Quetta: East West Insurance Company Limited has announced that its 42nd Annual General Meeting (AGM) will take place on April 28, 2025, at 11:30 A.M. The meeting will be held at the company's registered office located at 27, Regal Plaza, Jinnah Road, Quetta. Shareholders are invited to attend to discuss and approve several key agenda items.
The agenda for this year's AGM includes confirmation of the minutes from the Extraordinary General Meeting held on October 5, 2024, and the adoption of the audited financial statements for the year ending December 31, 2024. The meeting will also consider the appointment of auditors for the year ending December 31, 2025, and the approval of their remuneration. Additionally, shareholders will be asked to approve an interim bonus issue as the final distribution for the year 2024, which was previously announced on September 9, 2024. This bonus issue involves the distribution of one ordinary share for every ten ordinary shares held.
In compliance with guidelines from the Securities and Exchange Commission of Pakistan, East West Insurance has arranged for shareholders to participate in the meeting via video-link. Shareholders wishing to attend electronically must provide relevant details, including their CDC account number and CNIC, to the company secretary at least 24 hours before the meeting.
Proxy voting is permitted for those unable to attend. Members are entitled to appoint another member as their proxy, provided that the proxy form is submitted no later than 48 hours before the meeting. The meeting will adhere to guidelines issued by the Securities and Exchange Commission of Pakistan regarding the identification and authentication of both individual and corporate account holders.
The company's share transfer books will be closed from April 24 to April 28, 2025. Transfers completed by April 23, 2025, will be eligible for voting at the AGM. Shareholders are encouraged to update their contact information and ensure the provision of valid identification documents.
According to information available from the Pakistan Stock Exchange (PSX), East West Insurance operates within the designated market category of insurance services, providing a range of insurance products to its clientele. The company's forthcoming AGM is expected to address crucial business decisions impacting its operational and financial strategies for the upcoming fiscal year.