Lahore: Itnaz Technologies Limited, formerly known as Zahur Cotton Mills Limited, has announced the convening of an Extraordinary General Meeting (EOGM) scheduled for December 31, 2025, at its registered office in Lahore. The meeting is set to commence at 10:00 am PST, aiming to address key company business, including the election of directors and approval of previous meeting minutes.
The primary agenda at the EOGM will involve the election of seven directors, as fixed by the Board, in accordance with Section 159 of the Companies Act, 2017. The current directors, who are retiring and eligible for re-election, include Mr. Imran Zaid, Ms. Javeria Malik, Mr. Syed Jawed Ali, Mr. Muhammad Sheraz, Mr. Muhammad Faheem Qureshi, Ms. Sana Malik, and Ms. Azra Parveen.
The company has emphasized the importance of timely participation in the meeting, noting that the share transfer books will be closed from December 25 to December 31, 2025. Physical transfer and CDS transaction IDs received by the share registrar, F.D. Registrar Services Pvt. Ltd., by December 24, 2025, will be considered valid for voting and attendance purposes.
In line with regulatory requirements, any individual intending to contest the election must submit their intention to offer themselves for election, along with a consent declaration, no later than 14 days before the meeting. This process is governed by Section 159(3) of the Companies Act, 2017.
For members unable to attend in person, proxy voting is allowed, with proxies required to be submitted 48 hours before the meeting. The company also offers the option of video-link participation, following directives from the Securities and Exchange Commission of Pakistan (SECP) to facilitate shareholder engagement through digital means.
According to information available from the Pakistan Stock Exchange (PSX), Itnaz Technologies Limited is preparing for this pivotal meeting amidst a backdrop of regulatory compliance and shareholder engagement. The process will be overseen by S.M Sohail & Co., Chartered Accountants, appointed as the scrutinizer to ensure the integrity of the voting process, supported by Digital Custodian Company Limited as the e-voting service provider.
In a move consistent with Section 185 of the Companies Act, 2017, no gifts will be distributed at the meeting. The company remains committed to transparency and adherence to the statutory framework governing corporate practices.
The EOGM represents a significant event for Itnaz Technologies Limited, focusing on governance and the strategic direction of the company as it continues its operations in the technology sector. Shareholders and interested parties are encouraged to participate actively in shaping the company's future through this meeting.