Islamabad: Notice of 54th Annual General Meeting of Elahi Cotton Mills Limited

Elahi Cotton Mills Limited has scheduled its 54th Annual General Meeting (AGM) for October 25, 2024, at its registered office in Sector I/9, Industrial Area, Islamabad. The meeting will commence at 10:00 a.m., focusing on several key financial decisions including the approval of the company’s annual financial reports and the reappointment of its auditors.

The AGM's agenda includes confirming the minutes from the 53rd Annual General Meeting. Shareholders will be presented with the Chairman’s Review, the Directors’ Reports, and the Audited Financial Statements for the fiscal year ending June 30, 2024. The gathered members will evaluate the company's performance and strategize for the upcoming financial year.

According to information available from the Pakistan Stock Exchange (PSX), another significant item on the agenda is the reappointment of M/s. BDO Ebrahim and Co. Chartered Accountants as the company's external auditors. Their remuneration and terms of engagement for the next fiscal year will also be decided during this session.

The meeting will also cover any other ordinary business as may be necessary with the approval of the Chairman. This allows flexibility in addressing additional matters pertinent to the company’s operations and adherence to compliance regulations.

The decisions made at this AGM will be crucial for the ongoing financial health and governance of Elahi Cotton Mills as it navigates the complexities of the textile industry in the current economic climate.