Karachi: Dewan Khalid Textile Mills Limited has announced the scheduling of its 46th Annual General Meeting (AGM) on Monday, April 14, 2025, at 11:00 a.m. The meeting is set to take place at the Dewan Cement Limited Factory Site, located in Deh Dhando, Dhabeji, District Mohr, Karachi.
The agenda for the AGM includes the confirmation of the minutes from the previous Extraordinary General Meeting held on January 27, 2025. Additionally, the meeting will focus on the review and adoption of the annual audited financial statements for the year ended June 30, 2023, along with the Directors' and Auditors' Reports. Another key agenda item is the confirmation of the appointment of the statutory auditors for the year ending June 30, 2024, and the determination of their remuneration. The meeting will also consider any other business permissible with the Chair's approval.
The Securities and Exchange Commission of Pakistan (SECP) has issued a notification allowing companies to circulate annual audited financial statements and the AGM notice via email instead of physical mail. Members wishing to avail of this electronic transmission are encouraged to provide their consent using the Standard Request Form available on the company's website.
In compliance with the Companies Act, 2017, shareholders holding 10% or more in aggregate may opt for the video conference facility. The company will provide venue details and access information to those who meet the necessary conditions seven days before the meeting. Furthermore, members can attend the AGM online through Zoom by registering via email provided on the company's website by April 12, 2025.
The company advises physical shareholders to convert their holdings into book-entry form by opening a CDC Investor Account or a CDC Sub-Account with a broker, as mandated by section 72 of the Companies Act, 2017. This conversion should be completed by the deadline set by the commission.
An e-voting facility will be available, with lines open from April 7, 2025, at 10 a.m. and closing on April 13, 2025, at 5 p.m. Members will receive detailed instructions and login credentials via email. For those opting for postal voting, the completed ballot papers must reach the Chairman by April 13, 2025.
According to information available from the Pakistan Stock Exchange (PSX), Dewan Khalid Textile Mills Limited is categorized under the designated market category. Shareholders are reminded to update their mandatory information, including CNIC, address, contact number, and International Bank Account Number (IBAN), with the company's share registrar to ensure legal compliance and avoid future inconveniences.