Karachi, Power Cement Limited has officially issued a notice for its 32nd Annual General Meeting (AGM), scheduled to take place on October 25, 2023. The AGM will be held in Karachi and will also offer a virtual option through a video-link facility, ensuring accessibility to all stakeholders.

The key agenda items for the meeting include:

1. Confirmation of Previous Minutes:

The first order of business will be to confirm the minutes of the 31st Annual General Meeting held on October 28, 2022.

2. Review of Financial Statements:

Shareholders will receive, consider, and adopt the annual audited financial statements for the fiscal year ending on June 30, 2023. These financial statements will be accompanied by the Directors' and Auditors' reports.

3. Auditor Appointment:

The AGM will address the appointment and remuneration of auditors for the fiscal year ending on June 30, 2024. The present auditors, M/s. A. F. Ferguson & Co., Chartered Accountants, have offered themselves for re-appointment and will be considered by the shareholders.

In addition to the main agenda items, the notice also specifies the closure of Share Transfer Books. The Share transfer books of the company will remain closed from October 18, 2023, to October 25, 2023. Any transfers received by the Company's Share Registrar, M/s. CDC Share Registrar Services Limited, Karachi, until the close of business on October 16, 2023, will be considered in time for the Annual General Meeting.

The AGM is a vital event for Power Cement Limited, allowing shareholders to actively participate in the company's decision-making process and gain insights into its financial performance. The virtual option for the meeting reflects the company's commitment to ensuring a transparent and accessible platform for all stakeholders, regardless of their geographical location.

Power Cement Limited encourages all shareholders to participate in the 32nd Annual General Meeting and exercise their voting rights in these important matters. The company looks forward to another successful year and continued growth.