Karachi: Paramount Spinning Mills Limited has announced its upcoming Annual General Meeting (AGM) to be held in Karachi on October 28, 2024. The meeting aims to address multiple key business matters.

The primary agenda for the AGM includes the confirmation of the minutes from the last meeting. Additionally, stakeholders are set to review and approve the audited financial statements for the fiscal year that concluded on June 30, 2024. These financial documents, alongside the Directors’ and Auditors’ Reports, will be critically evaluated.

According to information available from the Pakistan Stock Exchange (PSX), another significant item on the agenda is the reappointment of the company’s auditors. The current auditors, M/s Malik Haroon Ahmad and Co, formerly known as Malik Haroon Shahid Safder and Co., Chartered Accountants, are seeking re-election for the upcoming fiscal year 2024-2025. Their remuneration will also be determined during this session.

The meeting will conclude with the opportunity to address any additional matters, provided they have the Chairman’s approval. This gathering is crucial for the company’s stakeholders to align on future strategies and maintain rigorous financial oversight.