Frontier Ceramics Limited has issued a Correction/Clarification Notice regarding its upcoming Annual General Meeting (AGM) and related transactions with associated companies.
- The AGM is scheduled for October 28, 2026, at 09:00 A.M.
- Shareholders will vote on the approval of transactions with related parties, including loans and advances.
- A loan of up to PKR 1.2 billion is proposed to be extended to Khalid & Khalid Holdings (Pvt) Ltd.
- The repayment period for an outstanding advance of PKR 200 million related to a land sale agreement has been extended to June 25, 2027.
- The company aims to ensure compliance with the Companies Act, 2017, and maintain transparency in its dealings.
- The Board of Directors has recommended the re-appointment of current auditors for the year ending June 30, 2027.
- The extension of payment dates and loan approvals are seen as strategic moves to support operational stability.