Karachi: Notice has been officially issued to the members of Feroze1888 Mills Limited regarding the upcoming 52nd Annual General Meeting (AGM) to be held on October 28, 2024, via a dual platform of in-person and video link. The AGM will cover various statutory and strategic points including the ratification of financial statements and the appointment of external auditors.

The primary agenda of the AGM includes the confirmation of the minutes from the previous meeting held on October 27, 2023. Members will also review and adopt the annual audited financial statements for the fiscal year that concluded on June 30, 2024. According to information available from the Pakistan Stock Exchange (PSX), these documents have been made accessible online since September 2024, aligning with regulatory requirements under Section 223 of the Companies Act, 2017, and SRO 389(I)/2023 dated March 21, 2023. Interested parties can download the statements using the provided link or QR code from the company's website.

In addition to financial reviews, the meeting will address the appointment and remuneration of external auditors for the upcoming fiscal year. The Board, following recommendations from the Board Audit Committee, has nominated Grant Thornton Anjum Rahman, Chartered Accountants, to continue their role for the financial year 2024-25. This nomination signifies continuity in the company's auditing processes, reflecting the firm’s previous satisfactory performance and compliance adherence.

These proceedings underscore Feroze1888 Mills Limited’s commitment to transparency and regulatory compliance, ensuring that all shareholders are well-informed and involved in pivotal decisions that shape the company's future.