Karachi: Dadabhoy Construction Technology Limited (DCTL) has announced the scheduling of its 39th through 42nd Annual General Meetings (AGMs), which are set to cover the fiscal years 2020 through 2023. These meetings, previously delayed, are slated for October 14, 2024, at the company's headquarters in Karachi.

The upcoming AGMs are notably overdue, with the last meeting held almost five years ago, on October 26, 2019. The agenda for the meetings includes the confirmation of the minutes from the 38th AGM, along with the reception, consideration, and adoption of audited financial statements for the years ending June 30 from 2020 to 2023. These financial statements will be presented along with the Auditor's and Director's reports for each respective year.

Additionally, shareholders will appoint and approve the company’s auditors for the fiscal years ending June 30, 2021, through June 30, 2024. The appointed auditors will also have their remuneration fixed during these sessions. The meetings will conclude with the option to transact any other business as permitted by the chairman.

According to information available from the Pakistan Stock Exchange (PSX), this series of AGMs is crucial for DCTL as it seeks to update its shareholders on various corporate actions and compliance status post a significant hiatus in such meetings.

The designated market category for Dadabhoy Construction Technology Limited will be keenly observed by stakeholders, considering the impacts of the financial disclosures and auditor appointments on its stock performance and corporate governance practices.