LAHORE: Ellcot Spinning Mills Ltd. has announced that its 36th Annual General Meeting (AGM) will be held at its registered office in Lahore and virtually on October 28, 2024. The agenda includes the adoption of the audited financial statements for the fiscal year ending June 30, 2024, and the declaration of a final dividend.

The company will confirm the minutes from the previous AGM, which took place on October 27, 2023. This year's meeting will allow shareholders to review and adopt the company's financial outcomes along with the Chairman's Review, and Directors' and Auditors' reports.

According to information available from the Pakistan Stock Exchange (PSX), shareholders are also set to approve a final cash dividend of Rs. 5 per share, equating to a 5.0% dividend rate for the fiscal year. Furthermore, the appointment of auditors for the next fiscal year and their remuneration will be discussed.

Ellcot Spinning Mills continues to provide detailed financial disclosures in compliance with Section 223 of the Companies Act 2017, as mandated by the Securities and Exchange Commission of Pakistan (SECP). All relevant financial statements and reports for the period are accessible via a dedicated web link and a QR code provided in the AGM notice.

The upcoming AGM underscores the company’s commitment to transparency and shareholder engagement amidst its financial deliberations and strategic planning for the coming year.