Multan: Reliance Weaving Mills Limited is set to hold its 34th Annual General Meeting (AGM) on October 28, 2024, at Multan, with provisions for virtual attendance. The agenda includes reviewing the past year’s financial outcomes and planning future corporate actions.

According to information available from the Pakistan Stock Exchange (PSX), the meeting will address several key items, including the confirmation of the minutes from the Extraordinary General Meeting held on March 29, 2024. Shareholders will examine the audited financial statements for the fiscal year ended June 30, 2024, along with reports from the directors and auditors.

The meeting’s agenda features the reappointment of the company's auditors, M/s. ShineWing Hameed Chaudhri & Co., recommended by both the Board Audit Committee and the Board of Directors for another term, emphasizing continuity in its auditing processes.

Special business to be discussed includes the ratification of transactions with related parties detailed in the financial statements and the authorization of similar transactions for the next fiscal year. A noteworthy proposal under Section 199 of the Companies Act, 2017, will seek shareholder approval for investments in associated companies as working capital loans.

The company has taken measures to enhance shareholder participation and transparency by providing electronic voting facilities and postal ballots for decisions on special business items. These efforts aim to align closely with regulatory guidelines and ensure robust shareholder engagement.

Furthermore, the company reminds shareholders that the Share Transfer Books will be closed from October 22 to October 28, 2024, for registration updates and voting preparations.