LAHORE: Nishat Mills Limited has scheduled its Annual General Meeting (AGM) for October 28, 2024, at Lahore’s Trade and Finance Centre Block. The meeting, set will address significant financial decisions, including the adoption of financial statements and dividend approval, as disclosed in a recent notice from the company.

Shareholders of Nishat Mills Limited are set to convene late October to review and potentially approve the audited un-consolidated and consolidated financial statements for the fiscal year ending June 30, 2024. The agenda includes the consideration of the Chairman’s Review along with Directors’ and Auditors’ reports. According to information available from the Pakistan Stock Exchange (PSX), the meeting’s significance is heightened by its alignment with the company's financial disclosures available on their official site.

Further, the assembly will deliberate on the proposal of a final cash dividend at the rate of 30%, which translates to Rs. 3 per ordinary share, following recommendations from the Board of Directors. Another critical item on the agenda is the appointment of statutory auditors for the fiscal year 2024-25 and the determination of their remuneration.

The notice, sent out to TRE certificate holders, underlines the importance of circulating it among relevant stakeholders to ensure compliance and informed participation.