Karachi, Sana Industries Limited has announced the convening of its 286th Board of Directors meeting scheduled for October 5, 2023, in Karachi. The meeting will address various critical matters, and it's worth noting that a "closed period" has been established from September 28, 2023, to October 5, 2023, as per the SECP's Code of Corporate Governance (Revised), during which Directors, CEO, and Executives are prohibited from trading in the company's shares.

The agenda for the meeting includes the following key items:

Ordinary Business:

1. Confirmation of the minutes of the 285th Board meeting held on May 30, 2023.

2. Review and potential approval of the un-consolidated and consolidated audited accounts for the year ending June 30, 2023, along with the accompanying Auditors' and Directors' Report.

3. Consideration and approval of cash dividends for the year ending June 30, 2022.

4. Deliberation and approval of bonus shares (stock dividends) for the year ending June 30, 2022.

5. Discussion on the increase in remunerations for the Chief Executive and other full-time working Directors of the Company.

6. Review and approval of transactions conducted by Directors, CEO, Executives, their spouses, and substantial shareholders in the shares of the Company.

7. Ratification and approval of transactions with Related Parties for the year ending June 30, 2023.

8. Authorization of the Board of Directors to approve transactions with Related Parties for the financial year ending June 30, 2024.

9. Consideration and appointment of Auditors for the year ending June 30, 2023. M/s. Rahman Sarfaraz Rahim Iqbal Rafiq, Chartered Accountants, who are the present Auditors, are eligible for reappointment.

10. Finalization of arrangements and approval of the Notice for convening the 38th Annual General Meeting of the Shareholders.

11. Any other matters to be discussed with the permission of the Chair.

The meeting is expected to address a range of significant corporate matters, and shareholders and stakeholders will be closely watching the outcomes of these discussions as they pertain to the future direction of Sana Industries Limited.