Karachi: Dawood Equities Limited has announced the scheduling of its 20th Annual General Meeting (AGM) to take place on October 28, 2025, at 8:45 a.m. The meeting will be held at 1700-A, Saima Trade Towers, I. I. Chundrigar Road, Karachi. This announcement comes as part of the company's obligation to inform its shareholders and the general public regarding its annual proceedings.
According to the notice, the agenda for the AGM includes several key items. Shareholders will be asked to confirm the minutes of the previous AGM held on October 25, 2024. They will also review and adopt the Annual Financial Statements for the fiscal year ending June 30, 2025, along with the Directors' and Auditors' Reports. The company's annual report has been made available on its official website for stakeholders’ perusal.
Another significant item on the agenda is the consideration of appointing auditors for the upcoming fiscal year ending June 30, 2026. The Board of Directors has recommended the reappointment of Yousuf Adil, Chartered Accountants, as the external auditors. Shareholders will have the opportunity to vote on this recommendation during the meeting.
Shareholders of record as of October 21, 2025, will be eligible to attend and vote at the AGM. The company's register of members will be closed from October 22 to 28, 2025, to facilitate the process. Members who cannot attend in person may appoint a proxy to vote on their behalf, with the necessary documents to be submitted at least 48 hours before the meeting.
Dawood Equities Limited is also offering a video-conferencing option for shareholders who wish to participate remotely. This move aligns with Section 134(1)(b) of the Companies Act, 2017, which mandates providing a video-link facility to members holding 10% or more of the shareholding in aggregate. Interested shareholders must register for this facility by October 24, 2025, at 5:00 p.m.
According to information available from the Pakistan Stock Exchange (PSX), Dawood Equities Limited remains a notable entity within the designated market category. The upcoming AGM will provide shareholders an opportunity to engage with the company's strategic decisions and financial performance.
This year's AGM has been slated for publication in the English daily 'The Nation' and its Urdu counterpart 'Daily the Millat' on October 7, 2025, ensuring broad dissemination of the meeting details to stakeholders across linguistic lines.