Karachi: Dewan Mushtaq Textile Mills Limited has announced that its 63rd Annual General Meeting (AGM) will be held on Thursday, March 26, 2026, at 3:00 p.m. The meeting will convene at the Dewan Cement Limited Factory Site in Deh Dhando, Dhabeji, District Malir, Karachi, Pakistan.
The agenda for the AGM includes the confirmation of the minutes from the preceding Annual General Meeting held on April 14, 2025. Additionally, shareholders will review, consider, approve, and adopt the audited financial statements for the year ending June 30, 2024, along with the Directors’ and Auditors’ Reports. The appointment of statutory auditors for the year ending June 30, 2025, and the determination of their remuneration will also be addressed.
In preparation for the AGM, the share transfer books of the company will be closed from March 19 to March 26, 2026, inclusive. Transfers will be accepted at the share registrar office, M/s. BMF Consultants Pakistan (Private) Limited, located at Anum Estate Building in Karachi.
Shareholders entitled to attend and vote may appoint proxies to represent them. Proxies must be submitted at the Shares Registrar Office at least 48 working hours before the meeting. Holders of CDC accounts must adhere to guidelines from the Securities and Exchange Commission of Pakistan to participate.
According to information available from the Pakistan Stock Exchange (PSX), members holding 10% or more shareholding can request a video conference facility to join the AGM. The company requires notice of such intentions at least seven days before the meeting date. If conditions are met, members will receive full details to access the facility.
Furthermore, shareholders can attend the AGM online via Zoom. Registration is required by sending a request to the company’s email by March 24, 2026. The Zoom link will be sent to the contact details provided in the request form.
In compliance with the Companies Act, 2017, physical shareholders are encouraged to convert their shares to book-entry form. They are advised to open a CDC Investor Account or CDC Sub-Account to facilitate this transition. Physical shareholders must also update their mandatory information with the company’s share registrar to ensure compliance and avoid future inconvenience.