKR 10 per share. The investment is subject to a special resolution under Section 199 of the Companies Act, 2017. An EOGM is scheduled for November 6, 2026, to obtain shareholders' approval.
Key Findings
- Board approval was granted at a meeting held on October 14, 2026.
- The proposed investment is PKR 86,963,390 for 8,696,339 right shares at par value of PKR 10 each.
- The investment is subject to passage of a special resolution under Section 199 of the Companies Act, 2017.
- An Extraordinary General Meeting will be held on November 6, 2026, at 11:30 AM in Islamabad to seek shareholder approval.
Disclosure Details
Entities Involved
Jahangir Siddiqui & Co. Ltd., EFU Life Assurance Limited
Amount
PKR 86,963,390
Approvals Required
Shareholders' approval by special resolution under Section 199 of the Companies Act, 2017
Impact
Proposed further long-term equity investment in associated company EFU Life Assurance Limited through subscription to 8,696,339 right shares.
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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.