Lahore: Ellcot Spinning Mills Limited has scheduled its 38th Annual General Meeting (AGM) for October 28, 2026. The meeting will commence at 11:30 a.m. at the company's registered office located at Nagina House, 91-B-1, M.M. Alam Road, Gulberg-III, Lahore, as well as virtually via video conference.

The AGM will address several key items of business. Among the ordinary business to be conducted, shareholders will read and confirm the minutes from the Extraordinary General Meeting held on January 26, 2026. Additionally, the meeting will involve the receipt, consideration, and adoption of the audited financial statements for the fiscal year ending June 30, 2026, along with the Chairman's Review Report and the Directors' and Auditors' reports.

A significant point of discussion will be the proposed final cash dividend of Rs. 6.50 per share, equating to 65% for the year ending June 30, 2026, as recommended by the Board of Directors. Shareholders will also appoint statutory auditors for the year ending June 30, 2027, and determine their remuneration.

In terms of special business, the AGM will consider the ratification and approval of transactions carried out with related parties during the fiscal year ending June 30, 2026. The Board of Directors is also seeking authorization to approve related party transactions in the normal course of business for the financial year 2027, subject to shareholder approval in the subsequent AGM.

According to information available from the Pakistan Stock Exchange (PSX), details of these transactions are disclosed in Note 42 of the financial statements for the year ended June 30, 2026.

The meeting will conclude with the transaction of any other ordinary business permitted by the Chair, as well as statements relating to special business under Section 134 (3) of the Companies Act, 2017, and the Companies (Investment in Associated Companies or Associated Undertakings) Regulations, 2017.