Karachi: Buxly Paints Limited has announced the convening of its 7151st Annual General Meeting (AGM) set for October 28, 2025, at 10:30 am. The meeting will be held at the company’s registered office located on X-3, Manghopir Road, S.I.T.E, Karachi, with an option for shareholders to participate virtually via Zoom Cloud Meetings.
The agenda for the AGM includes the confirmation of minutes from the previous AGM held on October 28, 2024, and the adoption of the audited accounts for the fiscal year ending June 30, 2025. Shareholders will also be asked to consider and approve the appointment of auditors for the year ending June 30, 2026, with the current auditors, M/s Rahman Sarfaraz Rahim Iqbal Rafiq, Chartered Accountants, offering themselves for re-appointment.
A significant agenda item is the election of seven directors to serve a three-year term as stipulated by section 159 of the Companies Act 2017. The retiring directors eligible for re-election include Mr. Shamshad Ali, Mr. Adnan Iqbal, Ms. Rubina Rizvi, Mr. Muhammad Hanif Idrees, Mr. Sheikh Asim Rafique, Mr. Fakhrul Arfin, and Mr. Naseer Ahmed.
According to information available from the Pakistan Stock Exchange (PSX), shareholders are advised that the share transfer books will remain closed from October 22, 2025, to October 28, 2025, inclusive. Members are encouraged to update their addresses and Zakat status with the company’s registrar, M/s THK Associates (Pvt.) Limited.
In addition to physical attendance, shareholders interested in attending the AGM virtually must register with the company secretary by October 26, 2025. The meeting will be accessible via the Zoom platform, with login details sent to registered email addresses before the meeting.
Proxies intending to attend must submit their forms at least 48 hours prior to the meeting, with specified identification and verification processes in place. The company emphasizes the need for shareholders to ensure that their CNIC or NTN details are on file with the share registrar to avoid dividend withholding as per SECP directives.
The company’s annual report for the fiscal year ending June 30, 2025, is available online through a designated QR code and web link, in compliance with SECP’s notification. The report includes the audited financial statements, auditors’ report, and directors’ and chairman’s reports.