Faisalabad: Amtex Limited is scheduled to hold its Annual General Meeting (AGM) on October 28, 2024, in Faisalabad. The meeting aims to address several critical points of business concerning the previous fiscal year and to lay down plans for the forthcoming year.

The agenda for the AGM includes confirming the minutes of the last AGM held on October 28, 2023. This will be followed by a review and adoption of the Audited Accounts for the fiscal year that concluded on June 30, 2024. The financial statements will be presented along with the Directors’ and Auditors’ reports, offering shareholders insights into the company's financial health and operational achievements over the past year.

According to information available from the Pakistan Stock Exchange (PSX), another significant item on the agenda is the re-appointment of the company's external auditors, M/s. Zahid Jamil and Company, Chartered Accountants. The Audit Committee and the Board of Directors recommend their reappointment for the fiscal year 2024-25, and the shareholders will also fix their remuneration during the meeting.

Furthermore, the AGM will provide an opportunity for the transaction of any other business that may arise, with the permission of the chair. This open agenda item allows for the addressing of emerging issues and concerns raised by shareholders, ensuring flexibility and responsiveness in corporate governance.

This AGM marks a pivotal event for Amtex Limited, as it continues to navigate the challenges and opportunities of the current economic environment. Shareholder engagement and transparent financial reporting are critical to the company’s strategy for maintaining trust and securing investor confidence.