Lahore: Fazal Cloth Mills Limited has announced its 59th Annual General Meeting (AGM) scheduled for October 26, 2024, in Lahore. The meeting aims to discuss several key matters, including the adoption of audited financial statements for the year ended June 30, 2024, and the reappointment of auditors. According to information available from the Pakistan Stock Exchange (PSX), the AGM's agenda highlights significant corporate governance activities for the company.

The shareholders will review the Audited Financial Statements accompanied by the Auditors' and Directors' reports, as well as the Chairman's Review Report. These documents have been made accessible on the company's website, providing transparency and allowing shareholders to prepare adequately for the deliberations.

In addition to the financial reviews, the AGM will address the appointment of the company's auditors. The Board of Directors and the Board Audit Committee have proposed the reappointment of the current auditors, M/s. ShineWing Hameed Chaudhri & Co., Chartered Accountants, reflecting their satisfaction with the services provided.

The notice for the AGM was published on October 5, 2024, in both 'The Nation' and 'Nawa-i-Waqt' newspapers, ensuring that all certificate holders of the exchange are duly informed.