Karachi: Feroze1888 Mills Limited has announced the schedule and agenda for its 54th Annual General Meeting (AGM), set to take place on October 27, 2026, at 4:00 p.m. The meeting will be held at the company's premises at C-3, SITE, Karachi, and will also be accessible via video link.

The agenda for the AGM includes the presentation and adoption of the company's Annual Audited Financial Statements for the fiscal year ending June 30, 2026. This will be combined with the Chairman's Review, along with the Directors' and Auditors' reports. The meeting will also involve the appointment of statutory auditors for the upcoming fiscal year ending June 30, 2027. The current auditors, M/s. Grant Thornton Anjum Rahman, Chartered Accountants, have retired but are eligible and have offered themselves for reappointment.

In addition to the ordinary business, the AGM will address special business matters. Key among these is the ratification of an additional audit fee of Rs. 500,000 for the fiscal year 2025-2026, charged by M/s. Grant Thornton Anjum Rahman for auditing the consolidated financial statements. The Board of Directors has recommended the ratification, which is to be formalized through an ordinary resolution.

The meeting will also provide a platform for any other business transactions subject to the chair's approval. Feroze1888 Mills Limited operates within the designated market category of textile manufacturing, focusing on producing and exporting terry towels.

According to information available from the Pakistan Stock Exchange (PSX), the company's performance and upcoming AGM are significant events for stakeholders and investors, reflecting the company's ongoing commitment to transparency and regulatory compliance.