Karachi: Blessed Textiles Limited has scheduled its 37th Annual General Meeting (AGM) for members on October 28, 2024, where it plans to discuss and adopt the latest audited financial statements among other agenda items. The meeting will focus on the formal adoption of the financial results for the year ended June 30, 2024, and the reappointment of the company’s auditors.
The upcoming AGM will validate the minutes from the previous meeting held on October 27, 2023. Key on the agenda is the adoption of audited financial statements along with the directors’ and auditors’ reports for the fiscal year that concluded on June 30, 2024. These documents are essential for shareholders to assess the company’s financial health and strategic direction.
According to information available from the Pakistan Stock Exchange (PSX), the financial statements and supporting documents have been made accessible online in compliance with Section 223 of the Companies Act, 2017, as detailed by S.R.O. 389(I)/2023 dated March 21, 2023. Shareholders are encouraged to review these documents ahead of the AGM to facilitate informed discussions and decisions. The reports can be downloaded from the company’s website through the provided URL and a QR-enabled code.
Another significant item on the agenda is the appointment of the auditors for the next fiscal year, 2024-2025. The current auditors, Messer’s Rahman Sarfaraz Rahim Iqbal Rafiq, Chartered Accountants, have expressed their eligibility and willingness for reappointment. The proposed remuneration for the auditors is set at PKR 2.00 million, consistent with the previous year.
The AGM represents a pivotal moment for Blessed Textiles Limited to engage with its shareholders about past performances and future prospects, ensuring transparency and governance in line with statutory requirements.