Lahore: Khalid Siraj Textile Mills Limited has scheduled an Extraordinary General Meeting (EGM) for April 14, 2025, at 10:00 a.m. The meeting will take place at the company's premises, located at 135-Upper Mall, Lahore. The primary agenda includes confirming the minutes of the last Annual General Meeting and electing seven directors for the board.

The meeting will serve to confirm the minutes from the most recent Annual General Meeting, which occurred on January 31, 2025. The directors' election is scheduled as per the resolution passed by the board on March 21, 2025. This action aligns with Section 159(1) of the Companies Act, 2017, which governs the appointment process.

The list of retiring directors who are eligible and willing to stand for re-election includes Mian Iqbal Barkat, Mian Hassan Barkat, Mrs. Abida Iqbal, Mrs. Rafia Hassan, Mr. Abul Razzaq Khan, Mr. Muhammad Umair Younas Lone, and Mr. Muhammad Musaddaq.

Shareholders are also informed that a statement under Section 166(3) of the Companies Act, 2017, addressing the criteria for independent directors, is being distributed alongside the meeting notice. The meeting may also cover any additional business permitted by the Chair.

According to information available from the Pakistan Stock Exchange (PSX), Khalid Siraj Textile Mills Limited is categorized under the textile sector. The upcoming elections and any decisions made during the EGM could potentially impact the company's direction and performance in the sector.