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WAVES AGM / EGM: Waves Corporation files certified copy of AGM resolutions, including re-appointment of auditors and approval of related-party transactions and Wavessapp receivable extension | Investify

Apr 30, 2026, 1:58 PM

Waves Corporation files certified copy of AGM resolutions, including re-appointment of auditors and approval of related-party transactions and Wavessapp receivable extension

AGM / EGM

Waves Corporation Limited submitted the certified copy of resolutions passed at its Annual General Meeting held on 30 April 2026 at the registered office. The resolutions confirm adoption of the 2025 audited financial statements, re-appointment of statutory auditors, approval of related-party transactions, and authorization for the Board/management to extend and restructure the receivable from Wavess Home Appliances Limited (WAVESAPP).

Key Findings

The AGM was held on 2026-04-30 at 12:00 p.m. at the company’s registered office.
Shareholders confirmed the minutes of the last AGM and adopted the annual audited financial statements for year ended 31 December 2025.
Rizwan and Company, Chartered Accountants, Lahore, were re-appointed as auditors for FY2026 at the current remuneration.
Related-party transactions for FY2025 were ratified and the Board was authorized to approve related-party transactions for FY2026, subject to shareholder ratification in the next AGM.
The company extended the tenure of receivable from WAVESAPP of PKR 2.54 billion (including capitalized markup) by a further three years from 27 May 2026, with return/markup terms linked to borrowing cost/KIBOR and a maximum investment limit of PKR 4.0 billion during the extended period.

Meeting Details

Meeting

Annual general meeting

Date

Apr 30, 2026, 5:00 PM

Venue

Registered Office of the Company

Meeting Details

Agenda

Confirm the minutes of the last Annual General Meeting held on 30 April 2025
Receive, consider and adopt the Annual Audited Financial Statements for the year ended 31 December 2025 together with the Directors' Report and Auditors' Report
Appointment of statutory auditors for the year ending 31 December 2026 and fixation of remuneration
Ratify/approve related party transactions during the financial year ended 31 December 2025
Authorize the Board to approve related party transactions during the financial year ending 31 December 2026
Consider and pass special resolutions regarding extension and settlement terms of receivable from Waves Home Appliances Limited (WAVESAPP)

Resolutions

Minutes of the last AGM held on 30 April 2025 were confirmed
Annual audited accounts for the year ended 31 December 2025 were received, approved and adopted
Rizwan and Company, Chartered Accountants, Lahore, were re-appointed as auditors for the financial year 2026 at the current level of remuneration
Transactions with Waves Home Appliances Limited, Waves Marketplace Limited, Waves Builders and Developers (Private) Limited, and Employees' Pension/Gratuity/Provident Fund for FY2025 were ratified and approved
The Board was authorized to approve related party transactions on a case-to-case basis during FY2026, subject to shareholder ratification in the next AGM
Consent and approval were granted to extend the tenure of receivable of PKR 2.54 billion from WAVESAPP for three years from 27 May 2026, with return/markup terms and settlement mechanics to be determined by the Board

Original PDF

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Waves Corporation files certified copy of AGM resolutions, including re-appointment of auditors and approval of related-party transactions and Wavessapp receivable extension

Key Findings

Meeting Details

Meeting Details

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