📅 General Meeting · WAVES Waves Corporation Limited held an Extraordinary General Meeting (EOGM) on 27 August 2026, where several resolutions were passed regarding investments in Waves Home Appliances Limited (WAVESAPP).
- EOGM took place on 27 August 2026 at 11:30 a.m. at the Registered Office of the Company.
- Minutes of the last Annual General Meeting held on 30 April 2026 were confirmed.
- Approved additional long-term equity investment in WAVESAPP up to PKR 1,500M, including rights issues.
- Authorized the Board to disinvest equity in WAVESAPP as deemed appropriate.
- Approved further loans to WAVESAPP up to PKR 500M for three years, with returns not less than the average borrowing cost or KIBOR.
- Enhanced existing receivable from WAVESAPP up to PKR 1,000M, including capitalized returns.
- Chief Executive Officer granted authority to undertake necessary corporate and regulatory formalities.
About this brief: prepared automatically by BSL’s research systems from the company’s filing with the exchange. A summary for information, not investment advice — the original filing is the authoritative record.
Original filing (PDF)