Karachi: AKD Hospitality Limited has announced the convening of its Annual General Meeting (AGM) on October 27, 2026, at 11:00 A.M. The meeting will be held at the 5th Floor of the Continental Trade Centre (CTC) in Clifton, Karachi, and will also be accessible online via Zoom. This gathering will address several key points of business for the hospitality group.
The agenda for the meeting includes the confirmation of minutes from the previous AGM held on October 28, 2025. Shareholders will also receive, consider, and adopt the audited annual financial statements for the fiscal year ending June 30, 2026. These statements are accompanied by the Chairperson's Review, Directors', and Auditors' Reports, providing a comprehensive overview of the company's financial health and operational performance over the last year.
Another significant item on the agenda is the appointment of auditors for the upcoming fiscal year ending June 30, 2027. The Board of Directors, following a recommendation from the Audit Committee, has proposed the re-appointment of M/s Riaz Ahmad & Co., Chartered Accountants, to continue as the external auditors for the company.
In addition to these items, the meeting will also involve the election of seven directors in line with the provisions stated in Section 159(1) of the Companies Act 2017. The retiring directors, as listed, include Mr. Nadeem Saulat Siddiqui, Ms. Huma Khurram Rashid Paracha, Ms. Uzma Paracha, Mr. Kanwar Adeel Zaman, Mr. Muhammad Sohail, and Mr. Aamir Nazir Dhedhi. Shareholders will vote to determine the composition of the board moving forward.
The AGM will also entertain any other business that may arise with the Chair's permission, ensuring a comprehensive forum for shareholder engagement and decision-making.
According to information available from the Pakistan Stock Exchange (PSX), AKD Hospitality Limited operates within the designated market category, reflecting its positioning and performance in the hospitality sector. The outcomes of this meeting could potentially influence market perceptions and shareholder interests in the company.