KARACHI — WorldCall Telecom Limited has announced a series of strategic decisions aimed at organizational restructuring, international expansion and strengthening its corporate and financial framework.
According to a notice issued to the Pakistan Stock Exchange, the company’s Board of Directors held an Emergent Meeting on April 8, 2026, at its head office in Lahore. The meeting considered several initiatives, with a number of proposals to be placed before shareholders at the upcoming Annual General Meeting.
Proposed Change in Company Name
One of the key proposals involves changing the company’s name from WorldCall Telecom Limited to WorldCall Technologies Limited.
The Board said the proposed rebranding is intended to better reflect the company’s evolving business model and technology transformation. The name change remains subject to the formal approval of the Registrar, SECP and other relevant authorities.
UAE Expansion and Corporate Realignment
WorldCall also disclosed plans involving international expansion. The company proposed the acquisition of a 100% subsidiary in the United Arab Emirates, subject to the necessary regulatory and jurisdictional approvals.
In addition, the Board proposed a share swap arrangement involving ordinary shares of WorldCall and shares of GlobalTech Corporation (GTC), described in the notice as the company’s ultimate holding company. The proposed transaction is also subject to regulatory compliance and required approvals.
Balance Sheet Restructuring
Another major component of the proposals is balance sheet restructuring under Section 89(a) of the Companies Act, 2017 and the company’s Articles of Association.
The restructuring would involve adjustments relating to the discount on issued shares and accumulated losses, subject to confirmation and approval from the relevant authorities.
The Board also proposed extending the mandatory conversion date of the company’s Convertible Preference Shares (CPS) to December 31, 2030, along with other related approvals concerning the outstanding CPS.
Governance and Statutory Matters
The meeting also addressed corporate governance arrangements. Recommendations were made regarding the appointment and remuneration of external auditors, while the Board approved the appointment of an election scrutinizer to oversee the upcoming election of directors.
The Board further authorized the Chief Executive Officer, Chief Financial Officer, Company Secretary and any director acting individually or jointly to complete the required documentation and statutory formalities with the SECP and other regulators.
Proposals Await Further Approvals
The measures outlined by WorldCall represent a broad corporate restructuring program covering its identity, international operations, ownership structure, balance sheet and governance arrangements.
However, several of the proposed actions remain subject to shareholder approval and/or regulatory and legal clearances. The company requested that the information be disseminated to TRE Certificate Holders accordingly.
