Hub: Bela Automotives Limited has scheduled its 41st Annual General Meeting (AGM) for October 28, 2023, Hub. The AGM will address several key business items, including the approval of the audited financial statements for the year ending June 30, 2024.

The agenda for this year's meeting includes the confirmation of the minutes from the previous AGM held on October 28, 2023. The company will also review and adopt the financial statements, and attendees will hear reports from the Chairman, Directors, and Auditors, providing insights into the company's financial health and operational strategy.

According to information available from the Pakistan Stock Exchange (PSX), the AGM will also involve the election of seven directors for a three-year term, in line with Section 159 of the Company Act, 2017. The nominees for these positions include Abdul Mateen Allahwala, Omer Mateen Allahwala, Anwar Iqbal, Fazal Kafeel, Farnaz Anwar, Khilat Kafeel, and Sufain Zahid, showcasing a mix of new and returning leaders poised to guide the company forward.

Additionally, the shareholders will appoint auditors for the 2024-2025 fiscal year and approve their remuneration. Other business items may also be addressed with the Chair's permission, ensuring a comprehensive evaluation of the company's operations and future plans.

The forthcoming AGM reflects Bela Automotives Limited’s ongoing commitment to transparency and adherence to corporate governance standards, essential for maintaining trust and fostering growth among its stakeholders.