Faisalabad: Asim Textile Mills Limited has announced its Annual General Meeting, scheduled for October 28, 2026, at 10:00 AM. The meeting will take place at the company's registered office, JK House, located in Madina Town, Faisalabad. Key agenda items include the confirmation of minutes from the previous year's meeting, the adoption of the audited accounts for the year ended June 30, 2026, and the appointment of auditors for the upcoming financial year ending June 30, 2027.

The company has received a proposal to appoint M/S Kreston Hyder Bhimji & Co. Chartered Accountants as the auditors for the next year. This appointment will be considered during the meeting, along with the determination of their remuneration.

In a move to modernize communication with shareholders, Asim Textile Mills Limited will also consider resolutions to enable the circulation of annual audited financial statements via QR-enabled codes and weblinks. This proposal aligns with the Securities and Exchange Commission of Pakistan's notification number S.R.O. 389(1)/2023, dated March 21, 2023, and aims to replace the current practice of distribution through CDs.

According to information available from the Pakistan Stock Exchange (PSX), the adoption of digital methods reflects a growing trend among companies to enhance efficiency and accessibility in shareholder communications. The resolution requires a simple majority to pass, and compliance with all regulatory requirements is assured.

The meeting will also address any other business with the chair's permission, marking a comprehensive agenda for the company's stakeholders.