Lahore, AEL Textiles Limited has issued a notice for its upcoming Annual General Meeting (AGM) scheduled for Wednesday, October 25, 2023. The AGM will take place in Lahore, allowing both in-person attendance and participation through video-conferencing. The meeting will address crucial matters for the company's stakeholders.

Ordinary Business:

Approval of Financial Statements: The AGM will begin with the consideration and adoption of the annual audited financial statements of AEL Textiles Limited for the fiscal year ending on June 30, 2023. These financial statements will be accompanied by the Directors' and Auditors' Reports.

Note: As per Section 223(7) of the Companies Act, 2017, the company has made these financial statements accessible on its website. Interested parties can download them using the provided link and QR code.

Appointment of Auditors: The second item on the agenda is the appointment of auditors for the financial year 2023-24 and determining their remuneration. The Board of Directors, upon the recommendation of the Board Audit Committee, has proposed the re-appointment of M/s. HLB Ijaz Tabassum & Co, Chartered Accountants, as auditors for the year ending on June 30, 2024.

The AGM will provide a platform for shareholders and stakeholders to review the company's financial performance and governance, as well as make important decisions regarding its audit function for the upcoming fiscal year. The company encourages active participation from all interested parties to ensure transparency and accountability in its operations.