Oct 28, 2026, 2:30 PM
Tariq Glass Industries reports resolutions passed at its 48th AGM
AGM / EGMTariq Glass Industries Limited submitted certified copies of resolutions passed at its 48th Annual General Meeting held on October 28, 2026. Members approved the audited financial statements for the year ended June 30, 2026, reappointed Crowe Hussain Chaudhury & Co. as statutory auditors for the year ending June 30, 2027, and authorized renewal of up to PKR 1 billion in short-term financing to associated company Baluchistan Glass Limited for one year, on a rollover/renewable basis at the specified rate.
Key Findings
- The 48th AGM was held on October 28, 2026 at 11:00 AM at the registered office and through a video link.
- Members approved and adopted the audited financial statements for the year ended June 30, 2026.
- Crowe Hussain Chaudhury & Co. was reappointed as statutory auditor for the year ending June 30, 2027; remuneration may increase by up to 10% over the previous year's audit fee.
- Members authorized renewal of up to PKR 1 billion in short-term loan, advance, or running finance to associated company Baluchistan Glass Limited for one year, subject to the disclosed return and other terms.
- The Managing Director/CEO and/or a director was authorized to decide on the investment; company officers were empowered to execute related documents.
Meeting Details
Meeting
Annual general meeting
Date
Oct 28, 2026, 11:00 AM
Venue
Registered office, 128-J, Model Town, Lahore, and through video link
Meeting Details
Agenda
- Approval and adoption of audited financial statements for the year ended June 30, 2026
- Reappointment of statutory auditors for the year ending June 30, 2027
- Authorization to renew investment/financing of up to PKR 1 billion in associated company Baluchistan Glass Limited
Resolutions
- Approved and adopted the audited financial statements for the year ended June 30, 2026.
- Reappointed Crowe Hussain Chaudhury & Co. as statutory auditors for the year ending June 30, 2027, with remuneration to be decided by the Managing Director and a maximum 10% increase over the previous year's audit fee.
- Authorized renewal of up to PKR 1 billion in short-term loan, advance, or running finance to Baluchistan Glass Limited for a further one year, on a rollover/renewable basis, at Average Borrowing Cost of TGL + 1% or 3MK + 1.50%, whichever is higher, and on other disclosed terms.
- Authorized the Managing Director/CEO and/or any director to decide on the investment and empowered authorized officers to complete and execute related actions and documents.
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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.