Faisalabad: Asim Textile Mills Limited has scheduled its forthcoming Annual General Meeting (AGM) for October 28, 2024, at Faisalabad. The agenda includes several key points such as the approval of financial statements for the year ended June 30, 2024, and the appointment of auditors.

The meeting will review the minutes of the Extraordinary General Meeting held on April 1, 2024. It will also receive, consider, and adopt the audited accounts of the company for the fiscal year that ended on June 30, 2024, alongside the Directors' and Auditor's reports. M/S Kreston Hyder Bhimji and Co., Chartered Accountants, have been nominated to be appointed as the company’s auditors for the year ending June 30, 2025.

The AGM is set to pass various resolutions involving the company’s governance and financial practices. One of the resolutions will address the issuance of financial instruments by Asim Textile Mills Limited ("the Company") as a single unit within the permissible legal and regulatory framework, particularly under the regulation S.R.O. 389(1)/2023 dated March 21, 2023.

According to information available from the Pakistan Stock Exchange (PSX), further details include the company’s compliance with the Securities and Exchange Commission of Pakistan's (SECP) directives regarding the issuance of shares and other securities, ensuring the distribution of the company’s annual report to shareholders who have requested it in accordance with SECP's regulation.

In addition to the above items, the meeting will conduct any other business with the permission of the chair. The transfer books of the company will remain closed from October 21, 2024, to October 28, 2024, for transfer purposes.

The company has emphasized the importance of the shareholders' presence at the meeting and has outlined specific instructions for shareholders who wish to receive the Notice and Annual Financial Statements in compliance with SECP’s directives issued on September 8, 2014.