Built for PSX investors

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

Follow live PSX prices, track holdings, read business news, and keep your watchlist close before the market moves.

Download on theApp Store

Get it onGoogle Play Use on desktopWeb App

Learn more about the Investify PSX app

Investify app live PSX stock list on iPhone

STYLERS AGM / EGM: Stylers International shareholders approve revised PKR 1.0 billion diminishing musharaka terms and novation at EGM | Investify

May 20, 2026, 2:37 PM

Stylers International shareholders approve revised PKR 1.0 billion diminishing musharaka terms and novation at EGM

AGM / EGM

Stylers International Limited held an Extraordinary General Meeting on May 20, 2026 and passed special resolutions approving amendments to its PKR 1.0 billion diminishing musharaka agreements, including a reduction in rental rate from 13.3% to 9.5% per annum effective May 1, 2026 and a revised principal repayment schedule beginning in January 2028. Shareholders also approved the transfer of rights and obligations for rental income and principal from Mr. Mian Salman Ahsan to Mr. Mian Muhammad Ahsan through novation agreements.

Key Findings

EGM held on May 20, 2026 at the registered office in Lahore.
Special resolutions approved amendments to diminishing musharaka agreements amounting to PKR 1.0 billion.
Rental rate revised from 13.3% to 9.5% per annum effective May 1, 2026.
Principal repayment schedule revised, with first repayment to commence in January 2028.
Shareholders approved novation transferring related rights and obligations from Mr. Mian Salman Ahsan to Mr. Mian Muhammad Ahsan.

Meeting Details

Meeting

Extraordinary general meeting

Date

May 20, 2026, 4:00 PM

Venue

Registered Office, 20-KM, Ferozepur Road, Lahore

Meeting Details

Agenda

To approve amendments in the Diminishing Musharaka Agreements amounting to PKR 1.00 billion, including revised rental rate and repayment schedule.
To approve transfer of rights and obligations pertaining to rental income and principal amount from Mr. Mian Salman Ahsan to Mr. Mian Muhammad Ahsan through novation agreements.

Resolutions

Approved amendments to the Diminishing Musharaka Agreements amounting to PKR 1.00 billion.
Approved revised rental rate from 13.3% to 9.5% per annum effective 1st May 2026.
Approved revised principal repayment schedule with first repayment commencing in January 2028.
Authorized the Chief Executive Officer and/or Company Secretary to execute necessary documents and amendments.
Approved transfer of rights and obligations from Mr. Mian Salman Ahsan to Mr. Mian Muhammad Ahsan through novation agreements.
Authorized the Chief Executive Officer and/or Company Secretary to negotiate, finalize, execute and sign the novation agreements and related documents.

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.

More STYLERS announcements

Stylers International shareholders approve revised PKR 1.0 billion diminishing musharaka terms and novation at EGM

Key Findings

Meeting Details

Meeting Details