WorldCall Telecom Limited has announced a strategic restructuring plan following an emergent meeting of its board of directors, with proposals covering corporate rebranding, international expansion, and balance sheet adjustments.
The decisions were taken at a board meeting held on April 8, 2026, and will now be placed before shareholders at the upcoming annual general meeting for approval.
As part of the proposed transformation, the board has recommended changing the company’s name from WorldCall Telecom Limited to “WorldCall Technologies Limited” to better reflect its evolving business model and technology-focused direction.
The proposed change remains subject to approval from the Securities and Exchange Commission of Pakistan and other regulatory authorities.
The company has also approved plans for global expansion through the acquisition of a wholly owned subsidiary in the United Arab Emirates. In addition, the board proposed a share swap arrangement involving GlobalTech Corporation, identified as the company’s ultimate holding company, subject to regulatory compliance and jurisdictional approvals.
On the financial side, the board has recommended balance sheet restructuring under the Companies Act 2017 framework to address discounts on issued shares and accumulated losses. It has also proposed extending the mandatory conversion date for convertible preference shares until December 31, 2030.
Further decisions include recommendations for the appointment of external auditors, approval of a scrutinizer for the upcoming election of directors, and authorization for senior management, including the chief executive officer, chief financial officer, and company secretary, to complete all regulatory documentation and legal formalities.