Karachi: Atlas Battery Limited has announced the scheduling of its Annual General Meeting (AGM) for shareholders, set to take place at 9:30 a.m. on Monday, September 29, 2025. The meeting will be held at the Pakistan Society for Training and Development in Karachi’s DHA Phase V, with an option for online attendance via Zoom. This information was disclosed in a draft notice shared in compliance with Rule 5.6.9 of the PSX Rule Book of Pakistan Stock Exchange Limited, as the company prepares for publication in newspapers.
The AGM agenda includes confirmation of the minutes from the previous AGM held in September 2024, and the consideration and adoption of the audited annual financial statements for the fiscal year ending June 30, 2025. The meeting will also involve the appointment of auditors for the upcoming year, with the current auditors, M/s. ShineWing Hameed Chaudhri & Co., offering themselves for reappointment.
According to the notice, shareholders attending in person are required to authenticate their identities, while corporate entities must provide relevant documentation for their representatives. Provisions are also made for appointing proxies, with specific requirements outlined for individuals and corporate entities alike.
A significant aspect of the meeting is the emphasis on compliance with regulations concerning dividend distribution and taxation. Shareholders are urged to provide their bank account details for electronic dividend payments, as mandated by Section 242 of the Companies Act. Non-compliance will result in withholding of dividends. Additionally, shareholders are reminded to ensure their inclusion in the Active Taxpayers List to avoid higher tax deductions.
According to information available from the Pakistan Stock Exchange (PSX), Atlas Battery Limited has made several administrative reminders to its shareholders. These include procedures for submitting Zakat declarations, addressing unclaimed dividends, and ensuring the conversion of physical shares into book-entry form to comply with existing regulations.
The company has also reiterated that no gifts will be distributed at the general meeting, in accordance with regulatory requirements. Shareholders are encouraged to visit the company’s website or contact the Share Registrar for any inquiries regarding unclaimed dividends or share certificates.