Karachi: Dewan Textile Mills Limited has received approval from the Securities & Exchange Commission of Pakistan (SECP) for an extension in the time allocated for the holding of its Annual General Meeting (AGM) for the fiscal year ending June 30, 2026. The approval, communicated via a letter dated October 14, 2026, allows the company to convene the AGM by November 27, 2026.

The decision comes after Dewan Textile Mills Limited submitted an application on October 1, 2026, seeking an extension under section 132 read with section 223 of the Companies Act, 2017. The application aimed to defer the AGM to allow additional time for the preparation and presentation of the annual audited financial statements for shareholder consideration.

According to information available from the Pakistan Stock Exchange (PSX), the SECP's approval letter was issued with the sanction of the competent authority, granting the necessary permission for the requested extension. This development provides Dewan Textile Mills Limited, a key player in the textile sector, with the requisite timeframe to ensure comprehensive and accurate financial disclosures for the year ended June 30, 2026.