JSCL shareholders approve further PKR 86.96 million investment in Efu Life Assurance
AGM / EGMJahangir Siddiqui & Co. Ltd. reported that shareholders at its Extraordinary General Meeting in Islamabad on November 6, 2026 passed a special resolution authorizing a further long-term equity investment of up to PKR 86,963,390 in associated company Efu Life Assurance Limited. The investment is to be made through subscription of 8,696,339 right shares at PKR 10 each, offered on the terms disclosed to members.
Key Findings
- Shareholders passed the special resolution at the Extraordinary General Meeting held in Islamabad on November 6, 2026.
- The resolution authorizes a further long-term equity investment of up to PKR 86,963,390 in Efu Life Assurance Limited.
- The investment will be made by subscribing to 8,696,339 right shares at PKR 10 per share.
- The Chief Executive Officer, Chief Financial Officer and/or Company Secretary are authorized to take steps to implement the resolution.
Meeting Details
Meeting
Extraordinary general meeting
Date
06/11/2026
Venue
Islamabad
Meeting Details
Agenda
- Consider and, if deemed fit, approve a special resolution under Section 199 of the Companies Act, 2017 for further long-term equity investment in Efu Life Assurance Limited, an associated company.
Resolutions
- Approved further long-term equity investment of up to PKR 86,963,390 in Efu Life Assurance Limited by subscribing to 8,696,339 right shares at PKR 10 each.
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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.
