Lahore: Shahzad Textile Mills Limited has announced its 48th Annual General Meeting (AGM) scheduled for October 28, 2026, at 12:30 p.m. The meeting will be held at the company's registered office located at Tricon Corporate Centre in Lahore and will also be accessible via video link. The agenda includes several key business items aimed at maintaining corporate governance and transparency.
Shareholders will be called upon to review and adopt the company's Annual Audited Financial Statements for the fiscal year ending June 30, 2026. These documents, along with the Directors' and Auditors' Reports, and the Chairman's Review Report, have been made available to shareholders through the company’s website. This initiative ensures that all stakeholders have access to the necessary financial information well ahead of the meeting.
Another vital item on the agenda is the appointment of auditors for the upcoming year. The Audit Committee and the Board of Directors have recommended the reappointment of M/s Crowe Hussain Chaudhry & Co., Chartered Accountants. This recommendation will be put forward to the shareholders for approval during the AGM.
The meeting will also address special business items. Shareholders will be asked to ratify and approve transactions with related parties conducted during the financial year that ended on June 30, 2026. These transactions were previously authorized by a special resolution passed at the last AGM on October 28, 2025. The Chief Executive of Shahzad Textile Mills Limited will seek authorization to approve future transactions with related parties in the ordinary course of business until the next AGM, scheduled for 2027.
According to information available from the Pakistan Stock Exchange (PSX), such meetings are a critical part of maintaining transparency and accountability within public companies. The AGM provides an opportunity for shareholders to engage directly with the company's leadership, ensuring that their interests are represented and that the company operates in alignment with shareholder expectations.
The upcoming AGM of Shahzad Textile Mills Limited is set to be a significant event in the company's calendar, offering a platform to discuss financial results, auditor appointments, and related party transactions, while fostering an environment of openness and accountability.