Karachi: The shareholders of Gulistan Spinning Mills Limited will gather for their Annual General Meeting (AGM) scheduled for October 28, 2024, in Karachi, where key financial and administrative matters are on the agenda.

The meeting aims to ratify the minutes of the last AGM and review the company's financial performance for the year ended June 30, 2024. Shareholders will examine the audited financial statements along with reports from the directors and auditors. According to information available from the Pakistan Stock Exchange (PSX), the proposed agenda reflects a structured approach to governance and accountability within the company.

A critical item on the agenda is the reappointment of the company’s auditors. M/s Malik Haroon Ahmad and Co, previously known as Malik Haroon Shahid Safder and Co, Chartered Accountants, will seek reappointment for the 2024-2025 fiscal year. Their remuneration is also to be decided during the meeting.

Additionally, the AGM will provide a platform for addressing other pertinent business matters, subject to the chairman's approval. This gathering is a significant event in the company’s calendar, impacting not only the shareholders but also the broader financial community tracking the performance and prospects of Gulistan Spinning Mills Limited.