Karachi: Faran Sugar Mills Limited has announced its upcoming Annual General Meeting (AGM), scheduled for January 28, 2026. The meeting will focus on appointing auditors for the fiscal year ending September 30, 2026, and addressing other business matters with the permission of the Chair. The company has published notices in the Business Recorder and Daily Nai Baat newspapers, aiming to engage the certificate holders of the exchange.
The retiring auditors, M/s Rahman Sarfaraz Rahim Iqbal Rafiq, Chartered Accountants, have expressed their consent to continue in their role, offering themselves for reappointment for the upcoming fiscal year. The AGM will also provide a platform for the transaction of any other business, given the Chair's consent.
To facilitate shareholder participation, Faran Sugar Mills Limited has arranged for an online video link facility in compliance with the Securities and Exchange Commission of Pakistan (SECP) guidelines. Shareholders interested in attending the AGM virtually must register their intent by January 21, 2026. The necessary details, including the video conference link and login credentials, will be shared only with those who register in advance using their registered email addresses.
According to information available from the Pakistan Stock Exchange (PSX), the meeting will also involve the closure of share transfer books from January 22, 2026, to January 28, 2026, inclusive. This measure is taken to streamline the preparations for the AGM. Only members listed in the company's register as of January 21, 2026, will be eligible to attend and vote during the meeting.
The company has also emphasized the protocol for proxy appointments, requiring submission of proxy forms to the company's share registrars office no later than 48 hours before the meeting. This provision allows shareholders to delegate their voting rights if they cannot attend the AGM in person.
Furthermore, Faran Sugar Mills Limited has made its audited financial statements for the year ending September 30, 2025, available on its official website. This initiative aligns with the requirements stipulated in Section 223(7) of the Companies Act 2017.
In compliance with SECP directives, shareholders are reminded to submit attested copies of their CNICs and NTN Certificates to the independent share registrar. Failure to comply may result in the withholding of dividend payments, underscoring the importance of maintaining updated shareholder information.
The AGM's hybrid format, accommodating both physical and virtual attendance, reflects the company's commitment to enhancing shareholder engagement while adhering to regulatory requirements.