Karachi: In anticipation of the upcoming Annual General Meeting (AGM) scheduled for October 9, 2024, Ismail Industries Limited has announced enhancements to its voting process, including provisions for electronic voting and the publication of its postal ballot.
The company initially notified shareholders of the AGM date with a notice on September 18, 2024. According to information available from the Pakistan Stock Exchange (PSX), in further compliance with regulatory requirements, Ismail Industries has now published the postal ballot in both the "Business Recorder" (English) and "Nawa-i-Waqt" (Urdu) newspapers. Additionally, the ballot has been made available on the company's official website, adhering to the Companies (Postal Ballot) Regulation, 2018.
Furthering their commitment to accessibility and shareholder participation, the company has also introduced an electronic voting facility. This move is in line with Regulation 4 of the Companies (Postal) Ballot Regulation 2018, ensuring that all eligible members can cast their votes conveniently in accordance with applicable laws.
The implementation of electronic voting is aimed at facilitating a more efficient voting process during the AGM, allowing shareholders not present physically to partake in the governance of the company from remote locations.