Islamabad: Saif Power Limited, a notable entity in the energy sector, has announced the convening of its 21st Annual General Meeting (AGM) scheduled for April 30, 2025. The meeting will take place at Kehakshan Hall 2, located on the ground floor of the Islamabad Hotel, G-6 Civic Centre, Melody Chowk, Islamabad, commencing at 11:00 am.

The AGM will address several key issues, primarily focusing on the approval of the audited financial statements for the year ending December 31, 2024. Shareholders will be called upon to review and adopt these financial statements alongside the accompanying Directors' and Auditors' reports.

A significant agenda item is the appointment of new auditors. The Board of Directors, following recommendations from the Audit Committee, has proposed Messers KPMG Taseer Hadi and Co., Chartered Accountants, Islamabad, as the external auditors. This proposal is set to replace the retiring auditors, Messers Grant Thornton Anjum Rahman (GTAR), Chartered Accountants, Islamabad.

In terms of special business, the meeting will consider ratifying and approving transactions with associated companies within Saif Power Limited’s ordinary business operations. These transactions, as disclosed in the financial statements for the year ending December 31, 2024, involve sharing administrative expenses with related entities. Additionally, the Chief Executive Officer has been empowered to oversee and authorize similar transactions through the end of 2025.

According to information available from the Pakistan Stock Exchange (PSX), Saif Power Limited is a key player in the designated market category it operates in, maintaining a robust portfolio that underscores its financial and operational strategies.

The meeting will also allow for the transaction of any other business with the chair's permission, offering shareholders a comprehensive overview of the company's trajectory and strategic outlook for the coming year.