Karachi: Tri-Star Mutual Fund Ltd. has scheduled its 32nd Annual General Meeting (AGM) for October 28, 2024, to be held at Karachi. The agenda includes the recitation from the Holy Quran, adoption of audited financial accounts for the period ending June 30, 2024, approval of a 10% cash dividend, and the appointment of auditors with agreed remuneration.

The meeting will begin with a recitation from the Holy Quran, followed by a review and adoption of the audited accounts as well as the directors’ and auditors' reports for the fiscal year ended June 30, 2024. The board has recommended a dividend payment of Rs. 1.00 per share, equating to a 10% payout. There will also be discussions to appoint and set the remuneration for the company’s auditors.

In addition, the company will close its share transfer books from October 25, 2024, to November 6, 2024, inclusive. Shareholders interested in participating via video conference are instructed to register by sending requisite personal details to [email protected] at least 48 hours before the AGM. According to information available from the Pakistan Stock Exchange (PSX), the company emphasizes the need for participants to provide accurate identification to facilitate remote attendance.

The guidelines also outline the procedure for shareholders wishing to vote by proxy, requiring the proxy forms to be received and verified at least 48 hours before the meeting, with all necessary documentation, including signed and witnessed forms, submitted in compliance with the outlined terms.

Members are urged to update any changes in their address with the Shares Registrar immediately to ensure all communications are received promptly. The audited financial statements have also been made available on the company's website for review by shareholders.

The upcoming AGM will cover essential topics including shareholder dividends, financial health, and corporate governance, crucial for the company’s strategic direction and compliance with regulatory requirements.