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