Karachi: Feroze1888 Mills Limited has announced the agenda for its 54th Annual General Meeting, scheduled to take place in the coming weeks. According to a report dated October 6, 2026, the meeting will address both ordinary and special business matters.

The ordinary business on the agenda includes receiving, considering, and adopting the company's Annual Audited Financial Statements for the fiscal year ending June 30, 2026. The meeting will also feature the Chairman's Review, along with the Directors' and Auditors' reports. Another key item is the appointment of statutory auditors for the fiscal year ending June 30, 2027. The current auditors, M/s. Grant Thornton Anjum Rahman, Chartered Accountants, having retired, are eligible and have expressed their willingness to continue in the role.

In terms of special business, shareholders will be asked to ratify an additional audit fee of Rs. 500,000 for the financial year 2025-26. This fee was charged by M/s. Grant Thornton Anjum Rahman for auditing the consolidated financial statements and comes recommended by the Board of Directors. A statement detailing the material facts of this special business, as required under Section 134(3) of the Companies Act, 2017, is attached to the notice.

Additionally, the meeting agenda makes provision for discussing any other business with the Chair's permission.

According to information available from the Pakistan Stock Exchange (PSX), this meeting is a significant event for Feroze1888 Mills Limited, which operates in the textile sector, as it provides an opportunity for shareholders to engage with the company's leadership and make crucial decisions regarding its financial and operational strategies.

Shareholders and stakeholders in the textile industry will be watching closely as the meeting unfolds, given the potential implications for the company’s future direction and governance.