Karachi: Sapphire Fibres Limited has officially announced the convening of its 47th Annual General Meeting (AGM) on October 28, 2026. The meeting is set to take place at Theatre Hall "A", IBA City Campus, located on Garden Kiyani Shaheed Road, commencing at 03:00 p.m.

The agenda for the meeting includes several key items, starting with the confirmation of the minutes from the last general meeting held on July 20, 2026. Shareholders will also review and adopt the audited financial statements for the fiscal year ending June 30, 2026, along with the Chairman's Review, Directors', and Auditors' Reports. Another significant point on the agenda is the approval of the final dividend for the aforementioned fiscal year.

Moreover, the appointment of auditors for the fiscal year ending June 30, 2027, is scheduled. The current auditors, M/s Shinewing Hameed Chaudhri & Co., Chartered Accountants, will retire and are offering themselves for reappointment.

Special business to be addressed includes the approval of resolutions concerning related party transactions under Section 208 of the Companies Act, 2017. The resolutions seek to ratify and confirm transactions conducted during the year as disclosed in the unconsolidated financial statements. Additionally, the Board of Directors is to be authorized to approve future related party transactions on a case-by-case basis for the upcoming fiscal year, with these transactions subject to subsequent shareholder ratification.

Sapphire Fibres Limited operates within the designated market category. According to information available from the Pakistan Stock Exchange (PSX), the company's adherence to regulatory protocols and shareholder engagement through such meetings reflects its commitment to corporate governance.

The meeting will also provide an opportunity to discuss any other business, contingent on the Chair's approval. A statement of material facts, as mandated under section 134(3) of the Companies Act, 2017, accompanies the notice to cover the special business items.