Lahore: Nazir Cotton Mills Limited has announced an Extraordinary General Meeting (EOGM) to be held on June 3, 2025, in Lahore, with an option for shareholders to participate via video link. The meeting is convened to discuss and potentially approve the disposal of the company's dilapidated building.

The agenda for the EOGM includes the consideration of a special business resolution, which would authorize the sale of the deteriorating structure. Shareholders will have the opportunity to vote on the proposal, with the possibility of modifications, additions, or deletions to the resolution as specified in the accompanying statement of material facts. This document has been distributed to members in compliance with section 134 of the Companies Act, 2017.

Nazir Cotton Mills Ltd., listed within the designated market category of the Pakistan Stock Exchange (PSX), is taking this step as part of its strategic asset management. The decision to bring this matter before the shareholders underscores the company's commitment to transparency and shareholder engagement in significant corporate decisions.

According to information available from the Pakistan Stock Exchange (PSX), Nazir Cotton Mills Ltd. is actively engaging its shareholders to ensure that the decision regarding the building's disposal aligns with the interests of all stakeholders involved. The forthcoming resolution, if approved, will allow the company to move forward with the asset disposal, potentially impacting its financial and operational strategies.

The EOGM's outcome will be closely observed by market participants, as it may influence the company's future asset management and overall corporate strategy. Shareholders are encouraged to review the statement of material facts thoroughly to make an informed decision during the meeting.