Category: Board Meetings

Karachi, Sakrand Sugar Mills Limited has announced that a meeting of its esteemed Board of Directors will be convened on June 23, 2023, in Karachi. The primary agenda of the meeting will be to deliberate upon the Quarterly Accounts for the period ending on March 31, 2023, with the possibility of declaring any entitlement.

To ensure transparency and maintain the integrity of the decision-making process, the company has declared a Closed Period from June 17, 2023, to June 23, 2023. During this period, no Director, Chief Executive Officer (CEO), or Executive of the company will be allowed to engage in any direct or indirect dealings pertaining to the shares of the organization.

During the Board meeting, the Directors will thoroughly analyze the Quarterly Accounts and discuss various financial aspects, including revenue, expenses, profitability, and overall financial performance. They will evaluate the company's progress in achieving its strategic objectives and make informed decisions regarding the declaration of any entitlement, which may impact the shareholders.

The Board of Directors at Sakrand Sugar Mills Limited comprises seasoned professionals and industry experts who bring a wealth of experience and expertise to the table. Their diligent assessment and prudent decision-making will play a pivotal role in shaping the company's future trajectory and ensuring sustainable growth.

Karachi, Silkbank Limited has conducted a Board Meeting on Thursday, where various matters were discussed. However, the bank emphasized that there were no announcements made regarding the dissemination of any Price Sensitive Information that could potentially impact the market price of Silkbank shares.

During the meeting, the board members deliberated on several important matters related to the bank's operations, strategies, and future plans. While no specific details were disclosed, it is evident that Silkbank Limited is actively engaged in reviewing and addressing key aspects of its business to ensure sustained growth and success.

Karachi, Zahur Cotton Mills Limited has announced that a Board of Directors meeting will take place in Lahore on June 15, 2023. The meeting's agenda will focus on matters other than financial results, indicating potential discussions on strategic decisions and operational aspects.

To ensure a fair and transparent environment for the meeting, the company has implemented a "Closed Period" starting from June 15, 2023. During this period, which also concludes on the same day, the directors, CEO, and executives are prohibited from engaging in any direct or indirect dealings involving the company's shares.

The decision to hold a meeting centered on non-financial matters suggests that Zahur Cotton Mills Limited is taking proactive steps to address broader aspects of the company's operations. While the specific topics of discussion remain undisclosed, this development indicates a commitment to effective corporate governance and decision-making.

The Board of Directors, consisting of experienced professionals, will convene to deliberate on the identified matters, taking into consideration the interests of the company, its stakeholders, and the industry as a whole. The decisions made during the meeting may have a significant impact on the future trajectory of Zahur Cotton Mills Limited.

Karachi, Towellers Limited's Board of Directors has made the decision to cancel the scheduled Extraordinary General Meeting (EOGM) slated for June 23rd, 2023. The company's plan to increase its authorized share capital has been scrapped, prompting the withdrawal of the previously announced Notice of EOGM. Additionally, the change in book closure, originally set for June 17th, 2023 in preparation for the EOGM, has been canceled.

Moreover, the distribution of the company's annual audited financial statements to its members, which had been approved during the Board of Directors meeting held on June 2nd, 2023, has been deferred. Instead of circulating the statements through a QR-enabled code and weblink as initially planned, this process will now take place during the next general meeting of the Company.

Karachi, in a significant development, Nadeem Textile Mills Limited has announced an upcoming board meeting that will take place on Friday, June 16th, 2023, in Karachi. The primary agenda of the meeting will be centered on the cancellation of the previously scheduled Extraordinary General Meeting (EGM).

In compliance with regulatory requirements, the company has also declared a Closed Period, which will be in effect from Nil to Nil. During this Closed Period, no Director, CEO, or executive associated with Nadeem Textile Mills Limited will be allowed to engage in any form of direct or indirect share dealings within the company.

The decision to cancel the EGM indicates a potential shift in the company's direction, prompting the board to reassess the need for an extraordinary gathering of shareholders. This meeting comes at a critical juncture for Nadeem Textile Mills, as the board of directors, with their extensive experience and expertise, aims to strategize and navigate the company's path forward.

Karachi, First UDL Modaraba has commenced its highly anticipated board meeting on June 15, 2023, in Karachi. The meeting, which is currently in progress, aims to address crucial matters concerning the organization's operations and future strategies.

The Board of Directors, comprised of esteemed individuals with extensive experience in finance and business, convened to discuss various aspects of First UDL Modaraba's performance. The agenda encompasses a wide range of topics, including financial results, investment opportunities, risk management, and compliance matters.

During the meeting, the Board is expected to evaluate the company's financial performance over the past quarter, analyzing revenue growth, profitability, and asset quality. Additionally, they will review the implementation of previous decisions and initiatives undertaken to enhance operational efficiency and customer experience.

In light of the ever-changing economic landscape, the Board of Directors will also explore potential investment avenues to diversify First UDL Modaraba's portfolio. They will assess new projects and evaluate their viability in terms of profitability and risk management.

Karachi, In a recent announcement, Blessed Textiles Limited has scheduled a board meeting to be held on June 16, 2023, in Karachi. The primary agenda of the meeting is to reconsider the holding of an Extraordinary General Meeting (EOGM) originally scheduled for June 23, 2023. The EOGM was intended for obtaining member approval on various matters, including the proposed increase in authorized capital and other agenda items.

To ensure transparency and compliance, Blessed Textiles Limited has also declared a "Closed Period" from June 15 to June 16, 2023. As a result, it is strictly prohibited for any director, CEO, or executive associated with the company to engage in any form of direct or indirect trading involving the company's shares during this closed period.

The board meeting holds significant importance as it will determine the future course of action regarding the EOGM and its agenda items. The decision reached by the board will be communicated promptly to the stakeholders and the market.

Investors and shareholders eagerly await the outcome of the board meeting, as it could potentially impact the company's future plans and strategic direction. Further updates regarding the decisions made in the board meeting will be provided as they become available.

Karachi, Chenab Limited has announced that a board meeting of its esteemed Board of Directors is set to take place on June 22, 2023, in Faisalabad. The primary agenda of the meeting will be to deliberate upon the Annual Accounts for the period ending June 30, 2020, and potentially declare any entitlement associated with it.

To ensure fairness and adherence to corporate governance practices, Chenab Limited has concurrently declared a Closed Period, effective from June 15, 2023, until June 22, 2023. This directive mandates that no Director, CEO, or Executive of the company may engage, either directly or indirectly, in any form of share transactions during this Closed Period.

The imposition of a Closed Period aligns with the company's commitment to maintain transparency and prevent any potential conflicts of interest. By temporarily restricting share dealings, Chenab Limited aims to create an equal and level playing field for all stakeholders involved.

Karachi, Faisal Spinning Mills Limited has called for a special Board of Directors meeting to reconsider the scheduled Extraordinary General Meeting (EOGM) slated for 23rd June 2023. The primary agenda item to be reevaluated is the proposed increase in authorized capital, along with other important matters.

The crucial board meeting is set to take place on 16th June 2023 in Karachi, where the directors will deliberate on the implications of the proposed changes and gather insights to make an informed decision. This unforeseen development has sparked curiosity among shareholders and industry observers, eager to understand the motives behind the potential alteration.

To ensure a fair and transparent decision-making process, the company has promptly declared a "Closed Period" from 15th June 2023 to 16th June 2023. During this period, directors, CEOs, and executives are strictly prohibited from engaging in any direct or indirect dealings involving Faisal Spinning Mills Limited shares.

Karachi, Habib Sugar Mills Limited has officially announced the cancellation of its highly anticipated Extra-Ordinary General Meeting (EOGM) that was set to take place on June 23, 2023. Shareholders of the company received a notice informing them of the unexpected decision made by the Board of Directors.

The cancellation of the EOGM comes as a shock to the shareholders who were eagerly awaiting the meeting to discuss crucial matters related to the company's future. Speculation and curiosity surround the reasons behind this sudden change of plans, leaving stakeholders seeking answers.

Karachi, Ghani Value Glass Limited's Board of Directors has announced the cancellation of the highly anticipated Extraordinary General Meeting (EOGM) scheduled for June 19, 2023. The decision came as the board also withdrew the proposal to increase the authorized capital of the company, effectively deferring all agenda items originally planned for the EOGM to the next general meeting.

Additionally, the Book Closure period that had been determined for the EOGM, spanning from June 13, 2023, to June 19, 2023, has now been rendered null and void. The cancellation of the EOGM and subsequent withdrawal of the capital increase proposal has left stakeholders and shareholders in a state of uncertainty, eagerly awaiting further information regarding the company's future plans and strategies.

The cancellation of the EOGM, withdrawal of the capital increase proposal, and the subsequent deferral of agenda items to the next general meeting have undoubtedly sparked a sense of uncertainty within the company and its wider stakeholder community. The impact of this decision on the company's overall strategy, financial health, and shareholder confidence remains to be seen.

Karachi, In an extraordinary general meeting held on June 15th, 2023, shareholders of Sapphire Textile Mills Limited passed significant resolutions, shaping the future direction of the company. The meeting, attended by numerous shareholders, saw the approval of minutes from previous general meetings and the election of directors for the next three-year term.

Under ordinary business, the shareholders resolved to approve and confirm the minutes of the last general meetings held on October 26th, 2022, and December 2nd, 2022. This decision reflected the shareholders' trust and confidence in the accuracy and transparency of the company's previous meeting records.

In a crucial move, the shareholders elected directors to guide Sapphire Textile Mills Limited for the next three years, starting from June 15th, 2023. The following individuals were elected as directors of the company:

1. Mr. Mohammad Abdullah

2. Mr. Shahid Abdullah

3. Mr. Nadeem Abdullah

4. Mr. Ameer Abdullah

5. Mr. Yousuf Abdullah

6. Mr. Nabeel Abdullah

7. Mr. Umer Abdullah

Additionally, the shareholders elected independent directors, ensuring a balanced board that can provide objective insights and guidance. The independent directors elected were:

1. Mr. Shahid Shafiq

2. Mr. Mirza Saleem Baig

3. Ms. Mashmooma Zehra Majeed

The resolutions passed at the extraordinary general meeting highlight the shareholders' commitment to transparency, governance, and the long-term success of Sapphire Textile Mills Limited. As the company moves forward, it will undoubtedly benefit from the collective expertise and strategic direction of the newly elected directors, positioning it for continued success in the textile industry.