Karachi: Sakrand Sugar Mills Limited has announced the 37th Annual General Meeting (AGM) to be held on January 28, 2026, at the Institute of Chartered Accountants Auditorium in Clifton, Karachi. The gathering is scheduled for 3:00 PM, according to a notice released by the company.
The agenda for the meeting includes several key items of ordinary business. Shareholders will be asked to confirm the minutes from the previous AGM held on January 28, 2025. Additionally, the meeting will cover the receipt, consideration, and adoption of the audited financial statements for the fiscal year ending September 30, 2025, along with the accompanying directors' and auditors' reports.
A crucial item on the agenda is the appointment of auditors for the upcoming fiscal year ending September 30, 2026. The Board of Directors has recommended Parker Russell-A.J.S. Chartered Accountants for this role. Shareholders will also have the opportunity to discuss any other business with the permission of the Chairman.
In preparation for the AGM, Sakrand Sugar Mills Limited has announced the closure of its Share Transfer Books from January 21, 2026, to January 28, 2026. This measure ensures that only transfers received by the close of business on January 20, 2026, will be eligible for participation and voting at the meeting.
The company is offering virtual participation options for shareholders wishing to attend the meeting remotely. Interested parties are encouraged to register via email by January 26, 2026, to receive video link credentials. The virtual platform will open 30 minutes prior to the official start time, allowing participants to complete necessary identification processes.
Shareholders who are unable to attend the meeting are permitted to appoint proxies. Proxies must be submitted 48 hours before the meeting to be effective. Furthermore, documentation such as CNICs or passports is required for identification purposes for both attendees and proxy holders.
The company has also reminded shareholders of the Securities and Exchange Commission of Pakistan's directive to convert physical shares into book-entry form as per Section 72 of the Companies Act, 2017. This conversion is encouraged to enhance the security and management of shares.
Additionally, audited financial statements for the year ending September 30, 2025, are available on the company’s website, providing shareholders with the opportunity to review financial performance and reports ahead of the meeting.
According to information available from the Pakistan Stock Exchange (PSX), Sakrand Sugar Mills Limited is categorized under the designated market for sugar-related businesses.
For further information or assistance, shareholders are instructed to contact the company's independent share registrar, M/s JWAFFS Registrar Services (Pvt.) Ltd.