Faisalabad: Amtex Limited has officially announced that its Annual General Meeting (AGM) will be held on October 28, 2025, at 11:00 A.M. at the company’s registered office located at P-225 Tikka Gali # 2 Montgomery Bazar, Faisalabad. The meeting aims to cover a range of business activities, including the confirmation of minutes from the Extraordinary General Meeting held on June 24, 2025, and the adoption of audited accounts for the fiscal year ending June 30, 2025.
The agenda for the AGM includes the reappointment of M/s. Zahid Jamil & Company, Chartered Accountants, as the company’s external auditors for the financial year 2025-26, along with the approval of their remuneration as advised by the Audit Committee and Board of Directors. The meeting will also address the ratification and approval of transactions with related parties that took place during the year ending June 30, 2025.
The company’s notice specified that the Share Transfer Books will close from October 20 to October 28, 2025, with transfers received by the close of business on October 19, 2025, being considered timely. Shareholders are entitled to appoint proxies to attend and vote on their behalf, with proxy forms required to be submitted 48 hours ahead of the meeting.
A notable provision for the AGM is the option for members to attend via video conference, provided sufficient demand is received from shareholders with at least 10% cumulative shareholding in a specific location. This option supports broader participation in the meeting, alongside traditional attendance methods.
In compliance with regulatory requirements, Amtex Limited has made its audited financial statements for the year ending June 30, 2025, available on its website. The company has also outlined procedures for voting by postal ballot and e-voting, with the latter available from October 24 to October 26, 2025.
According to information available from the Pakistan Stock Exchange (PSX), the company aims to ensure transparency and accountability, particularly regarding related party transactions. These transactions, which involve directors with shared interests, have been subjected to the scrutiny of the Board Audit Committee, chaired by an independent director. The committee ensures these transactions adhere to company policies and legal standards.
Amtex Limited encourages shareholders to convert their physical shares to book-entry form as mandated by section 72 of the Companies Act, 2017. This transition is part of a broader regulatory move towards scripless trading and is expected to enhance the efficiency of share transactions.
The AGM will serve as a platform for members to ratify past transactions and approve potential future dealings with related parties for the year ending June 30, 2026. The company has stated the necessity for such transactions but acknowledges the difficulty in estimating their future volume.
The designation of Faisalabad as the city for the AGM aligns with the company’s registered operations, ensuring local shareholders have direct access to the meeting. Amtex Limited remains committed to maintaining robust governance practices and fostering shareholder engagement through its annual meetings and other corporate communications.